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Thank you for taking the time to share your feedback and for your contributions over the past several years. We’re pleased to hear that you’ve enjoyed working alongside talented colleagues and on technologies that make a meaningful impact.
We recognize that periods of growth and organizational change can create challenges, and we understand the importance of ensuring our teams have the support, resources, and clarity they need to succeed. Strengthening communication and alignment remains a priority, with quarterly all-employee town halls, bi-monthly leader/manager town halls, site visits from leaders, weekly Novanta News communications, and our Collaboration Hub helping to keep employees informed about company priorities and progress. We also recently launched a new employee engagement survey tool, and managers across the company are facilitating listening and action planning sessions with their teams to make our workplace better.
Your feedback regarding engineering investment, organizational priorities, and day-to-day operations is valuable, and we appreciate you sharing it. We continue to invest in our technology, products and operations. Over the past several years, we have funded strategic initiatives to modernize systems, improve processes, and support innovation across our businesses. Like many growing companies, we continue to balance priorities and resources and remain committed to addressing technical challenges and enabling our teams to succeed.
Innovation remains at the core of our strategy. Each year, we invest a portion of our annual revenue in research and development, supporting advancements in precision medicine, advanced surgery, robotics, automation, and AI-enabled technologies. In addition, we continue to invest in modernizing systems, improving processes, and strengthening our operations to enable our engineering teams to deliver innovative solutions for customers.
Regarding staffing, we never take workforce decisions lightly. Our teams have continued to hire for critical roles, support employee development, and invest in areas that align with our long-term strategy and customer needs. We remain focused on building a sustainable organization that can support future growth.
We appreciate the feedback and are committed to creating an environment where employees can do their best work while helping us continuously improve.