Loading...
•
Mar 31, 2023
nLIGHT Q1 2023 Earnings Report
nLIGHT's Q1 2023 performance reflected revenue above guidance midpoint and exceeded gross margin guidance, driven by strategic focus on industrial and aerospace & defense markets, improved U.S. manufacturing, and cost control.
Key Takeaways
nLIGHT reported Q1 2023 revenues of $54.1 million and a gross margin of 26.4%. The company's strategic focus on specific markets and cost control initiatives led to positive cash flow and a strong balance sheet, ending with $108 million in cash and marketable securities. nLIGHT was also awarded an $86 million contract for a High Energy Laser prototype.
Revenues for Q1 2023 were $54.1 million, a 16.1% decrease compared to Q1 2022.
Gross margin for Q1 2023 was 26.4%, an increase compared to 25.1% in Q1 2022.
GAAP net loss for Q1 2023 was $7.7 million, or $0.17 per diluted share, compared to a net loss of $8.6 million, or $0.20 per diluted share, for Q1 2022.
nLIGHT was awarded an $86 million contract to produce a High Energy Laser prototype for the Department of Defense.
Revenue by Segment
Forward Guidance
For the second quarter of 2023, nLIGHT expects revenues to be in the range of $49 million to $55 million. The midpoint of $52 million includes Laser Products revenue of approximately $40 million and Advanced Development revenue of approximately $12 million. nLIGHT expects overall gross margin to be in the range of 22% to 26%, with Laser Products gross margin in the range of 27% to 31% and Advanced Development gross margin of approximately 7%. nLIGHT expects Adjusted EBITDA to be in the range of $(2) million to $1 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...