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Mar 31, 2024
nLIGHT Q1 2024 Earnings Report
Reported revenues of $44.5 million and a GAAP net loss of $13.8 million.
Key Takeaways
nLIGHT reported Q1 2024 results with revenues of $44.5 million, within the guided range, and expects Q1 to be the trough revenue quarter. The company anticipates sequential revenue growth in Q2 and a stronger second half of the year, driven by the aerospace and defense business. They ended the quarter with $121 million in cash and no debt, enabling continued investment for long-term growth.
Q1 revenues were $44.5 million, within guidance.
Gross margin was 16.8% for the first quarter of 2024.
GAAP net loss for the first quarter of 2024 was $13.8 million, or $0.29 per diluted share.
Ended the quarter with $121 million of cash, cash equivalents and marketable securities with no outstanding debt.
Revenue by Segment
Forward Guidance
For the second quarter of 2024, nLIGHT expects revenues to be in the range of $47 million to $51 million. The midpoint of $49 million includes Laser Products revenue of approximately $34 million and Advanced Development revenue of approximately $15 million. nLIGHT expects overall gross margin to be in the range of 18% to 22%, with Laser Products gross margin in the range of 23% to 27% and Advanced Development gross margin of approximately 8%. nLIGHT expects Adjusted EBITDA to be in the range of ($1) million to ($5) million.
Positive Outlook
- Revenues to be between $47 million and $51 million.
- Laser Products revenue of approximately $34 million.
- Advanced Development revenue of approximately $15 million.
- Overall gross margin to be in the range of 18% to 22%.
- Laser Products gross margin in the range of 23% to 27%.
Challenges Ahead
- Advanced Development gross margin of approximately 8%.
- Adjusted EBITDA to be in the range of ($1) million to ($5) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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