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nLIGHT Q1 2025 Earnings Report
nLIGHT reported strong first quarter 2025 results, with revenues exceeding guidance, driven by record performance in aerospace and defense markets.
Key Takeaways
nLIGHT, Inc. announced a strong start to 2025, with first-quarter revenues of $51.7 million, surpassing guidance due to record results in aerospace and defense. The company also saw significant improvements in gross margin and a reduced net loss compared to the previous year.
Revenues for Q1 2025 increased by 16.0% to $51.7 million, exceeding the high-end of guidance.
Gross margin improved significantly to 26.7% in Q1 2025, up from 16.8% in Q1 2024.
Net loss decreased by 41.2% to $8.1 million in Q1 2025 compared to $13.8 million in Q1 2024.
Adjusted EBITDA turned positive at $116 thousand in Q1 2025, a substantial improvement from a negative $4.894 million in Q1 2024.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, nLIGHT anticipates revenues between $53 million and $59 million, with an overall gross margin in the range of 19% to 25%, and Adjusted EBITDA between ($4) million and $1 million.
Positive Outlook
- Expected sequential revenue growth in Q2 2025.
- Continued ramp-up of defense products.
- Increased confidence in aerospace and defense outlook for 2025, projecting at least 25% year-over-year growth.
- Products gross margin expected to be strong, ranging from 27% to 33%.
- Adjusted EBITDA expected to be near breakeven or positive.
Challenges Ahead
- Overall gross margin guidance for Q2 2025 (19%-25%) is lower than Q1 2025 (26.7%).
- Advanced Development gross margin expected to be low at approximately 8%.
- Adjusted EBITDA guidance includes a potential negative value of ($4) 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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