nLIGHT reported record revenue of $69.1 million for the second quarter of 2021, a 33% increase year-over-year. Gross margins improved to 29.4%, and the company saw significant growth in Microfabrication and Aerospace & Defense revenue.
Revenue increased 33% year-over-year, reaching $69.1 million.
Gross margins improved by more than 400 basis points compared to Q2 2020, reaching 29.4%.
Aerospace & Defense revenue increased by 57% year-over-year.
Non-GAAP net income was $4.4 million, or $0.09 per diluted share, compared to a non-GAAP net loss of $(0.1) million, or $(0.00) per diluted share, for the second quarter of 2020.
For the third quarter of 2021, nLIGHT expects revenues to be in the range of $68 million to $74 million, gross margin to be in the range of 26% to 30%, and Adjusted EBITDA to be in the range of $4 million to $7 million.
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