nLIGHT, Inc. reported a decrease in revenues to $60.8 million, a gross margin of 25.3%, and a net loss of $(10.3) million for the second quarter of 2022. Despite operational challenges, the company saw growth in sales to Industrial customers outside of China and strong demand in Microfabrication.
Revenues for the second quarter of 2022 were $60.8 million, down 12.0% compared to $69.1 million for the second quarter of 2021.
Gross margin was 25.3% for the second quarter of 2022 compared to 29.4% for the second quarter of 2021.
GAAP net loss for the second quarter of 2022 was $(10.3) million, or net loss of $(0.23) per diluted share.
Adjusted EBITDA was $168 thousand for the second quarter.
For the third quarter of 2022, nLIGHT expects revenues to be in the range of $60 million to $66 million, gross margin to be in the range of 21% to 25%, and Adjusted EBITDA to be in the range of $(1) million to $2 million.
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