nLIGHT, Inc. reported a decrease in revenue to $60.1 million, a gross margin of 22.4%, and a net loss of $13.0 million for Q3 2022. The company is navigating a weaker demand environment, but long-term growth opportunities remain intact.
Third quarter revenue was $60.1 million.
Gross margin for the third quarter was 22.4%.
GAAP net loss for the third quarter was $13.0 million, or $0.29 per diluted share.
Ninety one percent of revenue was from customers outside of China.
For the fourth quarter of 2022, nLIGHT expects revenues to be in the range of $53 million to $59 million, gross margin to be in the range of 20% to 23%, and Adjusted EBITDA to be in the range of $(4) million to $(1) million.
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