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Sep 30, 2023
nLIGHT Q3 2023 Earnings Report
Reported revenues of $50.6 million, a net loss of $11.9 million, and a non-GAAP net loss of $4.9 million.
Key Takeaways
nLIGHT, Inc. reported third-quarter revenues of $50.6 million, a decrease of 15.7% compared to the third quarter of 2022. The company's GAAP net loss was $11.9 million, or $0.26 per diluted share, while the non-GAAP net loss was $4.9 million, or $0.10 per diluted share. The company ended the quarter with approximately $112 million in cash, cash equivalents, and marketable securities.
Generated $50.6 million of revenue, near the upper end of expectations.
Secured new design wins in additive manufacturing and delivered initial shipments of lasers to a large global EV battery manufacturer.
Awarded additional options on HELSI 2 contract, bringing the total value to $171 million.
Increased cash and marketable securities balance by approximately $10 million during the quarter.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, nLIGHT expects revenues to be in the range of $45 million to $50 million, with an overall gross margin of 16% to 20% and Adjusted EBITDA to be in the range of $(5) million to $(2) million.
Positive Outlook
- Laser Products revenue of approximately $35.5 million.
- Advanced Development revenue of approximately $12 million.
- Laser Products gross margin in the range of 20% to 25%.
- Advanced Development gross margin of approximately 7.
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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