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Dec 31, 2022
nLIGHT Q4 2022 Earnings Report
Reported a decrease in revenue and net loss compared to the same quarter last year, while making progress in strategic growth initiatives and manufacturing relocation.
Key Takeaways
nLIGHT reported Q4 2022 revenue of $56.7 million, a 16.0% decrease year-over-year. The company experienced a net loss of $22.7 million, compared to a net loss of $8.8 million in Q4 2021. Despite these challenges, nLIGHT saw record quarterly sales to Industrial customers outside of China and made progress in relocating manufacturing operations.
Q4 revenue was $56.7 million, down 16.0% year-over-year.
GAAP net loss was $22.7 million, or $0.50 per diluted share.
Non-GAAP net loss was $12.3 million, or $0.27 per diluted share.
Strategic decisions made in Q4 better position the company for long-term profitable growth.
Revenue by Segment
Forward Guidance
For the first quarter of 2023, nLIGHT expects revenues to be in the range of $50 million to $56 million. The midpoint of $53 million includes Laser Products revenue of approximately $41 million and Advanced Development revenue of approximately $12 million. nLIGHT expects overall gross margin to be in the range of 17% to 20%, with Laser Products gross margin in the range of 20% to 24% and Advanced Development gross margin of approximately 7%. nLIGHT expects Adjusted EBITDA to be in the range of $(4) million to $(1) million.
Positive Outlook
- Revenues to be in the range of $50 million to $56 million.
- Laser Products revenue of approximately $41 million.
- Advanced Development revenue of approximately $12 million.
- Overall gross margin to be in the range of 17% to 20%.
- Laser Products gross margin in the range of 20% to 24%.
Challenges Ahead
- Adjusted EBITDA to be in the range of $(4) million to $(1) million.
- Unrealized and realized foreign exchange gains and losses cannot be reasonably calculated or predicted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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