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Dec 31, 2024
nLIGHT Q4 2024 Earnings Report
nLIGHT reported a decrease in revenue and significant losses for the fourth quarter and full year 2024, primarily due to non-routine charges and increased operating expenses.
Key Takeaways
nLIGHT, Inc. reported a challenging fourth quarter and full year 2024, with revenues decreasing by 8.7% to $47.4 million for Q4 2024 compared to the previous year. The company experienced a significant GAAP net loss of $25.0 million for the quarter, an 88.6% increase from Q4 2023, largely impacted by non-routine charges of approximately $6.0 million related to inventory reserves.
Fourth quarter 2024 revenue decreased by 8.7% year-over-year to $47.4 million.
GAAP net loss for Q4 2024 was $25.0 million, an 88.6% increase from Q4 2023.
Gross margin for Q4 2024 significantly declined to 2.4% from 18.9% in Q4 2023, impacted by $6.0 million in non-routine charges.
Adjusted EBITDA for Q4 2024 was a loss of $11.3 million, a substantial increase in loss compared to $3.3 million in Q4 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the first quarter of 2025, nLIGHT expects revenues to be in the range of $45 million to $51 million, with an overall gross margin between 13% to 17%, and Adjusted EBITDA in the range of ($6) million to ($3) million.
Positive Outlook
- Expected revenue range of $45 million to $51 million for Q1 2025.
- Laser Products revenue expected to be approximately $33 million in Q1 2025.
- Advanced Development revenue expected to be approximately $15 million in Q1 2025.
- Laser Products gross margin expected to be in the range of 16% to 20%.
- Optimistic outlook for aerospace and defense business heading into 2025 with good visibility across programs.
Challenges Ahead
- Overall gross margin expected to be lower, in the range of 13% to 17% for Q1 2025.
- Advanced Development gross margin expected to be approximately 8%, indicating lower profitability for this segment.
- Adjusted EBITDA is projected to remain negative, in the range of ($6) million to ($3) million for Q1 2025.
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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