Nlight ( (LASR) ) has released its Q4 earnings. Here is a breakdown of the information Nlight presented to its investors.
nLIGHT, Inc. is a prominent provider of high-power semiconductor and fiber lasers, serving the aerospace and defense, industrial, and microfabrication sectors, with a focus on innovation in laser technology.
In its latest earnings report, nLIGHT, Inc. revealed a challenging year with revenues of $198.5 million for 2024, a decrease from the previous year. Despite the overall decline, the company saw significant growth in its defense sector, which now constitutes 55% of its total sales.
Key financial metrics showed a decrease in revenue by 5.4% year-over-year, with a gross margin decline from 22.0% to 16.6%. The company reported a net loss of $60.8 million for the year, compared to $41.7 million in 2023. The fourth quarter saw an 8.7% drop in revenue and a significant decrease in gross margin due to non-routine charges.
Looking forward, nLIGHT’s management remains optimistic about growth in the aerospace and defense markets, supported by a strong backlog and a healthy balance sheet. The company anticipates revenues between $45 million and $51 million for the first quarter of 2025, with a focus on scaling its laser products and advanced development sectors.