nLight sees Q4 adjusted EBITDA, gross margin ‘materially below’ prior guidance

The company states: “Primarily due to lower overall product revenue and several non-recurring charges related to the Company’s efforts to rightsize its industrial business, the Company expects that both gross margin and Adjusted EBITDA will be materially below its previously announced fourth quarter guidance ranges.” CEO Scott Keeney said: “Despite the continued challenges in our commercial markets during the fourth quarter, I am optimistic about our overall business, particularly aerospace and defense, as we head into 2025. We enter the year with good visibility across multiple programs in both directed energy and laser sensing, and we remain well-positioned for near- and long-term growth in aerospace and defense.”