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nLIGHT Inc (LASR)
NASDAQ:LASR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.14Last Year’s EPS
-$0.13Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -32.70%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in the aerospace and defense segment, successful transitions in manufacturing, and a solid balance sheet. However, there are significant challenges in the commercial markets, especially in the industrial segment, with declining revenues and a negative adjusted EBITDA. The company is optimistic about its defense segment but remains cautious about the commercial outlook.Company Guidance
During the call, nLIGHT provided guidance for the fourth quarter of 2024, projecting revenue in the range of $49 million to $54 million, with a midpoint of approximately $51.5 million. This includes expectations of around $36.5 million in product revenue and $15 million in development revenue. The company anticipates its aerospace and defense (A&D) products to continue to grow sequentially, with 100% of the Q4 A&D revenue already in backlog. The guidance also specifies a products gross margin between 21% and 25% and a development gross margin of approximately 8%, culminating in an overall gross margin range of 17% to 21%. Furthermore, nLIGHT projects an adjusted EBITDA for Q4 2024 to be between negative $5 million and negative $2 million, with a breakeven adjusted EBITDA anticipated when quarterly revenue reaches the $55 million to $60 million range.Aerospace and Defense Business Growth
Aerospace and defense revenue for the third quarter was a record $30.3 million, 54% of total revenue and an increase of 59% compared to the third quarter of 2023. A&D product revenue in the third quarter was also a record high at $15.3 million, growing 135% year-over-year and 35% sequentially.
Successful Manufacturing Transition
nLIGHT formally ceased all manufacturing operations in Shanghai by the beginning of the fourth quarter, transitioning manufacturing to a contract manufacturer in Thailand and an automated facility in the U.S.
Strong Balance Sheet
The company ended the third quarter with cash and investments of $107 million and no debt.
Microfabrication Revenue Increase
Third quarter microfabrication revenue grew 40% sequentially to $14 million.
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LASR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LASR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $14.68 | $11.23 | -23.50% |
| Aug 01, 2024 | $11.22 | $10.89 | -2.94% |
| May 02, 2024 | $11.56 | $12.14 | +5.02% |
| Feb 22, 2024 | $13.81 | $12.16 | -11.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does nLIGHT Inc (LASR) report earnings?
nLIGHT Inc (LASR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is nLIGHT Inc (LASR) earnings time?
nLIGHT Inc (LASR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LASR EPS forecast?
LASR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.14.
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