Financial PerformanceNLIGHT will post a net non-GAAP loss of ($0.16) per diluted share on sales of $47.0 million versus a prior estimate of a net non-GAAP loss of ($0.11) per diluted share on sales of $53.0 million.
Market WeaknessThe weakness was driven by continued weakness in industrial end markets, execution challenges related to the microfabrication business, and the timing of delivery of some defense-related products.
Revenue ExpectationsNLIGHT provided preliminary 4Q expectations, which stated a weaker-than-expected revenue range of $46-48mn, below the low end of their $49-54mn prior guidance range.