nLIGHT Q2 2022 revenue $60.8M (-12% YoY), net loss $(10.3)M, Q3 guidance soft

NLIGHT, INC.

2022-Q2 EPS reported -$0.43 revenue$125,286,000

Revenue $60.8M, down 12% YoY; gross margin 25.3% vs 29.4% prior-year quarter.
GAAP net loss $(10.3)M ($(0.23) per diluted share) vs $(7.9)M loss a year ago.
Adjusted EBITDA fell to $168K (0.3% of revenue) from $6.3M (9.1%) in Q2 2021.
Q3 2022 guidance: revenue $60-66M, gross margin 21-25%, adjusted EBITDA $(1)-$2M.
Appointed Chris Schechter as COO; he previously led operations at Celestica.

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