earnings
confidence high
sentiment negative
materiality 0.75
nLIGHT Q3 2022 revenue $60.1M, down 17% YoY; Q4 guidance weak
NLIGHT, INC.
2022-Q3 EPS reported
-$0.72
revenue$185,379,000
- Revenue $60.1M, down 16.8% YoY; GAAP net loss $13.0M ($0.29/share) vs loss of $6.9M ($0.16).
- Non-GAAP net loss $5.1M ($0.11/share) vs non-GAAP net income $3.9M ($0.08) a year ago.
- Gross margin 22.4% vs 29.6% YoY; Adjusted EBITDA -$1.4M vs +$7.2M.
- Q4 2022 guidance: rev $53M-$59M, gross margin 20%-23%, Adj EBITDA -$4M to -$1M.
- CEO cites 91% revenue outside China and continued ramp of US automated manufacturing.