nLIGHT Q4 revenue $56.7M, net loss $22.7M; guides Q1 revenue $50-56M

NLIGHT, INC.

2022-FY EPS reported -$1.23 revenue$242,058,000

Q4 2022 revenue $56.7M, down 16% YoY; GAAP net loss $22.7M ($0.50/share) vs loss $8.8M in Q4 2021.
Full year 2022 revenue $242.1M, down 10.4% YoY; GAAP net loss $54.6M ($1.23/share) vs loss $29.7M in 2021.
Gross margin fell to 10.2% in Q4 (26.6% prior year) and 21.0% for full year (28.6% prior year).
Incurred ~$6M non-routine inventory charges and ~$4M restructuring expenses in Q4.
Q1 2023 guidance: revenue $50-56M, gross margin 17-20%, Adjusted EBITDA -$4M to -$1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NLIGHT, INC. reported the fourth quarter of 2022 results: revenue $56.7 million, net income $22.7 million, EPS $0.50 per diluted share. Guidance initiated.

Period: the fourth quarter of 2022
Revenue: $56.7 million
Net income: $22.7 million
EPS: $0.50 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues of $56.7 million for the fourth quarter of 2022 were down 16.0% compared to $67.5 million for the fourth quarter of 2021. Gross margin was 10.2% for the fourth quarter of 2022 compared to 26.6% for the fourth quarter of 2021. GAAP net loss for the fourth quarter of 2022 was $22.7 million, or $0.50 per diluted share, compared to net loss of $8.8 million, or $0.20 per diluted share, for the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NLIGHT, INC. reported full year 2022 results: revenue $242.1 million, net income $54.6 million, EPS $1.23 per diluted share. Guidance initiated.

Period: full year 2022
Revenue: $242.1 million
Net income: $54.6 million
EPS: $1.23 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues of $242.1 million for the full year 2022 were down 10.4% compared to $270.1 million for the full year 2021. Gross margin was 21.0% for the full year 2022 compared to 28.6% for the full year 2021. GAAP net loss for the full year 2022 was $54.6 million, or $1.23 per diluted share, compared to net loss of $29.7 million, or $0.70 per diluted share, for the full year 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NLIGHT, INC. reported the first quarter of 2023 results: revenue in the range of $50 million to $56 million. Guidance initiated.

Period: the first quarter of 2023
Revenue: in the range of $50 million to $56 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2023, nLIGHT expects revenues to be in the range of $50 million to $56 million.

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Source: SEC EDGAR

accession 0001124796-23-000015

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