nLIGHT Q1 revenue $54.1M, down 16% YoY; wins $86M DoD laser contract

NLIGHT, INC.

2023-Q1 EPS reported -$0.17 revenue$54,091,000

Q1 revenue $54.1M (down 16.1% YoY); GAAP net loss $7.7M (-$0.17/sh) vs $8.6M loss YoY.
Overall gross margin 26.4% (up from 25.1% YoY); adjusted EBITDA $1.3M; products gross margin 33%.
Awarded $86M DoD contract for High Energy Laser prototype under HELSI program.
Q2 guidance: revenue $49M-$55M, gross margin 22%-26%, adjusted EBITDA -$2M to $1M.
Cash balance $108M, no outstanding debt.

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 first quarter of 2023 results: revenue $54.1 million, net income net loss of $7.7 million, EPS net loss of $0.17 per diluted share. Guidance initiated.

Period: first quarter of 2023
Revenue: $54.1 million
Net income: net loss of $7.7 million
EPS: net loss of $0.17 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues of $54.1 million for the first quarter of 2023 were down 16.1% compared to $64.5 million for the first quarter of 2022. Gross margin was 26.4% for the first quarter of 2023 compared to 25.1% for the first quarter of 2022. GAAP net loss for the first quarter of 2023 was $7.7 million, or net loss of $0.17 per diluted share, compared to net loss of $8.6 million, or $0.20 per diluted share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001124796-23-000048

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