nLIGHT Q4 revenue $51.9M above guidance; full-year loss narrows to $41.7M

NLIGHT, INC.

2023-FY EPS reported -$0.90 revenue$209,921,000

Full year 2023 revenue $209.9M, down 13.3% YoY; net loss $41.7M ($0.90 diluted) vs loss $54.6M in 2022.
Q4 revenue $51.9M, down 8.4% YoY but above guidance; net loss $13.2M ($0.28) vs loss $22.7M a year ago.
Products gross margin improved 250 bps YoY to 22.0% for full year; Q4 gross margin 18.9% vs 10.2%.
Backlog increased 34% YoY; large directed energy contracts won in 2023; cash and investments ~$113M.
Q1 2024 guidance: revenue $42-46M, gross margin 15-20%, adjusted EBITDA ($7M)-($5M).

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 three months ended December 31, 2023 results: revenue $51.9 million, net income Net loss of $13.2 million, EPS $0.28 per diluted share. Guidance initiated.

Period: three months ended December 31, 2023
Revenue: $51.9 million
Net income: Net loss of $13.2 million
EPS: $0.28 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues of $51.9 million for the fourth quarter of 2023 were down 8.4% compared to $56.7 million for the fourth quarter of 2022. Gross margin was 18.9% for the fourth quarter of 2023 compared to 10.2% for the fourth quarter of 2022. GAAP net loss for the fourth quarter of 2023 was $13.2 million, or $0.28 per diluted share, compared to GAAP net loss of $22.7 million or $0.50 per diluted share, for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NLIGHT, INC. reported twelve months ended December 31, 2023 results: revenue $209.9 million, net income Net loss of $41.7 million, EPS $0.90 per diluted share. Guidance initiated.

Period: twelve months ended December 31, 2023
Revenue: $209.9 million
Net income: Net loss of $41.7 million
EPS: $0.90 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues of $209.9 million for the full year 2023 were down 13.3% compared to $242.1 million for the full year 2022. Gross margin was 22.0% for the full year 2023 compared to 21.0% for the full year 2022. GAAP net loss for the full year 2023 was $41.7 million, or $0.90 per diluted share, compared to net loss of $54.6 million, or $1.23 per diluted share, for the full year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NLIGHT, INC. reported first quarter of 2024 results: revenue $42 million to $46 million. Guidance initiated.

Period: first quarter of 2024
Revenue: $42 million to $46 million
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2024, nLIGHT expects revenues to be in the range of $42 million to $46 million.

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Source: SEC EDGAR

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