secwatch.observer — SEC 8-K summary
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Issuer:     NLIGHT, INC. (LASR)
CIK:        0001124796
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001124796-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124796/000112479624000015/0001124796-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124796/000112479624000015/lasr-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001124796-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer