nLIGHT Q1 revenue $44.5M (-18% YoY), net loss $13.8M; guides Q2 rev $47-51M

NLIGHT, INC.

2024-Q1 EPS reported -$0.29 revenue$44,527,000

Revenue $44.5M vs $54.1M YoY (-17.7%); gross margin 16.8% vs 26.4%.
GAAP net loss $13.8M ($0.29/share) vs $7.7M ($0.17) loss YoY; non-GAAP loss $8.2M ($0.17).
Adjusted EBITDA -$4.9M vs +$1.3M YoY; cash and securities $121M, no debt.
Q2 2024 guidance: revenue $47-51M, gross margin 18-22%, Adjusted EBITDA -$1M to -$5M.
CEO states Q1 is trough revenue quarter; expects sequential growth in Q2 and stronger H2.

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 0.75

NLIGHT, INC. reported the three months ended March 31, 2024 results: revenue $44.5 million, net income GAAP net loss for the first quarter of 2024 was $13.8 million, or $0.29 per diluted share, EPS $0.29 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $44.5 million
Net income: GAAP net loss for the first quarter of 2024 was $13.8 million, or $0.29 per diluted share
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

Exchange Act, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- nLIGHT, Inc. Announces First Quarter 2024 Results Revenues of $44.5 million for the first quarter of 2024 CAMAS , Wash ., May 2, 2024 - nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the industrial,

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Source: SEC EDGAR

accession 0001124796-24-000055

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