nLIGHT, Inc.
Description
nLIGHT, Inc. designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. It sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through independent sales representatives and distributors in Asia, Australia, Europe, the Middle East, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.
About
CEO
Mr. Scott H. Keeney
Employees
900
Instrument type
Common Stock
Sector
Technology
Industry
Semiconductors
MIC code
XNGS
Address
4637 NW 18th Avenue, Camas, WA 98607, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 28, 2025 | -0.12 | — | — | — |
| Feb 20, 2025 | -0.12 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 8 |
| Average estimate | — | -0.17 | — | -0.48 |
| Low estimate | — | -0.21 | — | -0.63 |
| High estimate | — | -0.04 | — | -0.06 |
| Last year EPS | — | -0.17 | — | -0.54 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-51.920%
Next qtr. (Mar 2025)
2.210%
Current year
-80.830%
Next year (Dec 2025)
12.440%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 209.92M | 242.06M | 270.15M | 222.79M | 176.62M |
| Cost of revenue | 163.81M | 191.24M | 192.84M | 163.43M | 124.28M |
| Gross profit | 46.11M | 50.82M | 77.31M | 59.36M | 52.34M |
| Operating expense | |||||
| Research & development | 46.16M | 53.77M | 54.81M | 41.16M | 28.14M |
| Selling general and admin | 45.90M | 48.26M | 52.71M | 39.25M | 34.11M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -45.95M | -51.21M | -30.22M | -21.05M | -9.91M |
| Non operating interest income | |||||
| Income | — | — | — | 78,000 | 2.61M |
| Expense | — | — | 163,000 | — | — |
| Other income expense | 1.96M | -3.55M | 336,000 | 378,000 | 535,000 |
| Pretax income | -42.65M | -54.24M | -30.04M | -20.59M | -6.77M |
| Tax provision | -978,000 | 344,000 | -375,000 | 340,000 | 6.12M |
| Net income | -41.67M | -54.58M | -29.67M | -20.93M | -12.88M |
| Basic EPS | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 |
| Diluted EPS | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 |
| Basic average shares | 46.08M | 44.44M | 42.14M | 38.37M | 37.12M |
| Diluted average shares | 46.08M | 44.44M | 42.14M | 38.37M | 37.12M |
| EBITDA | -29.10M | -31.62M | -15.16M | -7.36M | -345,000 |
| Net income from continuing op. | -41.67M | -54.58M | -29.67M | -20.93M | -12.88M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 306.80M | 329.23M | 373.62M | 283.64M | 249.97M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 53.21M | 57.83M | 146.53M | 102.28M | 117.25M |
| Other short term investments | 59.67M | 50.39M | — | — | — |
| Accounts receivable | 39.59M | 37.91M | 41.57M | 31.82M | 27.13M |
| Other receivables | — | 10.38M | 9.66M | 5.68M | 2.45M |
| Inventory | 52.16M | 67.60M | 73.75M | 54.71M | 46.13M |
| Prepaid assets | — | 6.60M | 5.59M | 5.71M | 4.94M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 15.93M | 17.03M | 103,000 | 378,000 | 225,000 |
| Non current assets | |||||
| Properties | 103.67M | 103.12M | 98.18M | 84.75M | 61.22M |
| Land and improvements | 3.40M | 3.40M | 3.40M | 3.40M | — |
| Machinery furniture equipment | 11.89M | 11.23M | 9.07M | 6.48M | 6.23M |
| Construction in progress | — | — | — | — | — |
| Leases | 31.99M | 30.68M | 28.13M | 21.93M | 20.76M |
| Accumulated depreciation | -95.42M | -83.24M | -75.01M | -66.26M | -58.63M |
| Goodwill | 26.45M | 28.79M | 31.54M | 33.31M | 29.75M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.65M | 4.04M | 6.70M | 8.35M | 10.01M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 7.28M | 7.47M | 4.15M | 2.93M | 1.92M |
| Total liabilities | 52.38M | 58.39M | 71.49M | 63.73M | 33.36M |
| Current liabilities | |||||
| Accounts payable | 12.17M | 17.51M | 26.35M | 21.06M | 12.70M |
| Accrued expenses | 12.56M | 12.82M | 14.73M | 15.32M | 11.45M |
| Short term debt | 3.18M | 2.76M | 3.07M | 2.46M | 51,000 |
| Deferred revenue | 4.85M | 1.41M | 1.63M | 2.53M | 679,000 |
| Tax payable | — | — | — | 401,000 | 155,000 |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 10.98M | 12.85M | 14.61M | 10.59M | — |
| Provision for risks and charges | 5.39M | 6.70M | 7.15M | 7.56M | 6.43M |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 3.26M | 4.35M | 3.95M | 4.22M | 1.89M |
| Shareholders equity | |||||
| Common stock | 16,000 | 16,000 | 15,000 | 15,000 | 15,000 |
| Retained earnings | -264.30M | -222.63M | -168.06M | -138.39M | -117.45M |
| Other shareholders equity | -2.48M | -2.75M | -587,000 | -259,000 | -2.69M |
| Total shareholders equity | 254.42M | 270.85M | 302.13M | 219.91M | 216.61M |
| Additional paid in capital | 521.18M | 496.21M | 470.76M | 358.54M | 336.73M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | -41.67M | -54.58M | -29.67M | -20.93M | -12.88M | 13.94M | 1.84M | -14.20M |
| Depreciation | 16.03M | 15.70M | 15.06M | 13.69M | 9.56M | 8.29M | 7.92M | 8.10M |
| Deferred Taxes | 7,000 | 4,000 | 37,000 | -11,000 | 3.04M | -1.31M | -424,000 | 226,000 |
| Stock-Based Compensation | 25.83M | 26.76M | 37.72M | 25.46M | 9.73M | 4.81M | 369,000 | 308,000 |
| Other Non-Cash Items | — | 2.76M | 3.25M | 2.92M | — | — | — | — |
| Accounts Receivable | -1.68M | 2.76M | -9.51M | -4.01M | -395,000 | -13.73M | -3.52M | 569,000 |
| Accounts Payable | -4.50M | -5.90M | 3.46M | 7.31M | 844,000 | 172,000 | 2.49M | 601,000 |
| Other Assets & Liabilities | 15.72M | -2.75M | -23.41M | -11.42M | -13.52M | -8.58M | -10.29M | 5.44M |
| Operating Cash Flow | 9.74M | -15.25M | -3.05M | 13.00M | -3.62M | 3.58M | -1.62M | 1.04M |
| Investing Activities | ||||||||
| Capital Expenditures | -5.34M | -21.39M | -19.32M | -23.42M | -12.40M | -10.58M | -5.48M | -4.03M |
| Net Intangibles | — | -332,000 | -2.25M | -933,000 | -1.23M | -1.13M | — | — |
| Net Acquisitions | — | -664,000 | -291,000 | -190,000 | -17.40M | — | — | — |
| Purchase of Investments | -127.91M | -99.99M | — | — | — | — | — | — |
| Sale of Investments | 119.15M | 49.99M | — | — | — | — | — | — |
| Investing Cash Flow | -14.10M | -72.05M | -19.61M | -23.61M | -29.18M | -10.55M | -5.48M | -4.03M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | — | — | — | 15.00M | — | 16.05M | 12.50M | — |
| Long-Term Debt Payments | — | — | -428,000 | -15.12M | -55,000 | -33.42M | -15.71M | -8.33M |
| Other Financing Charges | -3.97M | -4.86M | -10.93M | -6.42M | -524,000 | — | -191,000 | -44,000 |
| Financing Cash Flow | -3.97M | -4.86M | 70.99M | -6.54M | -579,000 | 120.94M | 24.08M | 3.59M |
| Other Cash Details | ||||||||
| End Cash Position | 53.47M | 58.08M | 146.78M | 102.57M | 117.29M | 149.52M | 36.69M | 13.50M |
| Income Tax Paid | 256,000 | 442,000 | 526,000 | 647,000 | 2.34M | 3.67M | 3.49M | 1.27M |
| Interest Paid | 40,000 | — | 117,000 | — | — | 941,000 | 1.44M | 2.06M |
| Free Cash Flow | 4.75M | -36.26M | -29.01M | -11.31M | -17.87M | -8.34M | -2.07M | 1.90M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Needham Aggressive Growth Fund | Sep 30, 2024 | 1,530,000 | 17.17M | 3.16% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,427,724 | 16.02M | 2.95% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,284,673 | 14.41M | 2.65% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 1,033,853 | 11.60M | 2.13% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 783,945 | 8.80M | 1.62% |
| Royce Small-Cap Opportunity Fund | Sep 30, 2024 | 728,069 | 8.17M | 1.50% |
| Royce Micro Cap Trust | Sep 30, 2024 | 698,185 | 7.83M | 1.44% |
| JP Morgan Small Cap Equity Fund | Sep 30, 2024 | 573,869 | 6.44M | 1.18% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 573,079 | 6.43M | 1.18% |
| Needham Small Cap Growth Fund | Sep 30, 2024 | 560,000 | 6.28M | 1.16% |
Article
nLight (LASR) Surges 5.9%: Is This an Indication of Further Gains?
nLight (LASR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Jan 17, 2025
Article
nLIGHT Provides Update on Preliminary Fourth Quarter 2024 Financial Results
CAMAS, Wash.--(BUSINESS WIRE)--nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the aerospace and defense, industrial, and microfabrication markets, today provided limited preliminary results for the fourth quarter of 2024. The Company expects to report fourth quarter 2024 revenue in the range of $46 million to $48 million, below the Company's previously announced fourth quarter guidance range of $49 million to $54 million. The Company expects.
Jan 14, 2025
Article
nLIGHT Announces Participation in 27th Annual Needham Growth Conference
CAMAS, Wash.--(BUSINESS WIRE)--nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the aerospace and defense, industrial, and microfabrication markets, today announced that Scott Keeney, President and Chief Executive Officer, and Joe Corso, Chief Financial Officer are scheduled to participate at the 27th Annual Needham Growth Conference in New York, NY, on Wednesday January 15th, 2025. In addition to hosting one-on-one meetings with investors, Mr.
Jan 6, 2025
