NASDAQ$LASR

nLIGHT Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

nLIGHT's first quarter performance in 2022 reflected solid revenue growth and strategic progress.

nLIGHT reported a strong first quarter in 2022, marked by solid revenue growth driven by increasing demand for its laser products. The company continues to focus on strategic initiatives to expand its market presence and technological capabilities.

  • Revenue increased to $66.7 million, up 16.2% year-over-year.
  • GAAP gross margin was 24.1%.
  • GAAP EPS was $(0.24).
  • The company provided revenue guidance for the second quarter of 2022.

Headline financials

Total Revenue

$64.5M

Previous: $61.3M+5.1%
EPS (adj)

-$0.04

Previous: $0.06-166.7%
Gross Margin

24.1%

No prior period
Capital Expenditures

-$5.02M

Previous: -$3.13M-60.1%
Free Cash Flow

-$13.6M

Previous: -$9.28M-47.0%
Net Income

-$8.62M

Previous: -$6.15M-40.2%
Operating Income

-$8.31M

Previous: -$5.78M-43.8%
Gross Profit

$16.2M

Previous: $17.6M-8.3%
Cash & Equivalents

$127M

Previous: $186M-31.8%
Total Assets

$442M

Previous: $375M+17.7%
Stock-Based Comp

$6.55M

Previous: $8.05M-18.6%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$64.5M

Q1 2022+5.1%vs Q1 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

nLIGHT · $51.9M total across 2 segments · Q4 2023

  • Products
    $37.9M-16.6%
  • Development
    $14M+24.1%

Forward guidance

nLIGHT anticipates continued growth and profitability, driven by strategic investments and increasing demand across key markets.

Tailwinds

  • Second quarter 2022 revenue is expected to be in a range of $67 million to $71 million.
  • The company is expanding its manufacturing capacity to meet growing demand.
  • nLIGHT is focused on developing next-generation laser technologies.
  • Strategic partnerships are expected to drive further market penetration.
  • Increasing demand in aerospace and defense sectors.

Headwinds

  • Global supply chain disruptions may impact production and delivery schedules.
  • Increased competition in the laser market could affect pricing and market share.
  • Fluctuations in foreign exchange rates may impact revenue.
  • Uncertainty in the global economic environment poses risks to future growth.
  • Semiconductor shortages may impact production

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.4%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+4.5%

Avg return

30 days after

56%

20 / 36 earnings

Positive

+40.0%

Q3 2020

Best reaction

-20.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.0%+21.9%-0.1%
Q4 2025-10.3%+6.5%+2.2%
Q3 2025+14.6%+11.6%+22.3%
Q1 2025+36.1%+49.1%+104.4%
Q4 2024+1.0%-0.2%-12.4%
Q3 2024-20.1%-20.9%-21.7%
Q2 2024-9.8%-12.2%-1.1%
Q1 2024+6.9%+12.6%+15.8%
Q4 2023-11.9%-4.7%-7.8%
Q3 2023+9.7%+12.6%+61.0%
Q2 2023-12.4%-17.6%-15.1%
Q1 2023+37.8%+27.8%+54.9%
Q4 2022-14.1%-11.8%-25.8%
Q3 2022-11.5%-6.5%+4.9%
Q2 2022-2.2%-10.3%-11.1%
Q1 2022-2.7%-12.3%-10.4%
Q4 2021+5.8%+5.3%+20.3%
Q3 2021-10.0%-16.6%-26.0%
Q2 2021-4.5%-8.3%-9.8%
Q1 2021+2.8%+4.3%+8.2%
Q4 2020-5.6%+2.3%-16.3%
Q3 2020+40.0%+27.2%+51.1%
Q2 2020+7.1%+2.8%-8.4%
Q1 2020+20.9%+35.0%+45.6%
Q4 2019+6.9%-8.8%-45.9%
Q3 2019+12.9%+17.5%+40.7%
Q2 2019-9.0%-4.6%-10.9%
Q1 2019-3.0%-12.5%-25.7%
Q4 2016+6.4%+7.6%+12.3%
Q4 2018-0.9%+6.2%+4.1%
Q3 2017-3.6%-5.5%-10.1%
Q3 2018+7.1%-0.1%-2.4%
Q2 2017+5.7%+7.1%-16.9%
Q2 2018+3.3%+9.2%-14.1%
Q1 2017+4.1%+1.7%-3.8%
Q1 2018+14.4%+17.7%+10.1%

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