NASDAQ$LASR

nLIGHT Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported revenues of $52.1 million and a gross margin of 25.0%.

nLIGHT, Inc. reported a revenue increase of 8.5% compared to the second quarter of 2019, driven by strong business activity in China. The company's net cash position expanded to over $105 million.

  • Revenues for the second quarter of 2020 were $52.1 million, an 8.5% increase year-over-year.
  • Gross margin for the second quarter of 2020 was 25.0%, compared to 33.0% in the second quarter of 2019.
  • GAAP net loss for the second quarter of 2020 was $(6.8) million, or $(0.18) per diluted share.
  • Net cash position expanded to over $105 million at the end of the second quarter.

Headline financials

Total Revenue

$52.1M

Previous: $48M+8.5%
EPS (adj)

-$0.18

Previous: $0.05-457.8%
Capital Expenditures

-$17M

Previous: $3.83M-545.4%
Free Cash Flow

-$23.9M

Previous: -$155K-15300.0%
Net Income

-$6.83M

Previous: -$155K-4306.5%
Operating Income

-$6.05M

Previous: $805K-851.4%
Gross Profit

$13.1M

Previous: $15.9M-17.7%
Cash & Equivalents

$121M

Previous: $143M-15.3%
Total Assets

$281M

Previous: $256M+10.1%
Stock-Based Comp

$6.04M

Previous: $2.38M+153.5%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$52.1M

Q2 2020+8.5%vs Q2 2019
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

nLIGHT · $52.1M total across 2 segments · Q2 2020

  • Products
    $45.1M
  • Development
    $7.03M

Forward guidance

For the third quarter of 2020, nLIGHT expects revenues to be in the range of $54.0 million to $60.0 million, gross margin to be in the range of 22.0% to 26.0%, and Adjusted EBITDA to be in the range of $1.0 million to $5.0 million.

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 Q2 2020

Historical avgQ2 2020

+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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