NASDAQ$LASR

nLIGHT Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported revenues of $60.8 million and a gross margin of 25.3%.

nLIGHT, Inc. reported a decrease in revenues to $60.8 million, a gross margin of 25.3%, and a net loss of $(10.3) million for the second quarter of 2022. Despite operational challenges, the company saw growth in sales to Industrial customers outside of China and strong demand in Microfabrication.

  • Revenues for the second quarter of 2022 were $60.8 million, down 12.0% compared to $69.1 million for the second quarter of 2021.
  • Gross margin was 25.3% for the second quarter of 2022 compared to 29.4% for the second quarter of 2021.
  • GAAP net loss for the second quarter of 2022 was $(10.3) million, or net loss of $(0.23) per diluted share.
  • Adjusted EBITDA was $168 thousand for the second quarter.

Headline financials

Total Revenue

$60.8M

Previous: $69.1M-12.0%
EPS (adj)

-$0.07

Previous: $0.09-177.8%
Capital Expenditures

-$12.9M

Previous: -$7.96M-61.9%
Free Cash Flow

-$23.2M

Previous: -$15.9M-46.6%
Net Income

-$10.3M

Previous: -$7.89M-31.1%
Operating Income

-$10.3M

Previous: -$9.01M-14.5%
Gross Profit

$15.4M

Previous: $20.3M-24.3%
Cash & Equivalents

$70.6M

Previous: $175M-59.7%
Total Assets

$360M

Previous: $379M-4.8%
Stock-Based Comp

$6.68M

Previous: $11.6M-42.4%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$60.8M

Q2 2022-12%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

nLIGHT · $60.8M total across 2 segments · Q2 2022

  • Products
    $48.2M-10.0%
  • Development
    $12.6M-18.7%

Forward guidance

For the third quarter of 2022, nLIGHT expects revenues to be in the range of $60 million to $66 million, gross margin to be in the range of 21% to 25%, and Adjusted EBITDA to be in the range of $(1) million to $2 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 2022

Historical avgQ2 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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