NASDAQ$LASR

nLIGHT Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong third quarter 2021 financial results, driven by growth in both industrial and microfabrication applications and aerospace and defense applications.

nLIGHT reported a strong third quarter in 2021, with revenue reaching $67.8 million and earnings per diluted share at $0.04. The results were driven by growth in industrial and microfabrication, as well as aerospace and defense applications.

  • Revenue of $67.8 million, up 20.9% year-over-year
  • Earnings per diluted share of $0.04
  • Record revenue from Aerospace and Defense
  • Increasing bookings quarter-over-quarter

Headline financials

Total Revenue

$72.2M

Previous: $61.7M+17.0%
EPS (adj)

$0.08

Previous: $0.12-33.3%
Gross Margin

32.0%

Previous: 27.8%+15.1%
Capital Expenditures

-$13.6M

Previous: -$19.4M+29.7%
Free Cash Flow

-$20.5M

Previous: -$21.5M+4.6%
Net Income

-$6.88M

Previous: -$2.11M-226.1%
Operating Income

-$6.76M

Previous: -$3.98M-70.0%
Gross Profit

$21.4M

Previous: $17.2M+24.7%
Cash & Equivalents

$166M

Previous: $110M+50.3%
Total Assets

$382M

Previous: $280M+36.2%
Stock-Based Comp

$10.1M

Previous: $6.68M+50.7%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$72.2M

Q3 2021+17%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
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 expects revenue in the range of $67 million to $71 million and non-GAAP diluted earnings per share in the range of $0.07 to $0.13 for the fourth quarter of 2021.

Tailwinds

  • Revenue between $67 million and $71 million
  • Non-GAAP diluted earnings per share between $0.07 and $0.13
  • Continued growth in industrial and microfabrication applications
  • Strong demand in aerospace and defense applications
  • Increasing adoption of nLIGHT's products in key markets

Headwinds

  • Potential impact of supply chain disruptions
  • Uncertainty in the global economic environment
  • Fluctuations in foreign exchange rates
  • Increased competition in the laser market
  • Potential for delays in customer projects

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 Q3 2021

Historical avgQ3 2021

+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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