NASDAQ$LASR
nLIGHT Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported revenues of $50.6 million, a net loss of $11.9 million, and a non-GAAP net loss of $4.9 million.
nLIGHT, Inc. reported third-quarter revenues of $50.6 million, a decrease of 15.7% compared to the third quarter of 2022. The company's GAAP net loss was $11.9 million, or $0.26 per diluted share, while the non-GAAP net loss was $4.9 million, or $0.10 per diluted share. The company ended the quarter with approximately $112 million in cash, cash equivalents, and marketable securities.
- Generated $50.6 million of revenue, near the upper end of expectations.
- Secured new design wins in additive manufacturing and delivered initial shipments of lasers to a large global EV battery manufacturer.
- Awarded additional options on HELSI 2 contract, bringing the total value to $171 million.
- Increased cash and marketable securities balance by approximately $10 million during the quarter.
Headline financials
Revenue & EPS history
nLIGHT · Revenue · Quarterly
$50.6M
Revenue by segment
nLIGHT · $50.6M total across 2 segments · Q3 2023
- Products$38.1M-20.7%75.3%
- Development$12.5M+4.0%24.7%
Forward guidance
For the fourth quarter of 2023, nLIGHT expects revenues to be in the range of $45 million to $50 million, with an overall gross margin of 16% to 20% and Adjusted EBITDA to be in the range of $(5) million to $(2) million.
Tailwinds
- Laser Products revenue of approximately $35.5 million.
- Advanced Development revenue of approximately $12 million.
- Laser Products gross margin in the range of 20% to 25%.
- Advanced Development gross margin of approximately 7.
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 2023
+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
| Quarter | Report date | Reaction (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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