NASDAQ$LASR

nLIGHT Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

nLIGHT reported a decrease in revenue and a net loss for the fourth quarter of 2019.

nLIGHT, Inc. reported a decrease in revenue for the fourth quarter of 2019, with a GAAP net loss. The company saw continued strength in aerospace and defense during the quarter. They are monitoring the evolving global impact from the COVID-19 outbreak.

  • Closed 2019 with new product and customer momentum.
  • The overall industrial market showed signs of recovery in the fourth quarter.
  • Increased customer penetration across the globe.
  • Saw continued strength in aerospace and defense during the fourth quarter, concluding a record year for this end market.

Headline financials

Total Revenue

$42.9M

Previous: $46.2M-7.1%
EPS (adj)

-$0.06

Previous: $0.10-160.0%
Capital Expenditures

$3.46M

Previous: $10.6M-67.3%
Free Cash Flow

-$5.81M

Previous: -$9.39M+38.2%
Net Income

-$10.7M

Previous: $2.36M-554.1%
Operating Income

-$8.97M

Previous: $2.22M-504.1%
Gross Profit

$9.99M

Previous: $16.5M-39.5%
Cash & Equivalents

$117M

Previous: $149M-21.6%
Total Assets

$250M

Previous: $250M-0.1%
Stock-Based Comp

$4.36M

Previous: $1.93M+125.5%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$42.9M

Q4 2019-7.1%vs Q4 2018
Beat estimate in 6 of 12 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

For the first quarter of 2020, nLIGHT expects revenues to be in the range of $37.0 million to $43.0 million, gross margin to be in the range of 17.0% to 21.0%, and Adjusted EBITDA to be in the range of a loss of $5.0 million to a loss of $2.0 million. This outlook assumes approximately $8.0 million of reduced revenue and an approximate 500 basis point reduction in gross margin related to impacts from the COVID-19 virus outbreak.

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 Q4 2019

Historical avgQ4 2019

+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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