NASDAQ$LASR

nLIGHT Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a strong fourth quarter and full year, exceeding revenue and gross margin guidance.

nLIGHT, Inc. reported a 53.2% increase in revenue for Q4 2020 compared to Q4 2019, with revenue reaching $65.7 million. The company's gross margin also increased to 29.9% from 23.3% in the same period last year. The growth was driven by a strong performance in the aerospace and defense sector.

  • nLIGHT delivered 26% year-over-year growth in 2020, resulting in the highest annual revenues in the company’s history.
  • The company successfully executed its strategy of expanding sales with strategic customers outside of China and in the aerospace and defense market.
  • Fourth quarter results exceeded the high-end of revenue, gross margin and Adjusted EBITDA guidance due to higher revenues and a more favorable mix of business.
  • nLIGHT believes it is well positioned to continue to outpace industry growth.

Headline financials

Total Revenue

$65.7M

Previous: $42.9M+53.2%
EPS (adj)

$0.12

Previous: -$0.06+300.0%
Adjusted EBITDA

$8.45M

No prior period
Capital Expenditures

$4.02M

Previous: $3.46M+16.2%
Free Cash Flow

-$5.67M

Previous: -$5.81M+2.3%
Net Income

-$4.52M

Previous: -$10.7M+57.8%
Operating Income

-$4.29M

Previous: -$8.97M+52.2%
Gross Profit

$19.6M

Previous: $9.99M+96.6%
Cash & Equivalents

$102M

Previous: $117M-12.8%
Total Assets

$284M

Previous: $250M+13.5%
Stock-Based Comp

$8.98M

Previous: $4.36M+105.9%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$65.7M

Q4 2020+53.2%vs Q4 2019
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

nLIGHT · $65.7M total across 2 segments · Q4 2020

  • Products
    $51.7M
  • Development
    $14M

Forward guidance

For the first quarter of 2021, nLIGHT expects revenues to be in the range of $56 million to $62 million, gross margin to be in the range of 25% to 29%, and Adjusted EBITDA to be in the range of $3 million to $6 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 Q4 2020

Historical avgQ4 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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