NASDAQ$LASR

nLIGHT Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

nLIGHT reported Q4 2021 earnings with revenue exceeding expectations and profitability improving.

nLIGHT's Q4 2021 revenue was $71.3 million, exceeding expectations. The company reported a net loss of $1.7 million, or $0.04 per share, and a non-GAAP net income of $1.8 million, or $0.04 per share. Gross margin improved to 29.4%.

  • Q4 2021 revenue was $71.3 million, above the high end of the guidance range.
  • GAAP net loss was $1.7 million, or $0.04 per share.
  • Non-GAAP net income was $1.8 million, or $0.04 per share.
  • Gross margin was 29.4%, an increase of 280 basis points compared to Q3 2021.

Headline financials

Total Revenue

$67.5M

Previous: $65.7M+2.7%
EPS (adj)

-$0.01

Previous: $0.12-108.3%
Gross Margin

29.4%

No prior period
Capital Expenditures

$5.68M

Previous: $4.02M+41.3%
Free Cash Flow

-$15.8M

Previous: -$5.67M-178.7%
Net Income

-$1.7M

Previous: -$4.52M+62.4%
Operating Income

-$1.3M

Previous: -$4.29M+69.7%
Gross Profit

$21M

Previous: $19.6M+6.9%
Cash & Equivalents

$119M

Previous: $102M+16.7%
Total Assets

$412M

Previous: $284M+45.2%
Stock-Based Comp

$7.99M

Previous: $8.98M-11.1%

Revenue & EPS history

nLIGHT · Revenue · Quarterly

$67.5M

Q4 2021+2.7%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
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 2022, nLIGHT expects revenue in a range of $68 million to $74 million and a GAAP gross margin in a range of 27% to 29%.

Tailwinds

  • Revenue expected between $68 million and $74 million.
  • GAAP gross margin expected between 27% and 29%.

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 2021

Historical avgQ4 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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