NASDAQ$LASR
nLIGHT Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
nLIGHT reported a decrease in revenue and significant losses for the fourth quarter and full year 2024, primarily due to non-routine charges and increased operating expenses.
nLIGHT, Inc. reported a challenging fourth quarter and full year 2024, with revenues decreasing by 8.7% to $47.4 million for Q4 2024 compared to the previous year. The company experienced a significant GAAP net loss of $25.0 million for the quarter, an 88.6% increase from Q4 2023, largely impacted by non-routine charges of approximately $6.0 million related to inventory reserves.
- Fourth quarter 2024 revenue decreased by 8.7% year-over-year to $47.4 million.
- GAAP net loss for Q4 2024 was $25.0 million, an 88.6% increase from Q4 2023.
- Gross margin for Q4 2024 significantly declined to 2.4% from 18.9% in Q4 2023, impacted by $6.0 million in non-routine charges.
- Adjusted EBITDA for Q4 2024 was a loss of $11.3 million, a substantial increase in loss compared to $3.3 million in Q4 2023.
Headline financials
Revenue & EPS history
nLIGHT · Revenue · Quarterly
$47.4M
Revenue by segment
nLIGHT · $51.9M total across 2 segments · Q4 2023
- Products$37.9M-16.6%73.0%
- Development$14M+24.1%27.0%
Forward guidance
For the first quarter of 2025, nLIGHT expects revenues to be in the range of $45 million to $51 million, with an overall gross margin between 13% to 17%, and Adjusted EBITDA in the range of ($6) million to ($3) million.
Tailwinds
- Expected revenue range of $45 million to $51 million for Q1 2025.
- Laser Products revenue expected to be approximately $33 million in Q1 2025.
- Advanced Development revenue expected to be approximately $15 million in Q1 2025.
- Laser Products gross margin expected to be in the range of 16% to 20%.
- Optimistic outlook for aerospace and defense business heading into 2025 with good visibility across programs.
Headwinds
- Overall gross margin expected to be lower, in the range of 13% to 17% for Q1 2025.
- Advanced Development gross margin expected to be approximately 8%, indicating lower profitability for this segment.
- Adjusted EBITDA is projected to remain negative, in the range of ($6) million to ($3) million for Q1 2025.
- Uncertainty regarding unrealized and realized foreign exchange gains and losses, which are not reconciled in the Adjusted EBITDA outlook.
- Potential for continued losses as indicated by the negative Adjusted EBITDA guidance.
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 2024
+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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