nLIGHT Q2 Revenue Jumps 34%, Beats Estimates; Guides Q3 Above Street
LASR has more than doubled off its 52-week low of $19.45.
Summary
nLIGHT delivered a strong Q2 with revenue up 34% YoY to $82.59M, beating the $78.58M consensus. Adjusted EBITDA of $10.73M also topped estimates. The beat was driven by robust defense demand, including new directed energy contracts, and growth in advanced manufacturing. Q3 guidance calls for revenue of $63M-$73M, excluding $17M in product revenue due to supply chain challenges, with adjusted EBITDA of $1M-$7M and gross margin of 24%-30%. This follows the $627M Joint Laser Weapon System contract win in July, reinforcing the defense pipeline. The supply chain exclusion tempers the outlook but the core business momentum is clear.
At the time of this announcement, LASR was trading at $63.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $19.45 to $86.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.