nLIGHT, Inc. Announces First Quarter 2021 Results
nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets, today reported financial results for the first quarter of 2021.
“We delivered record first quarter revenue, which was driven by year-over-year growth in each of our end markets,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “Led by stronger demand from customers outside of China and continued execution in our A&D business, our overall revenue increased by
“Growth from strategic customers and disciplined spending enabled us to generate gross margins and Adjusted EBITDA at the high end of our Q1 guidance. We ended the quarter with approximately
First Quarter 2021 Financial Highlights |
|||||||||||
Three Months Ended March 31, |
|||||||||||
(In thousands, except percentages) |
2021 |
2020 |
% Change |
||||||||
Revenues |
$ |
61,345 |
|
$ |
43,215 |
|
42.0 |
% |
|||
Gross margin |
|
28.8 |
% |
|
22.0 |
% |
|
||||
Loss from operations |
$ |
(5,779 |
) |
$ |
(6,737 |
) |
14.2 |
% |
|||
Operating margin |
|
(9.4 |
)% |
|
(15.6 |
)% |
|
||||
Net loss |
Nlight
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Semiconductors
Semiconductors & Related Devices
United States
CAMAS
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