Welcome to our dedicated page for Nlight news (Ticker: LASR), a resource for investors and traders seeking the latest updates and insights on Nlight stock.
nLIGHT, Inc. reports developments tied to its high-power laser business for mission-critical directed energy, optical sensing, and advanced manufacturing applications. The company designs, manufactures, and sells power semiconductor lasers, fiber lasers, directed energy products, and system-level solutions through a vertically integrated model from laser chip to higher-level laser systems.
Recurring news for LASR includes quarterly and annual results, Laser Products and Advanced Development revenue trends, aerospace and defense demand, directed energy product launches such as HADES, high-energy laser conference showcases, regional operations updates, and investor conference participation. Company updates also address research and development contract activity, beam-combination technology, and applications across defense, industrial, and microfabrication markets.
nLIGHT (NASDAQ: LASR) has announced preliminary Q4 2024 results below previous guidance. The company expects to report revenue between $46-48 million, falling short of their earlier guidance of $49-54 million. This includes Laser Products revenue of $31-32 million and Advanced Development revenue of $15-16 million.
The revenue shortfall is attributed to ongoing weakness in industrial markets, execution challenges in microfabrication business, and timing issues with defense product deliveries. The company anticipates both gross margin and Adjusted EBITDA to be materially below previous guidance due to lower product revenue and non-recurring charges related to rightsizing their industrial business.
Despite these challenges, CEO Scott Keeney expressed optimism about the aerospace and defense segment heading into 2025, citing good visibility across multiple programs in directed energy and laser sensing.
nLIGHT (Nasdaq: LASR), a provider of high-power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication markets, announced its participation in the 27th Annual Needham Growth Conference in New York. Scott Keeney, President and CEO, and Joe Corso, CFO, will attend the conference on January 15th, 2025. The executives will conduct one-on-one investor meetings and deliver a webcast presentation at 2:45pm EST. The presentation will be available live and archived on nLIGHT's investor relations website.
nLIGHT (Nasdaq: LASR), a provider of high-power semiconductor and fiber lasers for aerospace, defense, industrial, and microfabrication markets, has announced its participation in three major investor events in Q4 2024:
1. Craig-Hallum Alpha Select Conference on November 19 at the Sheraton New York Times Square Hotel
2. Raymond James TMT and Consumer Conference on December 9 at the Lotte New York Palace, featuring a webcast presentation at 8:40am EST
3. 13th Annual NYC Summit on December 17 at Mastro's Steakhouse, an invitation-only event for accredited investors and analysts
nLIGHT, a provider of high-power semiconductor and fiber lasers, reported its Q3 2024 financial results. Revenues increased by 10.9% year-over-year to $56.1 million, driven by record results in Aerospace & Defense, which saw significant growth in directed energy and laser sensing programs. Gross margin improved to 22.4% from 19.6% in Q3 2023. Despite these gains, the company posted a net loss of $10.3 million, a slight improvement from a $11.9 million loss in Q3 2023. Adjusted EBITDA also improved but remained negative at -$0.994 million. nLIGHT expects Q4 2024 revenues to range between $49 million and $54 million, with an overall gross margin between 17% and 21%.
nLIGHT announces the production launch of Corona AFX-2000, a two-kilowatt laser with proprietary beam shaping technology for metal additive manufacturing. The laser has demonstrated up to three times faster print speeds for aluminum alloys compared to current large-format printers, while delivering twice the available power of state-of-the-art lasers. The AFX-2000 is integrated into nLIGHT's modulus platform, designed for ultra-high-productivity laser powder bed fusion printers. The technology has been commercially validated with a leading customer in aerospace, defense, and automotive markets.
nLIGHT, Inc. (Nasdaq: LASR) has announced the global launch of two new products: nfinity and ProcessGUARD, designed to meet advanced metal fabrication demands. nfinity optimizes beam characteristics for high-power cutting applications, increasing speed and accuracy for thick metal cutting. ProcessGUARD integrates nLIGHT Plasmo's process monitoring capability into nLIGHT lasers, eliminating the need for external optics and equipment while maximizing yield, productivity, and uptime.
These innovative products will be showcased at FABTECH in Orlando, USA (October 15-17, booth S17171) and EuroBLECH in Hanover, Germany (October 22-25, booth 11-A15). The launch aims to provide superior laser cutting and welding technologies to support the growing demands in the industrial, microfabrication, aerospace, and defense markets.
nLIGHT, Inc. (Nasdaq: LASR) has announced that it will release its financial results for the third quarter of 2024 after the financial markets close on Thursday, November 7, 2024. The company will hold a conference call and simultaneous webcast to discuss these results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Investors can access the audio webcast on the company's investor relations website at http://investors.nlight.net. A replay of the webcast will be available shortly after the call concludes. For those who prefer to dial in, the conference call can be accessed by calling 1-800-579-2543 (U.S., toll-free) or +1-785-424-1789 (international and toll), with the conference title: nLIGHT Third Quarter 2024 Earnings.
nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers, has announced the launch of two new products: WELDForm and Automatic Parameter Tuning (APT). These technologies are designed to meet the dynamic requirements of advanced battery manufacturing customers in the rapidly growing e-mobility market.
WELDForm provides melt pool stabilization to reduce spatter and defects in laser welding, enabling consistent weld penetration and profile control. APT is an AI-based solution that utilizes nLIGHT Plasmo's process observer technology for automated development of first-time-right system settings to detect welding defects, saving time and costs.
nLIGHT will showcase these new laser technologies at The Battery Show North America in Detroit, MI, from October 7-10, at booth 3438.
nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers, has announced its participation in several upcoming investor events during the third quarter of 2024. These events include:
- 13th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference (August 19, virtual)
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference (August 28, Chicago)
- Benchmark's 11th Annual Tech, Media & Telecom 1x1 Conference (September 4, New York)
- CL King's 22nd Annual Best Ideas Conference (September 16, virtual)
The company will participate in 1x1 meetings at all events, with a fireside chat scheduled during the CL King conference at 1:15pm EDT. A live and archived recording of the CL King webcast will be available on nLIGHT's investor page.
nLIGHT (NASDAQ: LASR) reported Q2 2024 revenues of $50.5M, marking a 13% increase QoQ but a 5.2% decrease YoY. Aerospace & Defense sector saw a 26% QoQ growth. The company improved its gross margin to 30%, above the guidance range. Despite this, nLIGHT reported a net loss of $11.7M, or $0.25 per diluted share, compared to a loss of $8.8M in Q2 2023. The company ended the quarter with $115M in cash and no debt. Looking ahead to Q3 2024, nLIGHT projects revenues between $53M and $58M with an overall gross margin of 22%-26% and Adjusted EBITDA between ($2M) to $1M. The company has entered a strategic partnership with EOS in additive manufacturing, aiming for long-term growth in this sector.