nLIGHT Inc is a technology company that specializes in the development and manufacturing of innovative laser products for a variety of applications, including industrial, medical, and aerospace markets
The company's expertise in advanced laser systems allows it to provide high-performance solutions that enhance productivity and efficiency across different sectors. With a focus on cutting-edge research and development, nLIGHT aims to lead the way in laser technology, offering products that cater to the evolving needs of its customers by delivering precise and reliable laser solutions.
Laser company nLIGHT (NASDAQLASR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 8.7% year on year to $47.38 million. On the other hand, the company expects next quarter’s revenue to be around $48 million, close to analysts’ estimates. Its non-GAAP loss of $0.30 per share was 51.9% below analysts’ consensus estimates.
Shares of laser company nLIGHT (NASDAQLASR) fell 17.1% in the afternoon session after the company reported underwhelming preliminary fourth quarter results, with sales expected to fall below the previous guidance range. Precisely, LASR expects Q4 2024 revenues of $46 million to $48 million (vs. previous estimates of $49 million to $54 million). The company blamed the weakness on "continued weakness in our industrial markets, execution challenges in our microfabrication business, and the timing of the delivery of a limited number of defense products." Consequently, profit indicators, including gross margin and adjusted EBITDA, are also expected to fall significantly below previous estimates. Overall, the results aren't encouraging and indicate challenging times ahead.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at nLIGHT (NASDAQLASR) and the best and worst performers in the electronic components industry.
Over the last six months, nLIGHT’s shares have sunk to $11.47, producing a disappointing 7.9% loss - a stark contrast to the S&P 500’s 13.7% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Laser company nLIGHT (NASDAQLASR) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 10.9% year on year to $56.13 million. On the other hand, next quarter’s revenue guidance of $51.5 million was less impressive, coming in 14.1% below analysts’ estimates. Its non-GAAP loss of $0.08 per share was also 3% above analysts’ consensus estimates.
nLIGHT Inc (NASDAQLASR) shares are trading higher by 2.8% to $13.32 Tuesday afternoon after Benchmark upgraded the stock from Hold to Speculative Buy. The company on Monday announced a $34.5 million contract for DE M-SHORAD
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
nLIGHT Inc (NASDAQLASR) shares are trading higher by 8.7% to $12.38 Monday morning after the company announced a $34.5 million contract for DE M-SHORAD
Gainers Missfresh Limited (NASDAQMF) jumped 168% to $1.38 after the company announced entry of share purchase agreements for financing and business acquisition.
