LASR
nLIGHT, Inc.35.43
-1.07-2.93%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details 2026 growth needs
Q&A clarified that nLIGHT's 2026 revenue growth hinges on converting directed energy and sensing pipeline into funded backlog beyond the flat $162M level, with A&D capable of double-digit expansion from current backlog alone while microfabrication stays flat to down sans China. Management detailed minimal margin hit from exiting cutting/welding by repurposing talent to defense, expecting $25M-$30M industrial headwind mostly post-H1. Cash raise enables Longmont capacity ramp for beam-combined lasers starting now, supply chain investments, staffing, NPD, and opportunistic M&A. New wins essential. CEO stressed execution vigilance amid laser complexities. Investors will eye award timings for growth durability.
Key Stats
Market Cap
1.80BP/E (TTM)
-Basic EPS (TTM)
-0.89Dividend Yield
0%Recent Filings
10-K
FY2025 results
nLIGHT's FY2025 revenue surged 32% y/y to $261M, propelled by Aerospace & Defense jumping 60% to $175M on directed energy lasers and development contracts, while Laser Products margins leaped to 39% from 23% via sales mix and volume leverage. Q4 gained momentum with Industrial stabilization post prior charges, Advanced Development up 33% y/y at 12% margins from fixed-price deals. Cash swelled to $99M plus $35M securities; drew $20M LOC at 5.75%. Backlog dipped to $162M, unfunded government at $184M. U.S. government budgets could crimp quarterly momentum.
8-K
Record 2025 revenues, margins soar
nLIGHT smashed records in 2025 with full-year revenues of $261.3 million, up 31.6% year-over-year, fueled by Aerospace & Defense strength at $175.3 million. Gross margins leaped to 29.8% from 16.6%, flipping Adjusted EBITDA positive at $23.5 million. Q4 revenues hit $81.2 million, surging 71%. Q1 2026 outlook: $70-76 million revenues.
8-K
nLIGHT prices $166.5M offering
nLIGHT launched a public offering of 3,977,273 common shares at $44.00 each on February 3, 2026, expecting ~$166.5M in net proceeds for working capital and capex. Underwriters, led by Stifel, can buy 596,590 more shares; closing set for February 5. Lock-ups bind insiders for 60 days. Proceeds bolster liquidity amid market risks.
8-K
nLIGHT tops Q4 revenue guidance
nLIGHT beat Q4 2025 revenue guidance, projecting $78M-$80M versus $72M-$78M prior range, driven by Aerospace & Defense strength with Laser Products at $54M-$55M and Advanced Development at $24M-$25M. CEO Keeney highlighted solid program visibility into 2026. Results remain preliminary, subject to final adjustments.
8-K
nLIGHT adds defense CFO to board
nLIGHT appointed Gerald M. Haines II as Class I director effective January 5, 2026, with term to 2028 annual meeting, and to the Audit Committee. Haines brings CFO experience from Mercury Systems, driving aerospace/defense growth and acquisitions. Expertise bolsters governance amid defense push. No related transactions disclosed.
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