nLIGHT, Inc. Announces First Quarter 2025 Results

About this update from Nlight, Inc.

[{"type":"text","content":"\nRecord A&D revenue drives first quarter upside\n\n CAMAS, Wash.--(BUSINESS WIRE)--\nnLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for critical directed energy, optical sensing, and advanced manufacturing applications, today reported financial results for the first quarter of 2025.\n\n“I am pleased with the strong start to the year. Total revenue of $51.7 million was above the high-end of the guidance range, driven by record results in our aerospace and defense markets,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “We expect sequential revenue growth in the second quarter as we continue to ramp our defense products, and we are increasingly confident in our aerospace and defense outlook for 2025, calling for growth of at least 25% year-over-year.\"\n\nFirst Quarter 2025 Financial Highlights\n\n\n\n \n\n\n\nThree Months Ended\nMarch 31,\n\n\n\n \n\n\n\n \n\n\n\n\n\n(In thousands, except percentages)\n\n\n\n2025\n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n% Change\n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n51,668\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n44,527\n\n\n\n \n\n\n\n \n\n\n\n16.0\n\n\n\n%\n\n\n\n\n\nGross margin\n\n\n\n \n\n\n\n26.7\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n16.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n\n\nLoss from operations\n\n\n\n$\n\n\n\n(9,610\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(14,718\n\n\n\n)\n\n\n\n \n\n\n\n34.7\n\n\n\n%\n\n\n\n\n\nOperating margin\n\n\n\n \n\n\n\n(18.6\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n(33.1\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n\n\nNet loss\n\n\n\n$\n\n\n\n(8,093\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(13,766\n\n\n\n)\n\n\n\n \n\n\n\n41.2\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA(1)\n\n\n\n$\n\n\n\n116\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(4,894\n\n\n\n)\n\n\n\n \n\n\n\nNM*\n\n\n\n \n\n\n\n\n\n(1) A reconciliation of the non-GAAP metrics presented here to the most directly comparable GAAP metric has been provided in the tables included at the end of this release.\n\n\n\n\n\n*Not meaningful\n\n\n\n\nRevenues of $51.7 million for the first quarter of 2025 were up 16.0% compared to $44.5 million for the first quarter of 2024. Gross margin was 26.7% for the first quarter of 2025 compared to 16.8% for the first quarter of 2024. GAAP net loss for the first quarter of 2025 was $8.1 million, or $0.16 per diluted share, compared to net loss of $13.8 million, or $0.29 per diluted share, f...

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