nLIGHT, Inc. Announces Fourth Quarter and Full Year 2024 Results

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[{"type":"text","content":"\nRevenues of $198.5 million for the full year 2024\nRevenues of $47.4 million for the fourth quarter of 2024\n\n\n CAMAS, Wash.--(BUSINESS WIRE)--\nnLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the aerospace and defense, industrial, and microfabrication markets, today reported financial results for the fourth quarter and full year 2024.\n\n\n“2024 was a transformative year for nLIGHT as our defense business began to scale, with revenue growing 20% year-over-year to $110 million and representing approximately 55% of our overall sales,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “We made significant progress across multiple large directed energy contracts, while securing new program wins in laser sensing.”\n\n\nMr. Keeney continued, “I am optimistic on our business, particularly aerospace and defense, as we head into 2025. We enter the year with good visibility across multiple programs in both directed energy and laser sensing, and combined with record backlog and a healthy balance sheet, we are confident that we are well-positioned for near- and long-term growth in the aerospace and defense market.”\n\n\nFull Year 2024 Financial Highlights\n\n\n\n\n \n\n\n\n\n\n\nYear Ended December 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n(In thousands, except percentages)\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n% Change\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n$\n\n\n\n\n\n\n198,548\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n209,921\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(5.4\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nGross margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n16.6\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n22.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nLoss from operations\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(65,636\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n(46,766\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(40.3\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n\n\nOperating margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n(33.1\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(22.3\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet loss\n\n\n\n\n\n\n$\n\n\n\n\n\n\n(60,792\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n...

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