nLIGHT, Inc. (LASR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the operator this call is being recorded on thursday may 8 2025. i would now like to turn the conference over to john marchetti vp of corporate development and head of investor relations thank you and good afternoon everyone i'm john marchetti and likes vp of corporate development and the head of investor relations with me on the call today are scott keeney and lights chairman and ceo and Joe Corso, Penn Light's CFO. Today's discussion will contain forward-looking statements, including financial projections and plans for our business, some of which are beyond our control, including the risks and uncertainties described from time to time in our SEC filings. Our results may differ materially from those projected on today's call, and we undertake no obligation to update publicly any forward-looking statement except as required by law. During the call, we will be discussing certain non-GAAP financial measures. We have provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings release and in our earnings presentation, both of which can be found on the investor relations section of our website. I will now turn the call over to NY's Chairman and CEO, Scott King. Scott? Thank you, John. Our first quarter results represent a strong start to 2025, with revenue, gross margin, and adjusted EBITDA all above the high end of our guidance range. The outperformance was primarily driven by another quarter of record defense revenue, which represented more than 63% of total sales in the quarter, up from 49% in the same quarter a year ago. Furthermore, this growth was supported by significant expansion in our defense product sales, which grew more than 150% year over year. We are uniquely positioned to drive conti...