Nlight Inc Down 11.32% To $11.98 After Earnings Beat

Friday, August 4, 2023 - Nlight Inc (LASR) reported upside earnings and revenues today.

Nlight Inc's earnings came in at an EPS loss of $0.02 per share, 75.00% higher than estimates for an EPS loss of $0.08 per share. The firm's loss per share narrowed by 71% since reporting a loss of $0.07 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $53.3 million. That represents a 12.37% decrease in revenues from the year-ago report and is 1.78% higher than consensus estimates set at $52.4 million.

The stock is down 11.32% to $11.98 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 66. Meanwhile, the average Wall Street analyst rated the stock a Buy.

nLight Inc is a United States-based company engaged in providing semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, China, and the Rest of the world.