Nlight Inc Down 13.69% To $11.92 After Earnings Beat

Nlight Inc (LASR) beat out earnings estimates for Q4 2023 this afternoon.

Nlight Inc's earnings came in at an EPS loss of $0.13 per share, 7.00% higher than estimates for an EPS loss of $0.14 per share. The firm's loss per share narrowed by 52% since reporting a loss of $0.27 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.

Analyst projections for Nlight Inc revenue came in at a consensus of $48 million. Fourth-Quarter revenues surpassed estimates for $51.9 million by $3.9 million (8%). The company achieved negative 8% growth year-over-year compared to the firm's revenue of $56.7 million from the year-ago quarter. The higher earnings growth relative to revenue signals Nlight Inc has improved its profit margin.

The stock is down 13.69% to $11.92 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.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

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

Nlight Inc has performed a little above average during the past few months. Before the report, Nlight Inc received a Long-Term Technical Rank by InvestorsObserver of 59, putting it in the top half of stocks. The firm set a 52-week low on October 27, 2023 at $8.13 and set a 52-week high on June 21, 2023 at $15.91.

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.