nLIGHT Inc

nLIGHT Inc

LASR · NASDAQ · Technology / Semiconductors

41.25USD-1.81 (-4.20%)

Price History

Full chart

Market Stats

Previous Close43.06
Open42.90
Day Range40.82 – 43.11
52-Week Range28.05 – 86.95
Volume547.63K
Market Cap2.19B
P/E (TTM)0.00
Forward P/E43.86
EPS-0.25
Dividend Yield0.00%
Beta2.44
50-Day Avg38.62
200-Day Avg57.49

About

nLIGHT, Inc. engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through two segments, Laser Products and Advanced Development. The company offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in aerospace and defense and industrial applications. It also provides fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. The company sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through independent sales representatives and distributors in Asia, Australia, Europe, the Middle East, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.

Company Details

  • SectorTechnology
  • IndustrySemiconductors
  • CEOMr. Scott H. Keeney
  • Employees800
  • Headquarters4637 NW 18th Avenue, Camas, WA, United States, 98607, USA
  • Websitehttps://www.nlight.net

Leadership

  • Mr. Scott H. KeeneyCo-Founder, Chairman, President & CEO · b. 1966
  • Mr. Joseph CorsoChief Financial Officer · b. 1981
  • Mr. Jason FarmerCo-Founder
  • Mr. Chris SchechterChief Operating Officer
  • Mr. James NiasVP, Corporate Controller & Chief Accounting Officer · b. 1972
  • Mr. Robert MartinsenChief Technology Officer · b. 1963
  • Ms. Kerry Hill CPAChief Administrative Officer & VP of HR
  • Mr. John Warren Marchetti M.B.A.Vice President of Corporate Development & Investor Relations · b. 1970
  • Ms. Julie Dimmick J.D.VP, General Counsel & Corporate Secretary
  • Mr. Bill WillsonManaging Director of Fiber Division

Financials

Income Statement

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue101.33M138.58M191.36M176.62M222.79M270.15M242.06M209.92M198.55M261.33M
Growth (%)-+36.77%+38.09%-7.70%+26.14%+21.26%-10.40%-13.28%-5.42%+31.62%
Cost of Revenue78.16M94.31M124.40M124.28M163.43M192.84M191.24M163.81M165.53M183.37M
Gross Profit23.17M44.27M66.96M52.34M59.36M77.31M50.82M46.11M33.02M77.96M
Gross Margin22.86%31.95%34.99%29.63%26.65%28.62%21.00%21.97%16.63%29.83%
Operating Expense32.50M34.48M49.90M62.25M80.41M107.52M105.92M92.88M98.66M104.51M
Operating Income-9.34M9.80M17.06M-9.91M-21.05M-30.22M-55.10M-46.77M-65.64M-26.55M
Operating Margin-9.22%7.07%8.92%-5.61%-9.45%-11.19%-22.76%-22.28%-33.06%-10.16%
EBITDA-1.24M17.72M25.35M-345.00K-7.36M-14.82M-35.51M-29.92M-43.75M-6.60M
EBITDA Margin-1.22%12.79%13.25%-0.20%-3.30%-5.49%-14.67%-14.25%-22.03%-2.53%
Net Income-14.20M1.84M13.94M-12.88M-20.93M-29.67M-54.58M-41.67M-60.79M-23.47M
Net Income Margin-14.02%1.33%7.28%-7.29%-9.40%-10.98%-22.55%-19.85%-30.62%-8.98%
R&D15.24M15.12M21.05M28.14M41.16M54.81M53.77M46.16M45.11M47.97M
R&D as % of Total Revenue15.04%10.91%11.00%15.93%18.48%20.29%22.21%21.99%22.72%18.36%
Interest Expense2.23M1.27M728.00K2.61M456.00K163.00K529.00K1.34M105.00K1.91M
Interest Expense % of Total Revenue2.20%0.92%0.38%1.48%0.20%0.06%0.22%0.64%0.05%0.73%

Balance Sheet

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets71.06M110.15M250.13M249.97M283.64M373.62M329.23M306.80M270.24M318.11M
Total Liabilities41.37M48.87M32.35M33.36M63.73M71.48M58.39M52.38M53.81M91.36M
Total Equity29.69M61.28M217.78M216.61M219.91M302.13M270.85M254.42M216.43M226.75M
Cash13.50M36.69M149.48M117.25M102.28M146.53M57.83M53.21M65.83M98.70M
Total Debt19.67M17.47M109.00K51.00K13.05M17.68M15.61M14.16M12.13M36.21M
Net Debt6.17M-19.22M-149.37M-117.20M-89.23M-128.86M-42.22M-39.05M-53.70M-62.49M

Cash Flow

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow5.96M3.41M3.33M-4.24M13.04M-7.44M-14.54M10.09M-2.36M21.33M
Investing Cash Flow-4.03M-5.48M-11.68M-30.40M-24.54M-21.85M-72.38M-14.10M16.69M-8.77M
Financing Cash Flow3.64M24.42M121.30M2.45M-3.77M73.74M-1.31M-859.00K-1.30M20.11M
Capital Expenditure4.06M5.48M11.71M13.63M24.35M21.56M21.72M5.34M7.93M9.03M
Free Cash Flow1.90M-2.07M-8.38M-17.87M-11.31M-29.00M-36.26M4.75M-10.29M12.30M
Dividends Paid---2.51M3.65M10.61M----
FCF to OCF31.82%-60.74%-251.24%421.43%-86.71%389.70%249.36%47.09%436.24%57.66%
Dividend Paid to FCF----14.03%-32.30%-36.57%----

Earnings

Report DateFeb 28, 2018May 23, 2018Aug 8, 2018Nov 5, 2018Feb 20, 2019May 8, 2019Aug 5, 2019Nov 4, 2019Feb 19, 2020May 6, 2020Aug 5, 2020Nov 5, 2020Feb 17, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 17, 2022May 5, 2022Aug 4, 2022Nov 3, 2022Feb 23, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 22, 2024May 2, 2024Aug 1, 2024Nov 7, 2024Feb 20, 2025May 8, 2025Aug 7, 2025Nov 6, 2025Feb 26, 2026May 7, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate0.000.080.120.120.080.040.060.02-0.05-0.16-0.040.010.060.040.070.060.03-0.08-0.06-0.08-0.14-0.16-0.08-0.08-0.14-0.19-0.13-0.08-0.20-0.19-0.220.02-0.020.08-0.03-0.12
EPS Actual0.050.100.140.150.100.020.050.01-0.06-0.08-0.180.120.120.060.090.08-0.01-0.04-0.07-0.11-0.27-0.04-0.02-0.10-0.13-0.17-0.10-0.08-0.30-0.04-0.070.08-0.080.20-0.02-0.01
Surprise-25.00%16.67%25.00%25.00%-50.00%-16.67%-50.00%-20.00%50.00%-347.25%1100.00%100.00%50.00%28.57%33.33%-133.33%50.00%-16.67%-37.50%-92.86%75.00%75.00%-25.00%7.14%10.53%23.08%0.00%-51.90%78.95%68.18%300.00%-300.00%150.00%33.33%91.67%
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap2.19B
Enterprise Value1.38B
Trailing P/E0.00
Forward P/E43.86
PEG Ratio1.78
Price / Sales6.90
Price / Book3.85
EPS-0.25
Book Value7.66
Revenue (TTM)317.72M
Gross Profit (TTM)101.62M
EBITDA2.92M
Profit Margin-4.02%
Operating Margin-2.38%
Return on Equity-3.86%
Return on Assets-1.59%
Shares Outstanding57.69M
Shares Float55.22M
Beta2.44
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 9 analystsTarget 77.13
  • Strong Buy
    8
  • Buy
    1

Ownership Breakdown

Institutions
94.63%
Insiders
2.44%
Retail / Other
2.93%

Top Institutional Holders

  • BlackRock Inc
    4.88M8.46%
  • Vanguard Capital Management, LLC
    2.40M4.16%
  • Vanguard Portfolio Management, LLC
    2.20M3.81%
  • Needham Investment Management, LLC
    1.99M3.45%
  • Driehaus Capital Management LLC
    1.99M3.44%
  • Amvescap Plc.
    1.64M2.85%
  • Geode Capital Management, LLC
    1.63M2.83%
  • Neuberger Berman Group LLC
    1.47M2.54%
  • State Street Corp
    1.28M2.22%
  • FMR Inc
    1.06M1.84%
  • JPMorgan Chase & Co
    1.03M1.78%
  • Awm Investment Company Inc
    939.01K1.63%
  • Van Eck Associates Corporation
    929.61K1.61%
  • AllianceBernstein L.P.
    913.89K1.58%

Top Fund Holders

  • Needham Aggressive Growth Retail
    1.77M3.07%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.71M2.96%
  • iShares Russell 2000 ETF
    1.42M2.46%
  • Vanguard Information Technology ETF
    1.18M2.05%
  • Invesco Semiconductors ETF
    989.92K1.72%
  • VanEck Defense ETF A USD Acc
    918.63K1.59%