Company Performance - nLight reported a quarterly loss of $0.10 per share, better than the Zacks Consensus Estimate of a loss of $0.12, compared to a loss of $0.02 per share a year ago, indicating an earnings surprise of 16.67% [1] - The company posted revenues of $50.51 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.64%, but down from $53.3 million year-over-year [2] - Over the last four quarters, nLight has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Outlook - nLight shares have declined approximately 10.6% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.05 on revenues of $57.97 million, and -$0.36 on revenues of $215.39 million for the current fiscal year [7] Industry Context - The Electronics - Semiconductors industry, to which nLight belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can materially affect stock performance [5][8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number 001-38462 ________________________________________________________ NLIGHT, INC. (Exact name of Registrant as specified in its charter) __________ ...

Exhibit 99.1 nLIGHT, Inc. Announces First Quarter 2024 Results Revenues of $44.5 million for the first quarter of 2024 CAMAS, Wash., May 2, 2024 - nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets, today reported financial results for the first quarter of 2024. "With total revenue of $44.5 million, Q1 results were within the range of our guidance, and we continue to believe that Q1 is our t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-K ________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38462 ____________ ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $50.6 million, down from $60.1 million in Q3 2022, indicating a year-over-year decline [27] - Product revenue decreased to $38.1 million from $48 million in the same period last year [27] - Gross margin was 20%, down from 22% in Q3 2022, while product gross margin fell to 24% from 26% [27] - Non-GAAP operating expenses were $16 million, a decrease of $3.3 million compared to $19.3 million in Q3 2022 [28] - Net loss on a non-GAAP basis was $4.9 million, compared to a loss of $5.1 million in Q3 2022 [29] Business Line Data and Key Metrics Changes - Aerospace and Defense revenue declined 6% year-over-year to $19 million, representing 38% of total revenue [5] - Core defense products revenue decreased 20% year-over-year to approximately $6.5 million due to supply chain challenges [13] - Industrial revenue declined 12% year-over-year to $19.6 million, but increased by approximately 18% compared to the previous quarter [14] - Microfabrication revenue fell 32% year-over-year to $12 million, representing 24% of total revenue [15] Market Data and Key Metrics Changes - The company is experiencing increased demand for directed energy laser technology from foreign allies, with customers shifting from developing their own lasers to purchasing from nLIGHT [11] - The company noted aggressive pricing strategies from domestic Chinese laser manufacturers in international markets [21] Company Strategy and Development Direction - The company is transitioning manufacturing from Shanghai to the U.S. and a contract manufacturer in Thailand, aiming to enhance operational efficiency [10] - nLIGHT is focusing on expanding its directed energy footprint and has secured additional options on the HELSI-2 contract, increasing its total value to $171 million [18][19] - The company is investing in new product development and has secured design wins in the industrial sector, particularly in the EV battery industry [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges but expects resolution by the end of the year, which should positively impact revenue in 2024 [55] - The company remains optimistic about long-term growth opportunities in defense and industrial sectors, particularly in additive manufacturing [34][36] - Management highlighted the importance of maintaining a strong balance sheet, ending the quarter with approximately $112 million in cash and no debt [9][38] Other Important Information - Adjusted EBITDA for Q3 2023 was a negative $1.9 million, compared to negative $1.4 million in Q3 2022 [37] - The company expects Q4 2023 revenue to be in the range of $45 million to $50 million [42] Q&A Session Summary Question: Opportunities for programs of record in defense business - Management indicated that there are no large programs of record currently, but significant development programs are ongoing, with potential for future awards contingent on demonstration success [44] Question: Market activity and HELSI contract details - Management confirmed that the HELSI-2 contract was awarded based on successful milestones from HELSI-1, and there are additional opportunities being pursued [60] Question: Changes in demand for commercial business - Management noted that demand remains relatively muted, with customers building more inventory during COVID and now operating with less safety stock [32] Question: Supply chain constraints and revenue impact - Management expects supply chain issues to resolve by early 2024, which should allow for revenue recovery from previously missed opportunities [55][76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38462 ___ ...

nLIGHT, Inc. (NASDAQ:LASR) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Joe Corso - Chief Financial Officer Scott Keeney - Chairman & Chief Executive Officer Conference Call Participants Ruben Roy - Stifel Nicholas Jim Ricchiuti - Needham & Co. Danny Eggerichs - Craig-Hallum Operator Hello, and welcome to the nLIGHT Second Quarter 2023 Earnings Conference Call. All participants are in a listen-only mode. After today’s presentation, there will be an opportunity to ask quest ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or Delaware 91-2066376 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 4637 NW 18 Avenue th Camas, Washington 9860 ...

Financial Performance - Q2 2023 total revenue was $533 million, with product revenue at $396 million and development revenue at $137 million, exceeding the midpoint of guidance[9] - Q2 2023 overall gross margin was approximately 23%, with product gross margin at approximately 29%, within the expected range[9] - Q2 2023 Non-GAAP net loss was $09 million, and Non-GAAP net loss per share (diluted) was $002[25] - Q2 2023 Adjusted EBITDA was -$02 million[25] Revenue Geography - 95% of total revenue came from non-China customers[11] - Q2 2023 revenue from non-China decreased by 12% compared to Q2 2022[12] - Q2 2023 revenue from China decreased by 10% compared to Q2 2022[12] Revenue by Market - Q2 2023 Microfabrication revenue decreased by 26% compared to Q2 2022[16] - Q2 2023 Industrial revenue decreased by 24% compared to Q2 2022[16] - Q2 2023 Aerospace/Defense product revenue increased by 9% compared to Q2 2022[16] Q3 2023 Outlook - The company expects Q3 2023 revenues to be between $47 million and $51 million, with a midpoint of $49 million[31] - The company expects Q3 2023 gross margin to be between 22% and 25%[31] - The company expects Q3 2023 Adjusted EBITDA to range from -$3 million to break-even[31]

Q1 23 Business Highlights – Overall gross margins of 26% – $1.3M of Adjusted EBITDA and positive cash flow during the quarter – Microfabrication: recovery in China and ROW with continued progress in medical lasers – Industrial: y-o-y growth in cutting segment; additive and welding remain attractive long-term growth drivers Quarterly Revenue – Geography Geography 71% 59% 60% 60% 60% 57% 60% 62% 64% 54% 67%68%67% 62%60% 65% 72% 59% 69% 72% 75% 73% 81% 89%89% 92% 91% 93% 93% $22 $25 $26 $29 $30 $35 $37 $37 $42 ...