nLIGHT(LASR) - 2024 Q3 - Quarterly Results

Revenue Performance - Revenues for Q3 2024 were $56.1 million, an increase of 10.9$50.6 million in Q3 2023[3]. - For Q4 2024, nLIGHT expects revenues to range from $49 million to$54 million, with a midpoint of 51.5 million[4]. - nLIGHT's strong performance in Microfabrication contributed to the overall revenue growth alongside Aerospace & Defense[2]. Profitability and Loss - Net loss for Q3 2024 was 10.3 million, or $0.21 per diluted share, compared to a net loss of$11.9 million, or $0.26 per diluted share in Q3 2023[3]. - The company reported a 13$35.830 million for the nine months ended September 30, 2024, compared to a net loss of $28.432 million for the same period in 2023, indicating an increase in losses of about 26$(16.423) million for the nine months ended September 30, 2024, compared to $(7.636) million for the same period in 2023, indicating a worsening of approximately 115$5) million to ($2) million[4]. - The company reported an adjusted EBITDA of$(994) thousand for the three months ended September 30, 2024, compared to $(1.919) million for the same period in 2023, showing an improvement in operational performance[18]. Cash and Investments - Cash and investments at the end of Q3 2024 were approximately$107 million, with no debt[2]. - Cash and cash equivalents decreased to $41.456 million as of September 30, 2024, down from$53.210 million at the end of 2023, reflecting a decline of approximately 22%[17]. - The cash flows from operating activities provided $1.528 million for the nine months ended September 30, 2024, a significant decrease from$9.687 million for the same period in 2023, reflecting a decline of approximately 84%[17]. Assets and Liabilities - As of September 30, 2024, nLIGHT, Inc. reported total assets of $291.294 million, a decrease from$306.803 million as of December 31, 2023, representing a decline of approximately 5%[16]. - Total current liabilities increased to $36.145 million as of September 30, 2024, compared to$32.752 million at the end of 2023, marking an increase of about 10%[16]. - The company’s total stockholders' equity decreased to $235.270 million as of September 30, 2024, from$254.419 million at the end of 2023, a decline of about 7.5%[16]. - nLIGHT, Inc. reported a decrease in inventory to $48.828 million as of September 30, 2024, down from$52.160 million at the end of 2023, representing a reduction of about 6.4%[16]. Stock-Based Compensation - Stock-based compensation for the nine months ended September 30, 2024, was $18.961 million, slightly down from$19.645 million for the same period in 2023, a decrease of about 3.5%[19].