Jim Cramer on nLIGHT: “I Find It Very Hard to Recommend This One Up Here”

Company Overview - nLIGHT, Inc. (NASDAQ: LASR) specializes in manufacturing semiconductor and fiber lasers for industrial, aerospace, and defense applications, as well as high-energy laser systems and components for precision and directed energy uses [2]. Financial Performance - nLIGHT has not been profitable for the last three years, with sales peaking at $270 million in 2021 and declining to under $200 million last year [1][2]. - The company's stock reached an all-time low earlier this year, reflecting its ongoing financial struggles [1]. Market Potential - Despite its financial challenges, there is a perception that the defense department is willing to invest in nLIGHT's technology, which may be a significant factor for potential investors [1]. - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to nLIGHT [3].