nLIGHT(US:LASR)2023-08-04 02:12Financial 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]