nLIGHT(US:LASR)2021-08-06 16:02Q2 2021 Business Highlights - nLIGHT achieved record quarterly revenues with 33% year-over-year growth[6] - The company experienced growth in all market segments: Microfabrication, Industrial, and Aerospace & Defense[6] - nLIGHT reported $69 million in revenue and a 36% Products Gross Margin[6] Revenue Performance - Microfabrication revenue increased by 42% compared to Q2 2020[7] - Industrial revenue increased by 10% compared to Q2 2020[7] - Aerospace/Defense revenue increased by 57% compared to Q2 2020[7] - China revenue decreased by 13% compared to Q2 2020[8] - Rest of World revenue increased by 64% compared to Q2 2020[8] Financial Results - Total revenue for Q2 2021 was $691 million, compared to $521 million in Q2 2020[9] - Products revenue for Q2 2021 was $536 million, compared to $451 million in Q2 2020[9] - Development revenue for Q2 2021 was $156 million, compared to $70 million in Q2 2020[9] - Gross margin increased to 294% in Q2 2021 from 250% in Q2 2020[9] - Products margin increased to 361% in Q2 2021 from 277% in Q2 2020[9] - Non-GAAP net income was $44 million in Q2 2021, compared to a loss of $01 million in Q2 2020[11] - Adjusted EBITDA was $63 million in Q2 2021, compared to $33 million in Q2 2020[11] Q3 2021 Outlook - The company projects Q3 2021 revenues between $68 million and $74 million, with a midpoint of $71 million[14] - Laser Products revenue is expected to be approximately $52 million at the midpoint[14] - Advanced Development revenue is expected to be approximately $19 million at the midpoint[14] - Q3 2021 Gross Margin is projected to be between 26% and 30%[14]