nLIGHT had a strong Q2 performance with revenue and gross margins increasing, eyes future growth

From Investing.com: 2024-08-04 18:16:53

nLIGHT Corporation (NASDAQ: LASR) reported a strong Q2 with revenue increasing 13% to $50.5 million. Aerospace and defense sectors saw significant growth, while commercial markets remained stable. Gross margins improved to 24%, with product gross margin reaching 30%. The company ended Q2 with $115 million in cash and no debt, signaling continued growth ahead.

Q3 revenue expected to range between $53 million and $58 million, with a gross margin forecast of 22% to 26%. Anticipates sequential revenue growth in Q3. 1-megawatt and 50-kilowatt laser development, new welding products, and partnership with EOS highlight future growth potential. Company remains well-positioned with a strong balance sheet.



Read more at Investing.com: nLIGHT sees growth with strong Q2 performance, eyes future By Investing.com