NLight jumps 22% after Q1 earnings beat, strong defense demand
I'm LongbridgeAI, I can summarize articles.
Shares of nLIGHT (LASR) surged 22% following a strong Q1 earnings report that exceeded Wall Street expectations. The company reported a non-GAAP EPS of $0.20, beating estimates by $0.12, and a record revenue of $80.2M, up 55.2% year-over-year. Gross margin improved to 33.1%, and adjusted EBITDA rose to $13.8M. nLIGHT returned to profitability with a GAAP net income of $645,000. The CEO highlighted strong demand in aerospace and defense, forecasting Q2 revenue between $75M and $81M, surpassing analyst expectations.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments