nLIGHT Provides Update on Preliminary Fourth Quarter 2024 Financial Results
nLIGHT (NASDAQ: LASR) has announced preliminary Q4 2024 results below previous guidance. The company expects to report revenue between $46-48 million, falling short of their earlier guidance of $49-54 million. This includes Laser Products revenue of $31-32 million and Advanced Development revenue of $15-16 million.
The revenue shortfall is attributed to ongoing weakness in industrial markets, execution challenges in microfabrication business, and timing issues with defense product deliveries. The company anticipates both gross margin and Adjusted EBITDA to be materially below previous guidance due to lower product revenue and non-recurring charges related to rightsizing their industrial business.
Despite these challenges, CEO Scott Keeney expressed optimism about the aerospace and defense segment heading into 2025, citing good visibility across multiple programs in directed energy and laser sensing.
nLIGHT (NASDAQ: LASR) ha annunciato i risultati preliminari per il quarto trimestre del 2024, inferiori alle previsioni precedenti. L'azienda prevede di riportare un fatturato compreso tra 46-48 milioni di dollari, al di sotto delle precedenti stime di 49-54 milioni di dollari. Questo include un fatturato dei prodotti laser di 31-32 milioni di dollari e fatturato dello sviluppo avanzato di 15-16 milioni di dollari.
Il calo delle entrate è attribuito a una continua debolezza nei mercati industriali, sfide nella realizzazione nel settore della microfabbricazione e problemi di tempistiche nella consegna dei prodotti per la difesa. L'azienda prevede che sia il margine lordo che l'EBITDA rettificato saranno sostanzialmente al di sotto delle previsioni precedenti a causa di un minor fatturato dei prodotti e di oneri non ricorrenti legati alla razionalizzazione delle loro attività industriali.
Nonostante queste sfide, il CEO Scott Keeney ha espresso ottimismo riguardo al segmento aerospaziale e della difesa per il 2025, citando una buona visibilità su diversi programmi nel settore dell'energia diretta e del rilevamento laser.
nLIGHT (NASDAQ: LASR) ha anunciado resultados preliminares para el cuarto trimestre de 2024 por debajo de la guía anterior. La compañía espera reportar ingresos entre 46-48 millones de dólares, por debajo de su guía anterior de 49-54 millones de dólares. Esto incluye ingresos de Productos Láser de 31-32 millones de dólares y ingresos de Desarrollo Avanzado de 15-16 millones de dólares.
La falta de ingresos se atribuye a la debilidad continua en los mercados industriales, desafíos en la ejecución del negocio de microfabricación y problemas de temporización en las entregas de productos de defensa. La compañía anticipa que tanto el margen bruto como el EBITDA ajustado estarán materialmente por debajo de la guía anterior debido a menores ingresos por productos y cargos no recurrentes relacionados con la reestructuración de su negocio industrial.
A pesar de estos desafíos, el CEO Scott Keeney expresó optimismo sobre el segmento aeroespacial y de defensa de cara a 2025, citando buena visibilidad en varios programas de energía dirigida y detección láser.
nLIGHT (NASDAQ: LASR)는 2024년 4분기 preliminari 결과를 이전 가이던스보다 낮게 발표했습니다. 회사는 4600만-4800만 달러 사이의 수익을 보고할 것으로 예상하며, 이는 이전의 4900만-5400만 달러 가이던스보다 하향 조정된 수치입니다. 여기에는 레이저 제품 수익 3100만-3200만 달러 및 고급 개발 수익 1500만-1600만 달러가 포함됩니다.
수익 감소는 산업 시장의 지속적인 약세, 마이크로 가공 사업에서의 실행 문제, 방산 제품 배송의 일정 문제에 기인합니다. 회사는 제품 수익 감소와 산업 사업의 규모 조정과 관련된 비정기적 비용으로 인해 총 마진과 조정된 EBITDA가 이전 가이던스보다 크게 낮을 것으로 예상하고 있습니다.
이러한 어려움에도 불구하고, CEO 스콧 키니는 2025년에 항공우주 및 방산 분야에 대한 낙관적인 전망을 표명하며, 직접적인 에너지 및 레이저 감지 여러 프로그램에서의 좋은 가시성을 언급했습니다.
nLIGHT (NASDAQ: LASR) a annoncé des résultats préliminaires pour le quatrième trimestre 2024 en dessous des prévisions précédentes. L'entreprise s'attend à un chiffre d'affaires compris entre 46-48 millions de dollars, en deçà de ses prévisions antérieures de 49-54 millions de dollars. Cela inclut des revenus de produits laser de 31-32 millions de dollars et des revenus de développement avancé de 15-16 millions de dollars.
Le manque de revenus est attribué à la faiblesse persistante des marchés industriels, à des défis d'exécution dans le secteur de la microfabrication et à des problèmes de timing dans les livraisons de produits de défense. L'entreprise anticipe que la marge brute et l'EBITDA ajusté seront matériellement inférieurs aux prévisions précédentes en raison de la baisse des revenus des produits et des charges non récurrentes liées à la rationalisation de son activité industrielle.
Malgré ces défis, le PDG Scott Keeney a exprimé son optimisme quant au segment aérospatial et de défense en 2025, citant une bonne visibilité sur plusieurs programmes en énergie dirigée et détection laser.
nLIGHT (NASDAQ: LASR) hat vorläufige Ergebnisse für das vierte Quartal 2024 angekündigt, die unter der vorherigen Prognose liegen. Das Unternehmen rechnet mit Einnahmen zwischen 46-48 Millionen US-Dollar, was unter der vorherigen Prognose von 49-54 Millionen US-Dollar liegt. Dies umfasst Umsätze aus Laserprodukten von 31-32 Millionen US-Dollar sowie Umsätze aus fortgeschrittener Entwicklung von 15-16 Millionen US-Dollar.
Der Rückgang der Einnahmen wird auf die anhaltende Schwäche in den Industriemärkten, Herausforderungen bei der Umsetzung im Mikrofabrikationsgeschäft und zeitliche Probleme bei den Lieferungen von Verteidigungsprodukten zurückgeführt. Das Unternehmen erwartet, dass sowohl die Bruttomarge als auch das bereinigte EBITDA erheblich unter den vorherigen Prognosen liegen werden, bedingt durch geringere Produktumsätze und nicht wiederkehrende Kosten im Zusammenhang mit der Anpassung seines Industriegeschäfts.
Trotz dieser Herausforderungen äußerte CEO Scott Keeney Optimismus für das Luftfahrt- und Verteidigungssegment im Jahr 2025, da er auf gute Sichtbarkeit in mehreren Programmen im Bereich der gerichteten Energie und Lasersensorik hinwies.
- Strong outlook for aerospace and defense segment
- Good visibility across multiple defense programs
- Q4 revenue expected at $46-48M, below guidance of $49-54M
- Gross margin and Adjusted EBITDA to be materially below guidance
- Continued weakness in industrial markets
- Execution challenges in microfabrication business
- Delays in defense product deliveries
- Non-recurring charges from industrial business rightsizing
Insights
The preliminary Q4 results reveal concerning operational challenges at nLIGHT. Revenue expectations of
Most troubling is the triple-threat of challenges: persistent industrial market weakness, execution issues in microfabrication and defense product delivery timing problems. The mention of "non-recurring charges" related to rightsizing the industrial business suggests substantial restructuring costs that will materially impact both gross margins and Adjusted EBITDA, falling well below previous guidance.
The bright spot remains the aerospace and defense segment, which offers some visibility into 2025 through directed energy and laser sensing programs. However, the commercial market difficulties and operational execution issues overshadow this potential, raising questions about the company's ability to effectively manage its diverse portfolio and maintain profitability in challenging market conditions.
The industrial laser market dynamics revealed in nLIGHT's update point to deeper sectoral challenges. The continued weakness in industrial markets, particularly affecting their core laser products segment, suggests a broader slowdown in manufacturing and industrial automation investment. This aligns with observed patterns in capital equipment spending across the sector.
The execution challenges in microfabrication are particularly noteworthy given the strategic importance of this segment for precision manufacturing applications. This could indicate either internal operational issues or intensifying competition in the high-precision laser market, where Asian manufacturers have been gaining ground.
For investors, the key concern should be the company's apparent difficulty in accurately forecasting and executing across its diverse market segments. The combination of market headwinds and internal challenges suggests a potentially prolonged period of adjustment, which could impact the company's competitive positioning in the
The Company expects to report fourth quarter 2024 revenue in the range of
“Despite the continued challenges in our commercial markets during the fourth quarter, I am optimistic about our overall business, particularly aerospace and defense, as we head into 2025,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “We enter the year with good visibility across multiple programs in both directed energy and laser sensing, and we remain well-positioned for near- and long-term growth in aerospace and defense.”
Scott Keeney, nLIGHT’s President and Chief Executive Officer, and Joe Corso, nLIGHT’s Chief Financial Officer are scheduled to participate in the 27th Annual Needham Growth Conference in
Fourth Quarter and Full-Year 2024 Conference Call Details
A conference call and simultaneous webcast to discuss nLIGHT’s fourth quarter and full-year 2024 results will be held on Thursday, February 27, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). An audio webcast will be available on the investor relations section of the company's web site at http://investors.nlight.net. A replay of the webcast will be available shortly after the conclusion of the call.
Access to the conference call will also be available by dialing 1-800-549-8228 (
Safe Harbor Statement
Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Words such as “outlook,” “guidance,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions may identify these forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding expected revenues, our business strategy and our ability to grow our business, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements, including but not limited to our ability to compete successfully in the markets for our products; changes in the markets we serve or in the global economy; our ability to increase our volumes and decrease our costs to offset potential declines in the average selling prices of our products; rapid technological changes in the markets that we participate in; our ability to develop and maintain products that can achieve market acceptance; our ability to generate sufficient revenues to achieve or maintain profitability in the future; our high levels of fixed costs and inventory and their effect on our gross profits and results of operations if demand for our products declines or we maintain excess inventory levels; our ability to manage growth and spending during economic downturns; our manufacturing capacity and operations and their suitability for future levels of demand; our reliance on third parties to manufacture certain of our products and product components; our reliance on a small number of customers for a significant portion of our revenues; our ability to manage risks associated with international customers and operations; the effect of government export and import controls on our ability to compete in international markets; our ability to protect our proprietary technology and intellectual property rights; fluctuations in our quarterly results of operations and other operating measures; and the effect on our business of claims, lawsuits, government investigations, other legal or regulatory proceedings, or commercial or contractual disputes that we are or may become involved in. Additional information concerning these and other factors can be found in nLIGHT's filings with the Securities and Exchange Commission (the “SEC”), including other risks, relevant factors and uncertainties identified in the “Risk Factors” section of nLIGHT's most recent Annual Report on Form 10-K or subsequent filings with the SEC. nLIGHT undertakes no obligation to update publicly or revise any forward-looking statements contained herein to reflect future events or developments, except as required by law.
The nLIGHT logo and “nLIGHT” are registered trademarks or trademarks of nLIGHT, Inc. in various jurisdictions.
About nLIGHT
nLIGHT, Inc. is a leading provider of high-power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. Our lasers are changing not only the way things are made but also the things that can be made. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114414034/en/
For more information, contact:
John Marchetti
VP Corporate Development and Investor Relations
nLIGHT, Inc.
(360) 566-4460
john.marchetti@nlight.net
Source: nLIGHT, Inc.
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