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nLIGHT, Inc. Common Stock (symbol: LASR) is a leading innovator in the field of semiconductor and fiber lasers. Headquartered in the United States, nLIGHT is renowned for manufacturing next-generation fiber lasers that are based on industry-leading diode and fiber technology. The company leverages a vertically integrated business model to design, develop, and manufacture the critical elements of lasers. This approach enables nLIGHT to rapidly introduce innovative products, control costs, and protect its intellectual property.
nLIGHT operates through two primary segments:
- Laser Products: This segment encompasses semiconductor lasers, fiber lasers, and directed energy products. The majority of nLIGHT's revenue is generated from this segment, underscoring its importance to the company’s overall financial health.
- Advanced Development: This segment includes revenue earned from research and development contracts. It highlights nLIGHT's commitment to continuous innovation and development, particularly in applications for industrial, microfabrication, aerospace, and defense.
The company has a significant presence in several geographical markets, including North America, China, and other regions across the globe. By catering to a diverse set of industries and markets, nLIGHT ensures it can meet a wide range of customer needs and maintain a robust business model.
Among its recent achievements, nLIGHT has continued to enhance its product portfolio and expand its market reach through strategic partnerships and innovative developments. The company's vertically integrated operations not only streamline production but also enhance its ability to introduce new products rapidly and efficiently.
For those interested in the latest updates and relevant information about nLIGHT, understanding its operations and significance is essential. With a focus on delivering cutting-edge laser technology, nLIGHT stands out in the market for its technical expertise and innovation capabilities.
nLIGHT, Inc. (NASDAQ: LASR) will release its financial results for the first quarter of 2023 on May 4, 2023, after market close. The quarter ended on March 31, 2023. A conference call to discuss these results will occur on the same day at 2:00 p.m. PT (5:00 p.m. ET). Investors can join the call via a toll-free number or through a webcast accessible on the company's investor relations website. The company specializes in high-power semiconductor and fiber lasers for various applications, employing over 1,000 staff across multiple countries including the U.S., Austria, China, Finland, Korea, and Italy. For further details, please visit www.nlight.net.
Nikola Corporation (NASDAQ: NKLA) has announced that Chief Financial Officer Kim J. Brady will retire effective April 7, 2023. Anastasiya "Stasy" Pasterick, currently Vice President, Corporate Controller, will succeed him. Pasterick will lead Nikola's finance and accounting teams, focusing on investor relations, strategic finance, and treasury. CEO Michael Lohscheller praises Brady's contributions during his tenure, highlighting his role in funding and taking the company public. Brady will remain at Nikola in an advisory role until April 28, 2023, to ensure a smooth transition. Pasterick has been with Nikola since 2019 and has played a crucial role in its financial operations.
nLIGHT, Inc. (NASDAQ: LASR) reported 2022 revenues of $242.1 million, down 10.4% from $270.1 million in 2021. The fourth quarter revenues were $56.7 million, a decrease of 16.0% year-over-year. Gross margins fell to 21.0% for the year and 10.2% for Q4, significantly lower than previous periods. The company incurred approximately $10 million in non-routine charges due to restructuring and inventory adjustments. nLIGHT anticipates Q1 2023 revenues between $50 million and $56 million, with a gross margin outlook of 17% to 20%.
nLIGHT, Inc. is set to release its fourth quarter 2022 financial results on February 23, 2023, after market close. The quarter ended on December 31, 2022. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results, which will be available via audio webcast on the company's investor relations website. Participants can join by dialing 1-844-763-8274 in the U.S. or +1-412-717-9224 internationally, quoting the conference title. nLIGHT specializes in high-power semiconductor and fiber lasers across various industries, employing over 1,100 people globally.
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