nLIGHT (LASR) to Release Quarterly Earnings on Thursday

nLIGHT (NASDAQ:LASR) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect nLIGHT to post earnings of ($0.19) per share for the quarter. nLIGHT has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.02. nLIGHT had a negative return on equity of 15.03% and a negative net margin of 19.85%. The business had revenue of $51.89 million during the quarter, compared to analyst estimates of $48.08 million. On average, analysts expect nLIGHT to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

nLIGHT Stock Up 0.5 %

LASR opened at $11.00 on Thursday. nLIGHT has a 52 week low of $8.13 and a 52 week high of $15.91. The business has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $12.21. The firm has a market cap of $520.19 million, a P/E ratio of -12.22 and a beta of 2.43.

Insider Transactions at nLIGHT

In other news, CFO Joseph John Corso sold 14,105 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.26, for a total transaction of $172,927.30. Following the completion of the transaction, the chief financial officer now directly owns 146,601 shares in the company, valued at $1,797,328.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.