nLIGHT (LASR) Financials

$7.20 +0.08 (+1.12%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$7.21 +0.01 (+0.14%)

As of 04/17/2025 04:46 PM Eastern

Annual Income Statements for nLIGHT

This table shows nLIGHT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-55	-42	-61
Consolidated Net Income / (Loss)	-55	-42	-61
Net Income / (Loss) Continuing Operations	-55	-42	-61
Total Pre-Tax Income	-54	-43	-61
Total Operating Income	-55	-47	-66
Total Gross Profit	51	46	33
Total Revenue	242	210	199
Operating Revenue	242	210	199
Total Cost of Revenue	191	164	166
Operating Cost of Revenue	191	164	166
Total Operating Expenses	106	93	99
Selling, General & Admin Expense	48	46	49
Research & Development Expense	54	46	45
Restructuring Charge	3.89	0.82	4.29
Total Other Income / (Expense), net	0.87	4.12	4.77
Interest & Investment Income	0.53	1.34	1.67
Other Income / (Expense), net	0.34	2.78	3.10
Income Tax Expense	0.34	-0.98	-0.08
Basic Earnings per Share	($1.23)	($0.90)	($1.27)
Weighted Average Basic Shares Outstanding	44.44M	46.08M	47.90M
Diluted Earnings per Share	($1.23)	($0.90)	($1.27)
Weighted Average Diluted Shares Outstanding	44.44M	46.08M	47.90M
Weighted Average Basic & Diluted Shares Outstanding	45.70M	47.29M	49.03M

This table shows nLIGHT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25
Consolidated Net Income / (Loss)	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25
Net Income / (Loss) Continuing Operations	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25
Total Pre-Tax Income	-13	-23	-7.47	-10	-12	-13	-14	-12	-10	-26
Total Operating Income	-13	-23	-8.21	-12	-13	-14	-15	-13	-12	-26
Total Gross Profit	13	5.78	14	12	9.94	9.80	7.49	12	13	1.13
Total Revenue	60	57	54	53	51	52	45	51	56	47
Operating Revenue	60	57	54	53	51	52	45	51	56	47
Total Cost of Revenue	47	51	40	41	41	42	37	39	44	46
Operating Cost of Revenue	47	51	40	41	41	42	37	39	44	46
Total Operating Expenses	26	29	22	24	22	24	22	25	24	28
Selling, General & Admin Expense	14	12	11	12	12	11	12	13	13	12
Research & Development Expense	13	14	11	12	11	12	11	12	11	11
Total Other Income / (Expense), net	0.14	0.74	0.74	1.41	0.84	1.13	1.10	1.08	1.73	0.87
Interest & Investment Income	0.17	0.29	0.34	0.35	0.30	0.35	0.46	0.46	0.39	0.36
Other Income / (Expense), net	-0.03	0.45	0.40	1.06	0.54	0.78	0.64	0.62	1.33	0.51
Income Tax Expense	0.11	-0.10	0.26	-1.46	0.19	0.03	0.14	0.12	0.26	-0.60
Basic Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)
Weighted Average Basic Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M
Diluted Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)
Weighted Average Diluted Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M
Weighted Average Basic & Diluted Shares Outstanding	45.31M	45.70M	45.85M	46.51M	46.69M	47.29M	47.57M	48.13M	48.43M	49.03M

This table details how cash moves in and out of nLIGHT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-89	-4.61	13
Net Cash From Operating Activities	-15	10	-2.36
Net Cash From Continuing Operating Activities	-15	10	-2.36
Net Income / (Loss) Continuing Operations	-55	-42	-61
Consolidated Net Income / (Loss)	-55	-42	-61
Depreciation Expense	11	12	13
Amortization Expense	4.61	3.63	4.61
Non-Cash Adjustments To Reconcile Net Income	33	28	30
Changes in Operating Assets and Liabilities, net	-8.23	8.06	11
Net Cash From Investing Activities	-72	-14	17
Net Cash From Continuing Investing Activities	-72	-14	17
Purchase of Property, Plant & Equipment	-21	-5.34	-7.93
Acquisitions	-1.00	0.00	0.00
Purchase of Investments	-100	-128	-89
Sale and/or Maturity of Investments	50	119	113
Net Cash From Financing Activities	-1.31	-0.86	-1.30
Net Cash From Continuing Financing Activities	-1.31	-0.86	-1.30
Issuance of Common Equity	2.36	2.47	2.72
Other Financing Activities, net	-3.66	-3.33	-4.02
Effect of Exchange Rate Changes	-0.48	0.26	-0.41
Cash Interest Paid	0.00	0.04	0.06
Cash Income Taxes Paid	0.44	0.26	0.72

This table details how cash moves in and out of nLIGHT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-8.45	-4.36	-9.42	-6.58	10	1.12	8.10	-12	-7.93	24
Net Cash From Operating Activities	-2.79	0.01	0.64	-4.11	13	0.40	11	-4.23	-5.62	-3.89
Net Cash From Continuing Operating Activities	-2.79	0.01	0.64	-4.11	13	0.40	11	-4.23	-5.62	-3.89
Net Income / (Loss) Continuing Operations	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25
Consolidated Net Income / (Loss)	-13	-23	-7.73	-8.82	-12	-13	-14	-12	-10	-25
Depreciation Expense	2.92	2.95	3.11	3.13	3.06	3.11	3.14	3.11	3.12	3.63
Amortization Expense	1.16	1.12	0.87	0.90	0.93	0.93	1.26	0.98	1.16	1.21
Non-Cash Adjustments To Reconcile Net Income	8.10	9.66	5.51	7.80	7.81	6.56	5.49	8.12	8.28	7.70
Changes in Operating Assets and Liabilities, net	-2.02	8.94	-1.11	-7.11	13	3.05	15	-4.71	-7.84	8.54
Net Cash From Investing Activities	-4.34	-4.92	-10	-0.78	-2.34	-0.94	-1.55	-7.40	-1.98	28
Net Cash From Continuing Investing Activities	-4.34	-4.92	-10	-0.78	-2.34	-0.94	-1.55	-7.40	-1.98	28
Purchase of Property, Plant & Equipment	-3.55	-4.95	-0.68	-0.96	-2.75	-0.95	-1.56	-2.15	-1.61	-2.62
Sale and/or Maturity of Investments	-	50	25	25	44	25	24	25	34	30
Net Cash From Financing Activities	-1.04	0.31	-0.04	-1.54	-0.48	1.20	-1.62	-0.18	-0.57	1.07
Net Cash From Continuing Financing Activities	-1.04	0.31	-0.04	-1.54	-0.48	1.20	-1.62	-0.18	-0.57	1.07
Issuance of Common Equity	-	1.16	-	-	-	1.25	-	-	-	1.37
Other Financing Activities, net	-1.04	-0.84	-0.04	-2.76	-0.48	-0.05	-1.62	-1.54	-0.57	-0.30
Effect of Exchange Rate Changes	-0.28	0.24	0.02	-0.16	-0.06	0.45	-0.12	-0.11	0.24	-0.42
Cash Interest Paid	-	-	-	-	-	0.02	-	-	0.02	0.02
Cash Income Taxes Paid	0.06	0.19	0.14	0.12	0.01	-0.01	0.21	0.10	-0.01	0.41

This table presents nLIGHT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	329	307	270
Total Current Assets	231	221	194
Cash & Equivalents	58	53	66
Restricted Cash	0.25	0.26	0.26
Short-Term Investments	50	60	35
Accounts Receivable	38	40	35
Inventories, net	68	52	41
Prepaid Expenses	17	16	18
Plant, Property, & Equipment, net	61	52	47
Total Noncurrent Assets	38	34	29
Goodwill	12	12	12
Intangible Assets	4.04	1.65	0.83
Other Noncurrent Operating Assets	21	20	16
Total Liabilities & Shareholders' Equity	329	307	270
Total Liabilities	58	52	54
Total Current Liabilities	34	33	34
Accounts Payable	18	12	15
Accrued Expenses	13	13	13
Current Deferred Revenue	1.41	4.85	3.58
Other Current Liabilities	2.76	3.18	2.31
Total Noncurrent Liabilities	24	20	20
Noncurrent Deferred Revenue	6.70	5.39	5.54
Other Noncurrent Operating Liabilities	17	14	14
Total Equity & Noncontrolling Interests	271	254	216
Total Preferred & Common Equity	271	254	216
Total Common Equity	271	254	216
Common Stock	496	521	545
Retained Earnings	-223	-264	-325
Accumulated Other Comprehensive Income / (Loss)	-2.75	-2.48	-3.33

This table presents nLIGHT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	349	330	322	313	303	294	291
Total Current Assets	251	233	229	224	219	213	211
Cash & Equivalents	62	48	42	52	61	49	41
Restricted Cash	0.25	-	-	0.26	0.26	0.26	0.26
Short-Term Investments	50	60	60	60	60	65	65
Accounts Receivable	44	36	46	36	28	32	40
Inventories, net	81	67	65	62	53	52	49
Prepaid Expenses	14	22	16	16	18	13	15
Plant, Property, & Equipment, net	63	59	57	54	50	49	48
Total Noncurrent Assets	34	38	36	34	33	32	32
Goodwill	12	12	12	12	12	12	12
Intangible Assets	4.68	3.41	2.80	2.17	1.28	1.13	0.98
Other Noncurrent Operating Assets	17	22	21	20	19	19	19
Total Liabilities & Shareholders' Equity	349	330	322	313	303	294	291
Total Liabilities	63	61	57	53	58	55	56
Total Current Liabilities	39	37	36	34	38	35	36
Accounts Payable	20	18	18	14	14	13	16
Accrued Expenses	15	15	14	14	14	13	14
Current Deferred Revenue	1.74	1.27	1.37	2.02	7.58	5.65	2.92
Other Current Liabilities	2.70	3.00	3.09	3.05	3.17	2.93	2.62
Total Noncurrent Liabilities	24	24	20	20	20	20	20
Noncurrent Deferred Revenue	6.53	6.92	5.19	5.27	5.49	5.51	5.64
Other Noncurrent Operating Liabilities	17	17	15	14	15	14	14
Total Equity & Noncontrolling Interests	286	269	265	260	244	240	235
Total Preferred & Common Equity	286	269	265	260	244	240	235
Total Common Equity	286	269	265	260	244	240	235
Common Stock	490	502	508	514	525	532	538
Retained Earnings	-200	-230	-239	-251	-278	-290	-300
Accumulated Other Comprehensive Income / (Loss)	-4.07	-2.17	-3.12	-3.23	-2.59	-2.51	-2.39

This table displays calculated financial ratios and metrics derived from nLIGHT's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-10.40%	-13.28%	-5.42%
EBITDA Growth	-163.56%	28.43%	-60.73%
EBIT Growth	-83.27%	19.67%	-42.16%
NOPAT Growth	-82.35%	15.13%	-40.35%
Net Income Growth	-83.96%	23.65%	-45.89%
EPS Growth	-75.71%	26.83%	-41.11%
Operating Cash Flow Growth	-95.38%	169.39%	-123.38%
Free Cash Flow Firm Growth	22.77%	74.33%	-72.99%
Invested Capital Growth	4.36%	-12.99%	-18.27%
Revenue Q/Q Growth	-4.26%	-2.23%	-2.22%
EBITDA Q/Q Growth	-56.79%	25.27%	-34.65%
EBIT Q/Q Growth	-35.92%	17.74%	-24.63%
NOPAT Q/Q Growth	-36.82%	16.37%	-22.57%
Net Income Q/Q Growth	-34.20%	18.44%	-23.89%
EPS Q/Q Growth	-33.70%	20.35%	-23.30%
Operating Cash Flow Q/Q Growth	41.08%	4.06%	-222.10%
Free Cash Flow Firm Q/Q Growth	28.01%	14.41%	-11.09%
Invested Capital Q/Q Growth	-6.26%	-4.33%	-10.01%
Profitability Metrics	-	-	-
Gross Margin	21.00%	21.97%	16.63%
EBITDA Margin	-16.14%	-13.32%	-22.63%
Operating Margin	-22.76%	-22.28%	-33.06%
EBIT Margin	-22.62%	-20.96%	-31.50%
Profit (Net Income) Margin	-22.55%	-19.85%	-30.62%
Tax Burden Percent	100.63%	97.71%	99.88%
Interest Burden Percent	99.03%	96.95%	97.33%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-24.26%	-21.56%	-35.79%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.71%	-13.50%	-21.92%
Return on Net Nonoperating Assets (RNNOA)	5.21%	5.70%	9.97%
Return on Equity (ROE)	-19.05%	-15.87%	-25.82%
Cash Return on Invested Capital (CROIC)	-28.52%	-7.67%	-15.69%
Operating Return on Assets (OROA)	-15.58%	-13.83%	-21.67%
Return on Assets (ROA)	-15.53%	-13.10%	-21.07%
Return on Common Equity (ROCE)	-19.05%	-15.87%	-25.82%
Return on Equity Simple (ROE_SIMPLE)	-20.15%	-16.38%	-28.09%
Net Operating Profit after Tax (NOPAT)	-39	-33	-46
NOPAT Margin	-15.93%	-15.59%	-23.14%
Net Nonoperating Expense Percent (NNEP)	-12.55%	-8.06%	-13.87%
Return On Investment Capital (ROIC_SIMPLE)	-14.24%	-12.87%	-21.23%
Cost of Revenue to Revenue	79.00%	78.03%	83.37%
SG&A Expenses to Revenue	19.94%	21.86%	24.81%
R&D to Revenue	22.21%	21.99%	22.72%
Operating Expenses to Revenue	43.76%	44.24%	49.69%
Earnings before Interest and Taxes (EBIT)	-55	-44	-63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-39	-28	-45
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.70	2.48	2.35
Price to Tangible Book Value (P/TBV)	1.81	2.62	2.50
Price to Revenue (P/Rev)	1.90	3.00	2.56
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.16	3.66	3.53
Enterprise Value to Revenue (EV/Rev)	1.45	2.46	2.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	51.25	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.45	-0.42	-0.45
Leverage Ratio	1.23	1.21	1.23
Compound Leverage Factor	1.21	1.17	1.19
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	4.68	6.96	4.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	6.69	6.73	5.67
Quick Ratio	4.24	4.66	3.96
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-45	-12	-20
Operating Cash Flow to CapEx	-67.99%	189.01%	-29.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.69	0.66	0.69
Accounts Receivable Turnover	6.09	5.42	5.33
Inventory Turnover	2.71	2.74	3.56
Fixed Asset Turnover	4.15	3.72	4.00
Accounts Payable Turnover	8.72	11.04	12.15
Days Sales Outstanding (DSO)	59.93	67.37	68.46
Days Inventory Outstanding (DIO)	134.89	133.43	102.49
Days Payable Outstanding (DPO)	41.85	33.06	30.04
Cash Conversion Cycle (CCC)	152.97	167.74	140.92
Capital & Investment Metrics	-	-	-
Invested Capital	162	141	115
Invested Capital Turnover	1.52	1.38	1.55
Increase / (Decrease) in Invested Capital	6.78	-21	-26
Enterprise Value (EV)	351	517	407
Market Capitalization	459	630	508
Book Value per Share	$5.98	$5.45	$4.47
Tangible Book Value per Share	$5.62	$5.15	$4.20
Total Capital	271	254	216
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-108	-113	-101
Capital Expenditures (CapEx)	21	5.34	7.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	88	75	59
Debt-free Net Working Capital (DFNWC)	196	188	160
Net Working Capital (NWC)	196	188	160
Net Nonoperating Expense (NNE)	16	8.93	15
Net Nonoperating Obligations (NNO)	-108	-113	-101
Total Depreciation and Amortization (D&A)	16	16	18
Debt-free, Cash-free Net Working Capital to Revenue	36.27%	35.57%	29.66%
Debt-free Net Working Capital to Revenue	81.08%	89.46%	80.51%
Net Working Capital to Revenue	81.08%	89.46%	80.51%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.23)	($0.90)	($1.27)
Adjusted Weighted Average Basic Shares Outstanding	44.44M	46.08M	47.90M
Adjusted Diluted Earnings per Share	($1.23)	($0.90)	($1.27)
Adjusted Weighted Average Diluted Shares Outstanding	44.44M	46.08M	47.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.70M	47.29M	49.03M
Normalized Net Operating Profit after Tax (NOPAT)	-36	-32	-43
Normalized NOPAT Margin	-14.81%	-15.32%	-21.63%
Pre Tax Income Margin	-22.41%	-20.32%	-30.66%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from nLIGHT's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.81%	-15.97%	-16.08%	-12.37%	-15.74%	-8.45%	-17.68%	-5.24%	10.85%	-8.69%
EBITDA Growth	-223.71%	-293.14%	15.76%	0.15%	10.35%	49.82%	-153.11%	-20.76%	22.66%	-121.45%
EBIT Growth	-95.46%	-168.79%	5.76%	-1.98%	7.82%	41.16%	-80.41%	-13.54%	12.73%	-91.13%
NOPAT Growth	-92.06%	-171.15%	1.23%	-13.27%	3.47%	38.96%	-79.33%	-8.59%	5.84%	-84.28%
Net Income Growth	-88.30%	-158.96%	10.36%	14.69%	8.31%	41.58%	-78.09%	-32.94%	13.00%	-88.56%
EPS Growth	-81.25%	-155.00%	15.00%	17.39%	10.34%	45.10%	-70.59%	-31.58%	19.23%	-85.71%
Operating Cash Flow Growth	-600.25%	100.10%	109.19%	13.74%	571.83%	3,940.00%	1,666.30%	-2.99%	-142.71%	-1,062.13%
Free Cash Flow Firm Growth	-19.07%	46.78%	98.28%	102.72%	138.21%	147.61%	3,119.28%	2,063.95%	-33.83%	-33.91%
Invested Capital Growth	25.14%	4.36%	-2.92%	-5.52%	-14.75%	-12.99%	-23.49%	-23.79%	-13.11%	-18.27%
Revenue Q/Q Growth	-1.21%	-5.68%	-4.57%	-1.46%	-5.01%	2.48%	-14.19%	13.44%	11.12%	-15.59%
EBITDA Q/Q Growth	-34.90%	-112.56%	79.84%	-72.71%	-21.13%	-18.97%	-1.70%	17.60%	22.43%	-240.65%
EBIT Q/Q Growth	-24.84%	-77.14%	66.15%	-36.22%	-12.85%	-13.07%	-3.79%	14.27%	13.26%	-147.64%
NOPAT Q/Q Growth	-25.82%	-81.00%	65.07%	-42.39%	-7.23%	-14.45%	-2.62%	13.78%	7.02%	-123.99%
Net Income Q/Q Growth	-25.27%	-74.91%	65.89%	-14.14%	-34.64%	-11.44%	-3.99%	14.80%	11.89%	-141.53%
EPS Q/Q Growth	-26.09%	-75.86%	66.67%	-11.76%	-36.84%	-7.69%	-3.57%	13.79%	16.00%	-147.62%
Operating Cash Flow Q/Q Growth	41.46%	100.36%	6,340.00%	-737.73%	420.19%	-96.93%	2,715.59%	-137.19%	-32.79%	30.80%
Free Cash Flow Firm Q/Q Growth	14.17%	47.08%	96.08%	252.63%	1,107.54%	-34.08%	148.49%	9.39%	-63.08%	-34.15%
Invested Capital Q/Q Growth	0.00%	-6.26%	-0.97%	1.78%	-9.77%	-4.33%	-12.93%	1.38%	2.89%	-10.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.43%	10.20%	26.37%	22.72%	19.63%	18.89%	16.82%	23.46%	22.36%	2.39%
EBITDA Margin	-14.86%	-33.48%	-7.07%	-12.40%	-15.81%	-18.35%	-21.75%	-15.80%	-11.03%	-44.50%
Operating Margin	-21.60%	-41.45%	-15.17%	-21.92%	-24.75%	-27.64%	-33.05%	-25.12%	-21.02%	-55.78%
EBIT Margin	-21.65%	-40.67%	-14.43%	-19.94%	-23.69%	-26.14%	-31.61%	-23.89%	-18.65%	-54.71%
Profit (Net Income) Margin	-21.56%	-39.98%	-14.29%	-16.55%	-23.46%	-25.51%	-30.92%	-23.22%	-18.41%	-52.68%
Tax Burden Percent	100.86%	99.57%	103.54%	85.84%	101.60%	100.20%	101.06%	101.03%	102.59%	97.65%
Interest Burden Percent	98.72%	98.74%	95.68%	96.71%	97.47%	97.40%	96.77%	96.20%	96.24%	98.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-24.54%	-44.18%	-15.08%	-20.42%	-23.18%	-26.75%	-32.67%	-24.10%	-21.65%	-60.39%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.76%	-39.31%	-13.45%	-19.85%	-20.41%	-23.86%	-29.65%	-21.47%	-19.76%	-54.35%
Return on Net Nonoperating Assets (RNNOA)	10.26%	17.49%	5.74%	7.89%	8.40%	10.07%	13.26%	9.21%	8.74%	24.71%
Return on Equity (ROE)	-14.27%	-26.69%	-9.33%	-12.53%	-14.78%	-16.68%	-19.40%	-14.89%	-12.92%	-35.67%
Cash Return on Invested Capital (CROIC)	-40.43%	-28.52%	-20.63%	-17.75%	-8.48%	-7.67%	0.34%	0.65%	-13.14%	-15.69%
Operating Return on Assets (OROA)	-14.99%	-28.01%	-9.58%	-13.10%	-15.38%	-17.25%	-20.03%	-15.32%	-12.54%	-37.65%
Return on Assets (ROA)	-14.92%	-27.54%	-9.49%	-10.88%	-15.23%	-16.84%	-19.58%	-14.89%	-12.38%	-36.25%
Return on Common Equity (ROCE)	-14.27%	-26.69%	-9.33%	-12.53%	-14.78%	-16.68%	-19.40%	-14.89%	-12.92%	-35.67%
Return on Equity Simple (ROE_SIMPLE)	-14.23%	0.00%	-19.95%	-19.66%	-19.69%	0.00%	-19.52%	-21.13%	-20.86%	0.00%
Net Operating Profit after Tax (NOPAT)	-9.09	-16	-5.74	-8.18	-8.77	-10	-10	-8.88	-8.26	-19
NOPAT Margin	-15.12%	-29.02%	-10.62%	-15.35%	-17.32%	-19.35%	-23.14%	-17.59%	-14.71%	-39.05%
Net Nonoperating Expense Percent (NNEP)	-2.78%	-4.87%	-1.63%	-0.58%	-2.77%	-2.89%	-3.02%	-2.63%	-1.90%	-6.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-6.07%	-	-	-	-3.95%	-	-	-	-8.55%
Cost of Revenue to Revenue	77.57%	89.80%	73.63%	77.29%	80.37%	81.11%	83.18%	76.54%	77.64%	97.61%
SG&A Expenses to Revenue	22.87%	20.87%	20.65%	22.12%	23.16%	21.61%	25.93%	25.35%	23.20%	25.08%
R&D to Revenue	21.16%	23.92%	20.89%	22.52%	21.22%	23.34%	23.94%	23.23%	20.18%	24.03%
Operating Expenses to Revenue	44.03%	51.66%	41.54%	44.64%	44.38%	46.53%	49.87%	48.58%	43.38%	58.17%
Earnings before Interest and Taxes (EBIT)	-13	-23	-7.80	-11	-12	-14	-14	-12	-10	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.93	-19	-3.83	-6.61	-8.00	-9.52	-9.68	-7.98	-6.19	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	1.70	1.73	2.66	1.86	2.48	2.48	2.17	2.19	2.35
Price to Tangible Book Value (P/TBV)	1.59	1.81	1.84	2.83	1.97	2.62	2.63	2.30	2.32	2.50
Price to Revenue (P/Rev)	1.69	1.90	2.01	3.15	2.25	3.00	3.03	2.63	2.53	2.56
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.81	2.16	2.22	3.70	2.52	3.66	3.95	3.25	3.18	3.53
Enterprise Value to Revenue (EV/Rev)	1.24	1.45	1.54	2.70	1.73	2.46	2.42	2.05	2.01	2.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	38.35	51.25	23.32	19.57	210.93	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1,009.31	431.25	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.47	-0.45	-0.43	-0.40	-0.41	-0.42	-0.45	-0.43	-0.44	-0.45
Leverage Ratio	1.24	1.23	1.22	1.22	1.21	1.21	1.23	1.22	1.22	1.23
Compound Leverage Factor	1.22	1.21	1.17	1.18	1.18	1.18	1.19	1.17	1.18	1.21
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.61	4.99	4.97	7.77	5.61	7.29	6.17	5.58	5.37	5.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.48	6.69	6.35	6.34	6.68	6.73	5.73	6.10	5.83	5.67
Quick Ratio	4.03	4.24	3.93	4.10	4.38	4.66	3.88	4.21	4.07	3.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-23	-0.91	1.39	17	11	27	30	11	7.31
Operating Cash Flow to CapEx	-78.53%	0.20%	94.15%	-429.60%	478.88%	42.39%	731.04%	-197.11%	-348.67%	-148.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.69	0.66	0.66	0.65	0.66	0.63	0.64	0.67	0.69
Accounts Receivable Turnover	6.30	6.09	6.34	4.86	5.41	5.42	6.29	5.04	5.36	5.33
Inventory Turnover	2.51	2.71	2.53	2.46	2.43	2.74	2.68	2.70	2.92	3.56
Fixed Asset Turnover	4.38	4.15	3.95	3.76	3.66	3.72	3.67	3.71	3.98	4.00
Accounts Payable Turnover	7.36	8.72	8.94	8.73	10.13	11.04	10.17	10.25	10.48	12.15
Days Sales Outstanding (DSO)	57.96	59.93	57.54	75.06	67.42	67.37	58.01	72.46	68.12	68.46
Days Inventory Outstanding (DIO)	145.48	134.89	144.17	148.35	150.40	133.43	136.20	135.03	124.88	102.49
Days Payable Outstanding (DPO)	49.62	41.85	40.82	41.80	36.03	33.06	35.90	35.62	34.83	30.04
Cash Conversion Cycle (CCC)	153.82	152.97	160.90	181.61	181.78	167.74	158.32	171.87	158.17	140.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	173	162	161	164	148	141	123	125	128	115
Invested Capital Turnover	1.62	1.52	1.42	1.33	1.34	1.38	1.41	1.37	1.47	1.55
Increase / (Decrease) in Invested Capital	35	6.78	-4.84	-9.57	-26	-21	-38	-39	-19	-26
Enterprise Value (EV)	314	351	357	605	372	517	486	405	408	407
Market Capitalization	426	459	465	707	484	630	607	520	514	508
Book Value per Share	$6.34	$5.98	$5.89	$5.79	$5.58	$5.45	$5.17	$5.04	$4.89	$4.47
Tangible Book Value per Share	$5.96	$5.62	$5.54	$5.46	$5.27	$5.15	$4.88	$4.75	$4.61	$4.20
Total Capital	286	271	269	265	260	254	244	240	235	216
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-113	-108	-108	-102	-112	-113	-121	-115	-107	-101
Capital Expenditures (CapEx)	3.55	4.95	0.68	0.96	2.75	0.95	1.56	2.15	1.61	2.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	100	88	88	91	79	75	60	63	68	59
Debt-free Net Working Capital (DFNWC)	212	196	197	193	191	188	181	178	175	160
Net Working Capital (NWC)	212	196	197	193	191	188	181	178	175	160
Net Nonoperating Expense (NNE)	3.87	6.21	1.99	0.64	3.11	3.20	3.46	2.85	2.08	6.46
Net Nonoperating Obligations (NNO)	-113	-108	-108	-102	-112	-113	-121	-115	-107	-101
Total Depreciation and Amortization (D&A)	4.08	4.07	3.98	4.02	3.99	4.04	4.39	4.09	4.28	4.84
Debt-free, Cash-free Net Working Capital to Revenue	39.40%	36.27%	38.04%	40.66%	36.76%	35.57%	29.75%	31.81%	33.33%	29.66%
Debt-free Net Working Capital to Revenue	83.94%	81.08%	84.82%	86.04%	88.86%	89.46%	90.31%	89.93%	86.00%	80.51%
Net Working Capital to Revenue	83.94%	81.08%	84.82%	86.04%	88.86%	89.46%	90.31%	89.93%	86.00%	80.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)
Adjusted Weighted Average Basic Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M
Adjusted Diluted Earnings per Share	($0.29)	($0.51)	($0.17)	($0.19)	($0.26)	($0.28)	($0.29)	($0.25)	($0.21)	($0.52)
Adjusted Weighted Average Diluted Shares Outstanding	44.79M	44.44M	45.71M	45.72M	46.40M	46.08M	47.24M	47.66M	48.13M	47.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.31M	45.70M	45.85M	46.51M	46.69M	47.29M	47.57M	48.13M	48.43M	49.03M
Normalized Net Operating Profit after Tax (NOPAT)	-9.09	-16	-5.74	-8.18	-8.77	-10	-10	-8.88	-8.26	-19
Normalized NOPAT Margin	-15.12%	-29.02%	-10.62%	-15.35%	-17.32%	-19.35%	-23.14%	-17.59%	-14.71%	-39.05%
Pre Tax Income Margin	-21.38%	-40.15%	-13.80%	-19.28%	-23.09%	-25.46%	-30.59%	-22.98%	-17.95%	-53.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About nLIGHT's Financials

When does nLIGHT's financial year end?

According to the most recent income statement we have on file, nLIGHT's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has nLIGHT's net income changed over the last 2 years?

nLIGHT's net income appears to be on an upward trend, with a most recent value of -$60.79 million in 2024, rising from -$54.58 million in 2022. The previous period was -$41.67 million in 2023.

What is nLIGHT's operating income?

nLIGHT's total operating income in 2024 was -$65.64 million, based on the following breakdown:

Total Gross Profit: $33.02 million
Total Operating Expenses: $98.66 million

How has nLIGHT revenue changed over the last 2 years?

Over the last 2 years, nLIGHT's total revenue changed from $242.06 million in 2022 to $198.55 million in 2024, a change of -18.0%.

How much debt does nLIGHT have?

nLIGHT's total liabilities were at $53.81 million at the end of 2024, a 2.7% increase from 2023, and a 7.8% decrease since 2022.

How much cash does nLIGHT have?

In the past 2 years, nLIGHT's cash and equivalents has ranged from $53.21 million in 2023 to $65.83 million in 2024, and is currently $65.83 million as of their latest financial filing in 2024.

How has nLIGHT's book value per share changed over the last 2 years?

Over the last 2 years, nLIGHT's book value per share changed from 5.98 in 2022 to 4.47 in 2024, a change of -25.2%.

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This page (NASDAQ:LASR) was last updated on 4/20/2025 by MarketBeat.com Staff

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nLIGHT (LASR) Financials

Frequently Asked Questions About nLIGHT's Financials

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nLIGHT (LASR) Financials

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