nLIGHT (LASR) to Release Quarterly Earnings on Thursday

nLIGHT (NASDAQ:LASR) is scheduled to be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. nLIGHT has set its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, beating 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 company had revenue of $51.89 million for the quarter, compared to analysts’ expectations 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 Price Performance

nLIGHT stock opened at $11.00 on Thursday. nLIGHT has a one year low of $8.13 and a one year high of $15.91. The stock has a market capitalization of $520.19 million, a PE ratio of -12.22 and a beta of 2.43. The business’s fifty day moving average is $12.62 and its 200 day moving average is $12.21.

Insider Activity at nLIGHT

In related news, CFO Joseph John Corso sold 14,105 shares of the 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 sale, the chief financial officer now directly owns 146,601 shares of the company’s stock, valued at $1,797,328.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by insiders.

About nLIGHT

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.