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nLIGHT, Inc. is a leading provider of high power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications. We design, manufacture, and sell a range of high-power semiconductor lasers and fiber lasers that are typically integrated into laser systems or manufacturing tools built by our customers.
The business is unprofitable at the operating level (-10.16% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 31.6% YoY with margins expanding 22.9pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$290M
▲ +31.6% YoY
Net Income (TTM)
-$15M
▲ +61.4% YoY
Op. Margin
-6.09%
▲ +22.9pp YoY
ROIC
-4.87%
▲ +12.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$22M
▲ +219.5% YoY
Op. Cash Flow (TTM)
$31M
▲ +1004.2% YoY
Net Debt
-$317M
Net Cash Position
Cash & Equiv.
$333M
5Y CAGR: +3.2%
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