LASR - nLIGHT, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$86.50
DETAILS
HIGH:
$100.00
LOW:
$80.00
MEDIAN:
$83.00
CONSENSUS:
$86.50
UPSIDE:
5.95%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 261.3 | 198.5 | 209.9 | 242.1 | 270.1 | 222.8 | 176.6 | 191.4 | 138.6 | 101.3 |
| Cost of Revenue | 183.4 | 165.5 | 163.8 | 191.2 | 192.8 | 163.4 | 124.3 | 124.4 | 94.3 | 78.2 |
| Gross Profit | 78.0 | 33.0 | 46.1 | 50.8 | 77.3 | 59.4 | 52.3 | 67.0 | 44.3 | 23.2 |
| Operating Expenses | ||||||||||
| R&D Expenses | 48.0 | 45.1 | 46.2 | 53.8 | 54.8 | 41.2 | 28.1 | 21.1 | 15.1 | 15.2 |
| SG&A Expenses | 54.2 | 49.3 | 45.9 | 48.3 | 52.7 | 39.2 | 34.1 | 28.8 | 19.4 | 17.3 |
| Other Expenses | 2.3 | 4.3 | 0.8 | 3.9 | 0 | 0 | 0 | (0.3) | 0 | 0 |
| Operating Expenses | 104.5 | 98.7 | 92.9 | 105.9 | 107.5 | 80.4 | 62.2 | 49.9 | 34.5 | 32.5 |
| Operating Income | ||||||||||
| Operating Income | (26.6) | (65.6) | (46.8) | (55.1) | (30.2) | (21.0) | (9.9) | 17.1 | 9.8 | (9.3) |
| Interest Expense | 1.9 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 1.3 | 2.2 |
| Interest Income | 5.0 | 1.7 | 1.3 | 0.5 | 0 | 0.1 | 2.6 | 0.7 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | (20.0) | (43.7) | (29.9) | (35.5) | (15.2) | (7.4) | (0.3) | 25.4 | 17.7 | (1.2) |
| EBIT | (20.9) | (61.3) | (45.9) | (51.2) | (30.2) | (21.0) | (9.9) | 17.0 | 9.8 | (9.3) |
| Income Before Tax | (22.8) | (60.9) | (42.6) | (54.2) | (30.0) | (20.6) | (6.8) | 17.5 | 6.7 | (12.3) |
| Income Tax Expense | 0.7 | (0.1) | (1.0) | 0.3 | (0.4) | 0.3 | 6.1 | 3.6 | 4.9 | 1.9 |
| Net Income | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 13.9 | 1.8 | (14.2) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.48 | -1.27 | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 | 0.47 | 0.07 | -0.55 |
| EPS (Diluted) | -0.48 | -1.27 | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 | 0.47 | 0.06 | -0.49 |
| Shares Outstanding | 50.9 | 47.9 | 46.1 | 44.4 | 42.1 | 38.4 | 37.1 | 29.8 | 25.8 | 25.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 98.7 | 65.8 | 53.2 | 57.8 | 146.5 | 102.3 | 117.3 | 149.5 | 36.7 | 13.5 |
| Short-Term Investments | 34.9 | 34.9 | 59.7 | 50.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 50.8 | 34.9 | 39.6 | 37.9 | 51.2 | 37.5 | 30.0 | 26.5 | 14.6 | 10.7 |
| Inventory | 45.4 | 40.8 | 52.2 | 67.6 | 73.7 | 54.7 | 46.1 | 35.3 | 29.6 | 18.8 |
| Other Current Assets | 13.3 | 17.7 | 15.9 | 10.4 | 0.1 | 0.4 | 0.2 | 7.3 | 0.1 | 0.8 |
| Total Current Assets | 243.2 | 194.1 | 220.6 | 230.8 | 277.2 | 200.6 | 198.6 | 218.6 | 84.6 | 46.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 57.1 | 57.8 | 64.9 | 74.6 | 73.1 | 56.8 | 27.7 | 21.5 | 20.2 | 20.3 |
| Goodwill | 12.4 | 12.4 | 12.4 | 12.4 | 12.4 | 12.5 | 9.9 | 1.4 | 1.4 | 1.4 |
| Intangible Assets | 0 | 0.8 | 1.7 | 4.0 | 6.7 | 8.3 | 10.0 | 2.7 | 1.8 | 1.5 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | (3.1) | 0 | 0 |
| Other Non-Current Assets | 1.6 | 5.2 | 7.3 | 7.5 | 4.1 | 5.5 | 3.7 | 6.0 | 0.3 | 0.4 |
| Total Non-Current Assets | 74.9 | 76.2 | 86.2 | 98.5 | 96.4 | 83.1 | 51.4 | 31.5 | 25.6 | 24.9 |
| Total Assets | 318.1 | 270.2 | 306.8 | 329.2 | 373.6 | 283.6 | 250.0 | 250.1 | 110.1 | 71.1 |
| Current Liabilities | ||||||||||
| Account Payables | 20.9 | 15.1 | 12.2 | 17.5 | 26.3 | 21.1 | 12.7 | 12.1 | 12.9 | 9.4 |
| Short-Term Debt | 22.8 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 2.4 | 1.3 |
| Deferred Revenue | 1.5 | 3.6 | 4.8 | 1.4 | 1.6 | 2.5 | 0.7 | 0.7 | 1.0 | 0.2 |
| Other Current Liabilities | 4.2 | 0 | 0 | 0 | 0 | 0 | 3.2 | 4.0 | 5.5 | 3.3 |
| Total Current Liabilities | 64.2 | 34.2 | 32.8 | 34.5 | 45.8 | 41.4 | 25.0 | 23.6 | 28.9 | 19.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0.0 | 15.1 | 18.4 |
| Deferred Tax Liabilities | 2.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.3 | 9.8 | 8.7 | 11.0 | 11.1 | 11.8 | 8.3 | 8.7 | 4.9 | 3.8 |
| Total Non-Current Liabilities | 27.1 | 19.6 | 19.6 | 23.9 | 25.7 | 22.4 | 8.3 | 8.8 | 20.0 | 22.1 |
| Total Liabilities | 91.4 | 53.8 | 52.4 | 58.4 | 71.5 | 63.7 | 33.4 | 32.3 | 48.9 | 41.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (348.6) | (325.1) | (264.3) | (222.6) | (168.1) | (138.4) | (117.5) | (104.7) | (118.7) | (120.5) |
| Accumulated Other Comprehensive Income | (3.1) | (3.3) | (2.5) | (2.7) | (0.6) | (0.3) | (2.7) | (2.2) | (0.7) | (3.0) |
| Total Stockholders' Equity | 226.7 | 216.4 | 254.4 | 270.8 | 302.1 | 219.9 | 216.6 | 217.8 | 61.3 | 29.7 |
| Total Liabilities & Equity | 318.1 | 270.2 | 306.8 | 329.2 | 373.6 | 283.6 | 250.0 | 250.1 | 110.1 | 71.1 |
| Debt Metrics | ||||||||||
| Total Debt | 36.2 | 12.1 | 14.2 | 15.6 | 17.7 | 13.0 | 0.1 | 0.1 | 17.5 | 19.7 |
| Net Debt | (62.5) | (53.7) | (39.1) | (42.2) | (128.9) | (89.2) | (117.2) | (149.4) | (19.2) | 6.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 13.9 | 1.8 | (14.2) |
| Depreciation & Amortization | 12.3 | 17.6 | 16.0 | 15.7 | 15.1 | 13.7 | 9.6 | 8.3 | 7.9 | 8.1 |
| Stock-Based Compensation | 33.4 | 25.0 | 25.8 | 26.8 | 37.7 | 25.5 | 9.7 | 4.8 | 0.4 | 0.3 |
| Change in Working Capital | 0.6 | 11.9 | 8.1 | (8.2) | (33.8) | (8.2) | (13.3) | (22.4) | (7.4) | 11.2 |
| Other Non-Cash Items | (1.7) | 4.6 | 1.8 | 5.8 | 3.2 | 3.0 | (0.4) | 0.0 | 1.2 | 0.3 |
| Operating Cash Flow | 21.3 | (2.4) | 10.1 | (14.5) | (7.4) | 13.0 | (4.2) | 3.3 | 3.4 | 6.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (9.0) | (7.9) | (5.3) | (21.7) | (21.6) | (24.3) | (13.6) | (11.7) | (5.5) | (4.1) |
| Acquisitions | 0 | 0 | 0 | (0.7) | (0.3) | (0.2) | (17.4) | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | (78.6) | (88.6) | (127.9) | (100.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 78.3 | 113.3 | 119.1 | 50.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.5 | 0 | 0 | 0 | (2.2) | 0 | (0.6) | 0.0 | 0.0 | 0.0 |
| Investing Cash Flow | (8.8) | 16.7 | (14.1) | (72.4) | (21.9) | (24.5) | (30.4) | (11.7) | (5.5) | (4.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | (0.4) | (0.1) | (0.1) | (17.4) | (2.8) | (8.3) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 20.1 | (4.5) | (4.0) | (4.9) | (8.2) | (6.4) | 2.5 | 0.4 | (0.2) | 0.0 |
| Financing Cash Flow | 20.1 | (1.3) | (0.9) | (1.3) | 73.7 | (3.8) | 2.5 | 121.3 | 24.4 | 3.6 |
| Cash Position | ||||||||||
| Net Change in Cash | 32.9 | 12.6 | (4.6) | (88.7) | 44.2 | (14.7) | (32.2) | 112.8 | 23.2 | 6.6 |
| Cash at Beginning | 66.1 | 53.5 | 58.1 | 146.8 | 102.6 | 117.3 | 149.5 | 36.7 | 13.5 | 6.9 |
| Cash at End | 99.0 | 66.1 | 53.5 | 58.1 | 146.8 | 102.6 | 117.3 | 149.5 | 36.7 | 13.5 |
| Free Cash Flow | 12.3 | (10.3) | 4.8 | (36.3) | (29.0) | (11.3) | (17.9) | (8.4) | (2.1) | 1.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 261.3 | 198.5 | 209.9 | 242.1 | 270.1 | 222.8 | 176.6 | 191.4 | 138.6 | 101.3 |
| Gross Profit | 78.0 | 33.0 | 46.1 | 50.8 | 77.3 | 59.4 | 52.3 | 67.0 | 44.3 | 23.2 |
| Operating Income | (26.6) | (65.6) | (46.8) | (55.1) | (30.2) | (21.0) | (9.9) | 17.1 | 9.8 | (9.3) |
| Net Income | (23.5) | (60.8) | (41.7) | (54.6) | (29.7) | (20.9) | (12.9) | 13.9 | 1.8 | (14.2) |
| EPS (Diluted) | -0.48 | -1.27 | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 | 0.47 | 0.06 | -0.49 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 98.7 | 65.8 | 53.2 | 57.8 | 146.5 | 102.3 | 117.3 | 149.5 | 36.7 | 13.5 |
| Total Assets | 318.1 | 270.2 | 306.8 | 329.2 | 373.6 | 283.6 | 250.0 | 250.1 | 110.1 | 71.1 |
| Total Debt | 36.2 | 12.1 | 14.2 | 15.6 | 17.7 | 13.0 | 0.1 | 0.1 | 17.5 | 19.7 |
| Stockholders' Equity | 226.7 | 216.4 | 254.4 | 270.8 | 302.1 | 219.9 | 216.6 | 217.8 | 61.3 | 29.7 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 21.3 | (2.4) | 10.1 | (14.5) | (7.4) | 13.0 | (4.2) | 3.3 | 3.4 | 6.0 |
| Capital Expenditure | (9.0) | (7.9) | (5.3) | (21.7) | (21.6) | (24.3) | (13.6) | (11.7) | (5.5) | (4.1) |
| Free Cash Flow | 12.3 | (10.3) | 4.8 | (36.3) | (29.0) | (11.3) | (17.9) | (8.4) | (2.1) | 1.9 |