nLIGHT Q3 revenue rises 10.5%, beats estimates on defense and space demand
LASR•nLIGHT reported Q3 revenue of $73.76 million, up 10.5% year over year and above the $68.15 million analyst consensus, while adjusted EBITDA of $11.05 million beat the $4.98 million estimate. The company expects Q4 revenue of $84 million to $90 million and adjusted EBITDA of $12 million to $18 million.
1. Quarterly results and outlook
nLIGHT said strength in defense and space markets drove its Q3 results, with revenue rising 10.5% year over year to $73.76 million, above the $68.15 million analyst estimate. Adjusted EBITDA was $11.05 million, compared with a $4.98 million consensus, and product gross margin reached a record amid ongoing supply constraints. The company expects Q4 revenue of $84 million to $90 million, gross margin of 30% to 36%, and adjusted EBITDA of $12 million to $18 million.
