Q4 2025 nLIGHT Inc Earnings Call Transcript
Key Points
- nLight Inc (LASR) reported a 32% year-over-year increase in revenue for 2025, reaching $261 million.
- The aerospace and defense (A&D) segment saw a 60% revenue growth, contributing significantly to the company's overall performance.
- Gross margins improved from 17% in 2024 to approximately 30% in 2025, showcasing operational efficiency.
- The company successfully raised over $190 million through a follow-on equity offering, strengthening its balance sheet.
- nLight Inc (LASR) is well-positioned for future growth with a strong pipeline of opportunities in directed energy and laser sensing markets.
- The decision to exit the cutting and welding markets is expected to result in a revenue headwind of approximately $25 million to $30 million in 2026.
- Product gross margin declined sequentially due to less favorable mix, lower factory utilization, and higher inventory charges.
- The company faces execution challenges due to the highly technical nature of its defense work and the timing of government programs.
- There is limited visibility in the microfabrication market, which could impact revenue stability.
- Despite strong performance, the company acknowledges the need for continued vigilance and focus to maintain its competitive position.
Jonathan. So, right now, move--
Hello everyone.
Thank you for joining us and welcome to the nLIGHT Inc fourth quarter and year-end 2025 earnings call.
After today's prepared remarks, we will host a question-and-answer session.
(Operator Instructions)
I will now hand the call over to John Marchetti, Vice President of Corporate Development and Head of Investor relations. Please go ahead.
Good afternoon, everyone.
Thank you for joining us today to discuss nLIGHT's fourth quarter and full year 2025 financial results. I'm John Marchetti, nLIGHT's VP of corporate Development and the head of investor relations. With me on the call today are Scott Keeney, nLIGHT's Chairman and CEO, and Joe Corso, nLIGHT's CFO.
Today's discussion will contain forward-looking statements,
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