nLIGHT (LASR) AI Stock Analysis

• Market Cap: $937.87M
• Dividend Yield: N/A
• Average Volume (3M): 942.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: 2.66%
• EPS Growth: -11.35%
• Country: US
• Employees: 800
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.04
• Shares Outstanding: 49,439,472
• 10 Day Avg. Volume: 1,010,958
• 30 Day Avg. Volume: 942,472
• PEG Ratio: -0.11
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.43
• Enterprise Value/Market Cap: 0.44
• Enterprise Value/Revenue: 0.51
• Enterprise Value/Gross Profit: 10.38
• Enterprise Value/Ebitda: -2.45
• 1Y Price Target: $17.80
• Price Target Upside: -5.97% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: $20.00 ▲(5.65%Upside)

The overall stock score is primarily influenced by financial challenges and valuation concerns, with some positive technical momentum. The strong defense segment performance partially offsets commercial market weaknesses, but the overall financial health remains a significant risk.

Positive Factors

Aerospace/Defense Sales

Record Aerospace/Defense sales of $32.7 million reported for the March quarter.

Defense Revenue Growth

LASR's Defense business, which makes up a significant portion of its revenues, increased by 49%, driven by substantial growth in product-related revenue.

Strategic Partnerships

LASR is believed to be working with key players in Israel on the Iron Beam system, indicating strategic partnerships in directed energy weapons.

Negative Factors

Commercial Business Decline

The Commercial business declined 17% year over year in Q1 and is expected to decline 15%-20% in 2025, consistent with prior expectations.

Industrial Market Weakness

The overall lower revenue was due to several factors, including continued weakness in its industrial markets and execution challenges in its microfabrication business.

Product Sales Decline

Product sales of $31.7 million were down from the $41.1 million reported in the prior quarter.

nLIGHT Business Overview & Revenue Model

Company Description

nLIGHT, Inc. (NASDAQ: LASR) is a technology company that designs, develops, and manufactures high-power semiconductor and fiber lasers. These products are primarily used in industrial, microfabrication, and aerospace and defense sectors. The company is headquartered in Camas, Washington, and is known for its innovative laser solutions that enable advanced manufacturing processes and applications.

How the Company Makes Money

nLIGHT generates revenue by selling its high-performance laser products to a diverse range of industries. The company's primary revenue streams include direct sales of semiconductor and fiber lasers to industrial manufacturers, microfabrication companies, and aerospace and defense contractors. These lasers are utilized in various applications, including welding, cutting, engraving, and 3D printing. nLIGHT also engages in partnerships and collaborations with key players in these sectors, which can contribute to its earnings through joint development projects and supply agreements. Additionally, the company may offer service and maintenance contracts for its laser systems, providing a recurring revenue stream.

nLIGHT Financial Statement Overview

Summary

nLIGHT's financial performance is challenged by declining revenues, persistent losses, and negative cash flows. Despite a relatively healthy balance sheet with low debt, the reliance on equity and operational inefficiencies pose significant risks.

Income Statement

nLIGHT's financial performance shows a declining trend in revenue and profitability. The TTM (Trailing-Twelve-Months) gross profit margin is 19.12%, and the net profit margin stands at -26.80%, indicating significant losses. Revenue decreased by approximately 3.45% from 2023 to 2024 and by 3.44% from 2024 to TTM. The EBIT and EBITDA margins are negative, reflecting consistent operational challenges.

Balance Sheet

The company's balance sheet displays a relatively healthy equity position with a debt-to-equity ratio of 0.15 in TTM. However, stockholders' equity and total assets have been declining. The equity ratio is 73.36%, indicating a strong reliance on equity financing, which provides some financial stability.

Cash Flow

Negative operating cash flow and free cash flow highlight liquidity challenges. The TTM free cash flow is -$22.41 million, showing a worsening trend compared to previous periods. The free cash flow to net income ratio is unfavorable, and the operating cash flow to net income ratio is negative, signaling inefficiencies in cash generation relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	205.69M	198.55M	209.92M	242.06M	270.15M	222.79M
Gross Profit	39.33M	33.02M	46.11M	50.82M	77.31M	59.36M
EBITDA	-46.46M	-43.27M	-29.92M	-35.54M	-15.16M	-7.36M
Net Income	-55.12M	-60.79M	-41.67M	-54.58M	-29.67M	-20.93M
Balance Sheet
Total Assets	290.00M	270.24M	306.80M	329.23M	373.62M	283.64M
Cash, Cash Equivalents and Short-Term Investments	116.72M	100.70M	112.88M	108.22M	146.53M	102.28M
Total Debt	32.62M	12.13M	14.16M	15.61M	17.68M	13.05M
Total Liabilities	77.24M	53.81M	52.38M	58.39M	71.48M	63.73M
Stockholders Equity	212.76M	216.43M	254.42M	270.85M	302.13M	219.91M
Cash Flow
Free Cash Flow	-22.41M	-10.29M	4.75M	-36.26M	-29.00M	-11.31M
Operating Cash Flow	-13.75M	-2.36M	10.09M	-14.54M	-7.44M	13.04M
Investing Cash Flow	15.80M	16.69M	-14.10M	-72.38M	-21.85M	-24.54M
Financing Cash Flow	19.08M	-1.30M	-859.00K	-1.31M	73.74M	-3.77M

nLIGHT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LASR, the sentiment is Positive. The current price of 18.93 is above the 20-day moving average (MA) of 18.60, above the 50-day MA of 14.87, and above the 200-day MA of 11.39, indicating a bullish trend. The MACD of 1.18 indicates Positive momentum. The RSI at 61.64 is Neutral, neither overbought nor oversold. The STOCH value of 63.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LASR.

nLIGHT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IPGP	66 Neutral	$3.03B	―	-9.17%	―	-20.08%	-218.29%
XPER	64 Neutral	$364.13M	―	-4.71%	―	-4.77%	84.82%
Sector *	63 Neutral	$33.76B	6.14	-11.84%	1.84%	5.29%	-18.23%
NVTS	59 Neutral	$1.18B	―	-26.43%	―	-16.95%	-2.47%
INDI	56 Neutral	$752.30M	―	-32.43%	―	-7.09%	-53.23%
LASR	54 Neutral	$937.87M	―	-24.12%	―	2.66%	-11.35%
WOLF	42 Neutral	$359.50M	―	-180.49%	―	-9.62%	-30.36%

nLIGHT Corporate Events

nLIGHT Concludes Annual Stockholders Meeting with Key Decisions

On June 10, 2025, nLIGHT, Inc. held its annual meeting of stockholders where 87.79% of the shares entitled to vote participated. During the meeting, the election of Class I directors was completed, the appointment of KPMG LLP as the independent registered public accounting firm was ratified, and the compensation for named executive officers was approved.

The most recent analyst rating on (LASR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on nLIGHT stock, see the LASR Stock Forecast page.

nLIGHT Appoints Mark Hartman to Board of Directors

On June 12, 2025, nLIGHT, Inc. announced the resignation of Douglas Carlisle from its Board of Directors, where he served since 2001, and the appointment of Mark Hartman as a Class III director with a term expiring in 2027. Hartman, a retired CFO from Woodward Inc., brings extensive experience in financial management and the aerospace and defense sectors, aligning with nLIGHT’s focus on growth opportunities in these markets.

The most recent analyst rating on (LASR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on nLIGHT stock, see the LASR Stock Forecast page.