The following is a summary of the NLIGHT, Inc. (LASR) Q1 2024 Earnings Call Transcript:

Financial Performance:

• nLIGHT reported Q1 2024 revenue of $44.5 million, down by 18% compared to Q1 2023.

• It had gross margins of around 17% in the quarter.

• The company successfully managed to increase cash and investments to $121 million while carrying no debt.

• The net loss on a GAAP basis for Q1 stood at $13.8 million or $0.29 per diluted share.

• nLIGHT's balance sheet is strong with total cash and investments of $121.3 million by the end of the first quarter.

Business Progress:

• nLIGHT saw overall growth in Q2 2024 with promising projections for the second half.

• The company has been transitioning its manufacturing operations from China to the U.S. and increasing investments in technology and capability enhancements.

• nLIGHT is serving both commercial and defense markets and is becoming a key supplier for defense departments.

• The engineering team continues to produce innovative products.

• The company reported successful integration of their technology into programs like the Army's M-SHORAD and anticipates the unveiling of new products in the future.

• Growth opportunities have been identified in the EV battery space and there is a focus on providing customers with more reliable, high-performance lasers.

• Operational costs and spending plans are expected to remain stable throughout the year, while the projected growth in the second half could lead to profits.

More details: nLIGHT IR

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