The following is a summary of the NLIGHT, Inc. (LASR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 revenue reached $50.5 million, a 13% increase from the previous quarter, despite a 5% decline year-over-year.

• Gross margins improved to 24%, driven by favorable sales mix and pricing, with product gross margins achieving 30%.

• The company reported a net loss on a GAAP basis of $11.7 million, or $0.25 per diluted share.

Business Progress:

• Significant progress in aerospace and defense sectors, particularly in directed energy applications and laser sensing.

• Advancements in the microfabrication sector observed with revenue stabilizing around $10-$11 million.

• Released new products in the welding market, optimizing processes for the EV and battery industries,

• Expanded relationship with EOS in additive manufacturing, enhancing integration with Corona AFX beam shaping technology.

Opportunities:

• Directed energy and laser sensing in defense sectors present continuous growth prospects, underlined by new contracts and program advancements.

• Renewed demand in microfabrication and strategic collaborations in additive manufacturing signal potential market expansion and revenue growth.

Risks:

• Increased product innovation and market expansion efforts come with execution risks, including the potential for unforeseen operational challenges and cost escalations.

More details: nLIGHT IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.