nLIGHT (LASR) Scheduled to Post Earnings on Thursday

nLIGHT (NASDAQ:LASR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect nLIGHT to post earnings of ($0.19) per share for the quarter. nLIGHT has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.02. The company had revenue of $51.89 million during the quarter, compared to analysts’ expectations of $48.08 million. nLIGHT had a negative net margin of 19.85% and a negative return on equity of 15.03%. On average, analysts expect nLIGHT to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

nLIGHT Price Performance

LASR stock remained flat at $11.53 during mid-day trading on Tuesday. 11,456 shares of the company’s stock were exchanged, compared to its average volume of 175,459. The business has a 50 day moving average of $12.44 and a 200 day moving average of $12.24. nLIGHT has a twelve month low of $8.13 and a twelve month high of $15.91.

Insider Buying and Selling

In other nLIGHT news, CFO Joseph John Corso sold 14,105 shares of nLIGHT stock in a transaction on Monday, March 18th. The stock was sold at an average price of $12.26, for a total transaction of $172,927.30. Following the completion of the sale, the chief financial officer now directly owns 146,601 shares of the company’s stock, valued at approximately $1,797,328.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is owned by insiders.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.