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nLIGHT (LASR)

nLIGHT, Inc. is a leading provider of high-power semiconductor and fiber lasers for industrial, microfabrication, aerospace and defense applications. Its lasers are changing not only the way things are made but also the things that can be made. Headquartered in Vancouver, Washington, nLIGHT employs over 1,200 people with operations in the U.S., China, Finland, Korea and Italy.

Company profile

Ticker
LASR
Exchange
Website
CEO
Scott H. Keeney
Employees
Incorporated
Location
Fiscal year end
Former names
NLIGHT PHOTONICS CORP
SEC CIK
Subsidiaries
nLIGHT Cayman Ltd. • nLIGHT Laser Technology (Shanghai) Co., Ltd. • nLIGHT Korea, Inc. • Nutronics, Inc. • OPI Photonics S.r.l. ...

LASR stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 70.88M 70.88M 70.88M 70.88M 70.88M 70.88M
Cash burn (monthly) 21.44M 8.73M 3.45M 2.84M 1.59M 1.86M
Cash used (since last report) 33.93M 13.81M 5.46M 4.5M 2.51M 2.94M
Cash remaining 36.95M 57.07M 65.42M 66.39M 68.37M 67.94M
Runway (months of cash) 1.7 6.5 19.0 23.4 43.1 36.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 James Nias Common Stock Grant Acquire A No No 0 3,319 0 45,899
3 Aug 22 Keeney Scott H Common Stock Grant Acquire A No No 0 51,960 0 1,111,997
3 Aug 22 Joseph John Corso Common Stock Grant Acquire A No No 0 14,432 0 155,458
4 Jul 22 Keeney Scott H Common Stock Grant Acquire A No No 0 116,666 0 1,060,037
4 Jul 22 Joseph John Corso Common Stock Grant Acquire A No No 0 42,500 0 141,026
86.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 142 131 +8.4%
Opened positions 25 16 +56.3%
Closed positions 14 22 -36.4%
Increased positions 59 45 +31.1%
Reduced positions 34 47 -27.7%
13F shares Current Prev Q Change
Total value 675.85M 1.15B -41.4%
Total shares 38.97M 38.82M +0.4%
Total puts 145.4K 18K +707.8%
Total calls 1.8K 0 NEW
Total put/call ratio 80.8 Infinity NaN%
Largest owners Shares Value Change
Vanguard 4.07M $70.56M +1.4%
JPM JPMorgan Chase & Co. 3.33M $57.7M -0.2%
BLK Blackrock 2.71M $47.06M -0.0%
Wasatch Advisors 2.58M $44.71M -53.9%
TimesSquare Capital Management 1.98M $34.39M +23.4%
BK Bank Of New York Mellon 1.83M $31.69M +0.8%
Clearbridge Advisors 1.66M $28.71M +17.5%
Royce & Associates 1.49M $25.83M +49.0%
Pinnacle Associates 1.34M $23.24M +29.6%
Loomis Sayles & Co L P 1.23M $21.29M -1.9%
Largest transactions Shares Bought/sold Change
Wasatch Advisors 2.58M -3.01M -53.9%
Hood River Capital Management 740.58K +740.58K NEW
Massachusetts Financial Services 0 -595.74K EXIT
Royce & Associates 1.49M +489.83K +49.0%
TimesSquare Capital Management 1.98M +375.8K +23.4%
Senvest Management 644.13K +375K +139.3%
Pinnacle Associates 1.34M +306.43K +29.6%
Clearbridge Advisors 1.66M +246.87K +17.5%
S Squared Technology 232.73K +232.73K NEW
GS Goldman Sachs 198.41K +176.74K +815.8%

Financial report summary

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Competition
CoherentIi-ViIPG PhotonicsLumentum
Management Discussion
  • The decreases in revenue from the Industrial and Microfabrication markets for the three and six months ended June 30, 2022, compared to the same periods of 2021, were driven by decreases in unit sales in China, partially offset by increases in unit sales outside of China. The closure of our Shanghai facility for approximately two months during the second quarter of 2022 due to the COVID-19 pandemic had a negative impact on sales in China. The decreases in revenue from the Aerospace and Defense market for the three and six months ended June 30, 2022, compared to the same periods of 2021, were primarily due to decreased activity on research and development contracts.
  • The decreases in Laser Products revenue for the three and six months ended June 30, 2022, compared to the same periods of 2021, were driven by decreased sales to the Industrial and Microfabrication markets as discussed above. There was no significant change in Laser Product sales within the Aerospace and Defense market for the three and six months ended June 30, 2022, compared to the same periods of 2021. The decreases in Advanced Development revenue for the three and six months ended June 30, 2022, compared to the same periods of 2021 were primarily due to decreased activity on research and development contracts. Most of our Advanced Development revenue is generated from cost plus fixed fee research and development contracts, and all Advanced Development revenue is included in the Aerospace and Defense market.
  • Geographic revenue information is based on the location to which we ship our products. The increases in both North America and Rest of World revenue for the three and six months ended June 30, 2022, compared to the same periods of 2021, were primarily driven by increased revenue from the Industrial and Microfabrication markets, partially offset by a decrease in Development revenue from the Aerospace and Defense market. The decreases in China revenue for the three and six months ended June 30, 2022, compared to the same periods of 2021, were due to decreased sales in the Industrial and Microfabrication markets, primarily as a result of deteriorating market conditions in the Industrial market. The closure of our Shanghai facility for approximately two months during the second quarter of 2022 due to the COVID-19 pandemic also had a negative impact on sales in China.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: accumulated, approach, fourth, greater, immaterial, judgment, method, mitigate, portfolio, Prior, reclaim, salary, sale
Removed: commercialization, expand, measured, preceding, wholly

Patents

Utility
Methods, Systems and Apparatus for Reducing Waste Heat And/or Light In Fiber Lasers
11 Aug 22
In an example, the disclosed technology includes a laser source, comprising a plurality of pump elements configured to generate laser light, a controller coupled to the plurality of pump elements, configured to select individual drive current levels to be provided to respective ones of the plurality of pump elements responsive to a request for a laser power level and at least one power supply coupled to one or more of the plurality of pump elements for driving individual pump elements at selected drive currents.
Utility
Optimization of high resolution digitally encoded laser scanners for fine feature marking
9 Aug 22
Disclosed herein are laser scanning systems and methods of their use.
Utility
Functionally Homogenized Intensity Distribution for Additive Manufacturing or Other Industrial Laser Processing Applications
4 Aug 22
Disclosed are techniques for generating a laser output beam having a functionally homogenized intensity distribution.
Utility
Calibration test piece for galvanometric laser calibration
19 Jul 22
Some embodiments may include a galvanometric laser system, comprising: a laser device to generate a laser beam; an X-Y scan head module to position the laser beam on a work piece, the X-Y scan head module including a laser ingress to receive the laser beam and a laser egress to output the laser beam; a support platen located below the laser egress; an in-machine imaging system integrated with the galvanometric laser, wherein a camera of the in-machine imaging system is arranged to view a surface of an object located on the support platen using one or more optical components of the X-Y scan head module to generate assessment data associated with a calibration of the X-Y scan head module by imaging the surface of the object, wherein a calibration fiducial is located on the surface of the object.
Utility
Fiber Laser Insensitive Aiming Laser
14 Jul 22
A laser assembly comprising a multi-clad fiber optically coupled to a light source configured to emit optical radiation at a first wavelength and a protective element disposed between the light source and the multi-clad fiber so as to prevent a portion of backward-propagating optical radiation at a second wavelength from coupling into the light source.