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nLight Q2 Earnings Call Highlights
['Tyrone Williams']
Daily Political
Get alerts:Second-quarter revenue rose 34% year over year to $82.6 million, including record product revenue of $59 million, up 45%.
Defense Revenue Sets Record“Demand for our products remains strong,” Keeney said, citing a growing pipeline across the company’s defense and advanced-manufacturing portfolio.
Aerospace and defense product revenue increased 72% year over year, while development revenue rose 11% to $23.2 million.
China Supply Constraints Weigh on Third-Quarter OutlookFor the third quarter, nLight forecast revenue of $63 million to $73 million, with a midpoint of $68 million.
The midpoint includes about $43 million of product revenue and $25 million of development revenue.