On January 14, 2025, nLIGHT, Inc. provided preliminary financial results for the fourth quarter of 2024, expecting revenue in the range of $46 million to $48 million. This figure is below the company’s previously announced guidance range of $49 million to $54 million.
The anticipated revenue shortfall is attributed to several factors, including continued weakness in the industrial markets, execution challenges within the microfabrication business, and the timing of deliveries for a limited number of defense products.
Primarily due to lower overall product revenue and non-recurring charges related to efforts to rightsize the industrial business, nLIGHT expects both gross margin and Adjusted EBITDA to be materially below its prior fourth quarter guidance ranges. This indicates a more challenging quarter than initially projected.
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