nLIGHT, Inc. reported its financial results for the third quarter of 2024 on November 7, 2024, with total revenue reaching $56.1 million, an increase of 10.9% year-over-year. The company reported a GAAP net loss of $10.3 million, or $0.21 per diluted share, and a non-GAAP net loss of $0.08 per share.
The company's aerospace and defense segment continued to be a strong performer, driving the overall revenue growth. This performance underscores the ongoing success of nLIGHT's strategic pivot towards mission-critical applications in the defense market.
For the fourth quarter of 2024, nLIGHT provided guidance expecting revenues in the range of $49 million to $54 million. This outlook reflects management's current expectations for continued business activity and market conditions.
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