Sunday, June 26, 2022
June 26, 2022

Linkedin Pinterest

nLIGHT reports net loss for first quarter of 2022

By , Columbian Innovation Editor
Published:

Camas-based nLIGHT, which trades under the symbol LASR, reported a net loss of $8.6 million in its first quarter of 2022, according to its quarterly earnings report.

nLIGHT earned $64.5 million in revenue in the quarter, and the company had expected between $59 million to $67 million.

“Although Aerospace and Defense declined slightly year-over-year, we made excellent technical progress in Directed Energy and we increased our engagement with multiple new potential customers,” said Scott Keeney, nLIGHT’s president and chief executive officer.

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...