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Wednesday, December 6, 2023
Dec. 6, 2023

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nLIGHT optimistic amid mounting net losses

By , Columbian staff writer

Semiconductor and fibre laser provider nLIGHT reported a $8.8 million net loss in its latest quarterly earnings report. The company, headquartered in Camas, has faced financial losses in numerous quarters recently. The second-quarter report showed $53.3 million in revenue, down 12.4 percent compared with the second quarter of 2022. nLIGHT President and CEO Scott Keeney said in the earnings report that the company is facing macroeconomic headwinds but has had “recent defense program wins.” He said he’s optimistic for strong growth going into 2024.

nLIGHT trades on the Nasdaq under the ticker LASR. Its stock closed Friday at $11.83 per share, down from where it closed on Thursday at $13.51 per share.

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