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News / Business / Clark County Business

Laser tech company nLIGHT falls short of fourth-quarter expectations

CEO optimistic of Camas-based business overall, especially in aerospace and defense

By Sarah Wolf, Columbian staff reporter
Published: January 15, 2025, 2:33pm

Camas-based nLIGHT fell short of its fourth-quarter revenue goals at the end of last year.

The laser technology company said Tuesday it expects to report in its earnings statement next month that it brought in about $46 million to $48 million in the fourth quarter of 2024 — millions less than hoped.

The company aimed to bring in about $49 million to $54 million in revenue that quarter.

Scott Keeney, nLIGHT president and CEO, said in a news release Tuesday that despite the continued challenges in the commercial market, he’s optimistic about the company overall, especially in aerospace and defense.

“We enter the year with good visibility across multiple programs in both directed energy and laser sensing, and we remain well-positioned for near- and long-term growth in aerospace and defense,” Keeney said.

The company said its lower revenue numbers resulted from industrial market weakness, challenges in the microfabrication business and the timing of delivered aerospace products.

The company employs about 900 people globally. It went public six years ago.

In nLIGHT’s early days, a huge part of its customer base was in China. The company now focuses on contract manufacturing in the United States.

nLIGHT trades on the Nasdaq as LASR. Its stock fell after Tuesday’s announcement, opening Wednesday at $9.88 per share, down from its Tuesday close at $11.09 per share. It’s traded closer to $11 since early January. It rose again Thursday, closing at $10.41 per share.

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