NLight stock jumps 13% on strong results and higher revenue forecast
Updated
Updated · MarketWatch · May 8
NLight stock jumps 13% on strong results and higher revenue forecast
9 articles · Updated · MarketWatch · May 8
Shares hit $75 premarket after the laser maker projected second-quarter revenue of $75 million to $81 million, above analysts' $74.7 million estimate.
First-quarter revenue rose 55% to $80.2 million, beating forecasts, while nLight posted a $645,000 profit versus an $8.09 million loss a year earlier.
Aerospace and defense revenue surged nearly 70% to $55.1 million, and the company said directed-energy opportunities should support growth; the stock is up more than 76% this year.
With the Army canceling key laser programs, can NLight's pivot to defense sustain its massive stock surge?
As NLight's megawatt laser nears reality, how will this technology reshape air and missile defense tactics globally?