nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets.
Flawless balance sheet with concerning outlook.
Share Price & News
How has nLIGHT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LASR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LASR underperformed the US Electronic industry which returned 5.6% over the past year.
Return vs Market: LASR underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is nLIGHT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIf You Had Bought nLIGHT (NASDAQ:LASR) Stock A Year Ago, You'd Be Sitting On A 12% Loss, Today
2 months ago | Simply Wall StIs nLIGHT, Inc. (NASDAQ:LASR) Expensive For A Reason? A Look At Its Intrinsic Value
4 months ago | Simply Wall StnLIGHT, Inc. (NASDAQ:LASR) Delivered A Weaker ROE Than Its Industry
Is nLIGHT undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LASR ($17.89) is trading above our estimate of fair value ($14.77)
Significantly Below Fair Value: LASR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LASR is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: LASR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LASR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LASR is overvalued based on its PB Ratio (3.1x) compared to the US Electronic industry average (2x).
How is nLIGHT forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LASR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: LASR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: LASR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: LASR's revenue (13% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: LASR's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LASR's Return on Equity is forecast to be low in 3 years time (4.6%).
How has nLIGHT performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: LASR is currently unprofitable.
Growing Profit Margin: LASR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if LASR's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare LASR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LASR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (13.8%).
Return on Equity
High ROE: LASR has a negative Return on Equity (-5.95%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is nLIGHT's financial position?
Financial Position Analysis
Short Term Liabilities: LASR's short term assets ($198.6M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: LASR's short term assets ($198.6M) exceed its long term liabilities ($8.3M).
Debt to Equity History and Analysis
Debt Level: LASR is debt free.
Reducing Debt: LASR had no debt 5 years ago.
Inventory Level: LASR has a high level of physical assets or inventory.
Debt Coverage by Assets: LASR's debt is not covered by short term assets (assets are -11032.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LASR has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: LASR has been profitable on average in the past, therefore cash runway is not a concern.
What is nLIGHT's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LASR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LASR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LASR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LASR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LASR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Keeney (54yo)
Mr. Scott H. Keeney founded nLIGHT, Inc. (formerly, nLIGHT Corporation) in July 2000 and serves as its Chief Executive Officer, President and Director since July 2000. Mr. Keeney has been Chairman of nLIGH ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD2.79M) is about average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.
|VP & CFO||2.1yrs||US$2.63m||0.25% $1.7m|
|Chief Technology Officer||6.4yrs||US$1.22m||0.12% $825.5k|
|Co-Founder||20.1yrs||no data||no data|
|Chief Operating Officer||0yrs||no data||no data|
|Senior Director of Investor Relations and Corporate Development||0yrs||no data||no data|
|VP & General Counsel||0.8yrs||no data||no data|
|Vice President of Sales & Marketing||0yrs||no data||0.086% $583.7k|
|Managing Director of Industrial Laser Systems||0yrs||no data||no data|
|Managing Director of Fiber Division||0yrs||US$109.14k||no data|
Experienced Management: LASR's management team is seasoned and experienced (6.4 years average tenure).
|Independent Director||18.8yrs||US$53.50k||0.60% $4.1m|
|Independent Director||18.8yrs||US$12.75k||no data|
|Independent Director||7.4yrs||US$55.00k||0.011% $72.5k|
|Lead Independent Director||0yrs||US$59.88k||0.13% $910.1k|
|Independent Director||2.5yrs||US$52.75k||0.010% $68.3k|
Experienced Board: LASR's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.3%.
nLIGHT, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: nLIGHT, Inc.
- Ticker: LASR
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$675.322m
- Shares outstanding: 37.76m
- Website: https://www.nlight.net
Number of Employees
- nLIGHT, Inc.
- 5408 Northeast 88th Street
- Building E
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LASR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 2018|
nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was founded in 2000 and is headquartered in Vancouver, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 03:51|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.