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nLIGHT

Nasdaq:LASR
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LASR
Nasdaq
$827M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The last earnings update was 6 days ago. More info.


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  • nLIGHT has significant price volatility in the past 3 months.
LASR Share Price and Events
7 Day Returns
7.6%
NasdaqGS:LASR
0.7%
US Electronic
1.2%
US Market
1 Year Returns
-
NasdaqGS:LASR
-0.3%
US Electronic
3%
US Market
LASR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
nLIGHT (LASR) 7.6% 4.6% 34.6% - - -
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on LASR.
  • No trading data on LASR.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is nLIGHT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of nLIGHT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for nLIGHT.

NasdaqGS:LASR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LASR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (0.01%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.048 * 5.96%)
8.97%

Discounted Cash Flow Calculation for NasdaqGS:LASR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for nLIGHT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:LASR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.97%)
2019 15.62 Analyst x2 14.34
2020 34.00 Analyst x1 28.63
2021 51.87 Est @ 52.56% 40.08
2022 71.38 Est @ 37.61% 50.62
2023 90.76 Est @ 27.15% 59.06
2024 108.75 Est @ 19.82% 64.94
2025 124.73 Est @ 14.69% 68.34
2026 138.58 Est @ 11.1% 69.68
2027 150.48 Est @ 8.59% 69.44
2028 160.77 Est @ 6.83% 68.07
Present value of next 10 years cash flows $533.19
NasdaqGS:LASR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $160.77 × (1 + 2.73%) ÷ (8.97% – 2.73%)
$2,645.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,645.13 ÷ (1 + 8.97%)10
$1,120.02
NasdaqGS:LASR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $533.19 + $1,120.02
$1,653.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,653.21 / 36.75
$44.99
NasdaqGS:LASR Discount to Share Price
Calculation Result
Value per share (USD) From above. $44.99
Current discount Discount to share price of $22.50
= -1 x ($22.50 - $44.99) / $44.99
50%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price nLIGHT is available for.
Intrinsic value
50%
Share price is $22.5 vs Future cash flow value of $44.99
Current Discount Checks
For nLIGHT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • nLIGHT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • nLIGHT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for nLIGHT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are nLIGHT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LASR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.38
NasdaqGS:LASR Share Price ** NasdaqGS (2019-03-20) in USD $22.5
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of nLIGHT.

NasdaqGS:LASR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LASR Share Price ÷ EPS (both in USD)

= 22.5 ÷ 0.38

58.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • nLIGHT is overvalued based on earnings compared to the US Electronic industry average.
  • nLIGHT is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does nLIGHT's expected growth come at a high price?
Raw Data
NasdaqGS:LASR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 58.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
35.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:LASR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 58.74x ÷ 35.3%

1.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • nLIGHT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on nLIGHT's assets?
Raw Data
NasdaqGS:LASR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.93
NasdaqGS:LASR Share Price * NasdaqGS (2019-03-20) in USD $22.5
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:LASR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LASR Share Price ÷ Book Value per Share (both in USD)

= 22.5 ÷ 5.93

3.79x

* Primary Listing of nLIGHT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • nLIGHT is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess nLIGHT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. nLIGHT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is nLIGHT expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is nLIGHT expected to grow at an attractive rate?
  • nLIGHT's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • nLIGHT's earnings growth is expected to exceed the United States of America market average.
  • nLIGHT's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LASR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LASR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 35.3%
NasdaqGS:LASR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 11.5%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LASR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LASR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 256 66 25 1
2020-12-31 245 38 22 9
2019-12-31 203 29 10 10
NasdaqGS:LASR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 191 3 10
2018-09-30 183 5 7
2018-06-30 168 0 5
2018-03-31 151 3 1
2017-12-31 139 3 0
2016-12-31 101 6 -14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • nLIGHT's earnings are expected to grow significantly at over 20% yearly.
  • nLIGHT's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LASR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from nLIGHT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LASR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.39 0.39 0.39 1.00
2020-12-31 0.53 0.60 0.44 7.00
2019-12-31 0.23 0.30 0.11 8.00
NasdaqGS:LASR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.38
2018-09-30 0.44
2018-06-30 0.56
2018-03-31 0.43
2017-12-31
2016-12-31 -5.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • nLIGHT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess nLIGHT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
nLIGHT has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has nLIGHT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare nLIGHT's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if nLIGHT's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare nLIGHT's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • nLIGHT has been loss making too recently or no data is available, we can't compare it to the US Electronic industry average.
Earnings and Revenue History
nLIGHT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from nLIGHT Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LASR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 191.36 9.52 28.84 21.05
2018-09-30 182.68 7.16 27.01 18.19
2018-06-30 168.20 4.65 23.42 16.57
2018-03-31 151.16 1.21 20.96 15.68
2017-12-31 138.58 0.00 19.35 15.12
2016-12-31 101.33 -14.20 17.27 15.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • nLIGHT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • nLIGHT used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Unable to establish if nLIGHT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess nLIGHT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
nLIGHT has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is nLIGHT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up nLIGHT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • nLIGHT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • nLIGHT's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of nLIGHT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2005.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from nLIGHT Company Filings, last reported 2 months ago.

NasdaqGS:LASR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 217.78 0.11 149.48
2018-09-30 213.42 16.23 168.18
2018-06-30 170.24 17.39 129.73
2018-03-31 64.59 17.45 28.62
2017-12-31 61.28 17.47 36.69
2016-12-31 29.69 19.67 13.50
  • nLIGHT's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if nLIGHT's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (3059.6%, greater than 20% of total debt).
  • nLIGHT earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess nLIGHT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. nLIGHT has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is nLIGHT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from nLIGHT dividends.
If you bought $2,000 of nLIGHT shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate nLIGHT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate nLIGHT's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LASR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LASR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as nLIGHT has not reported any payouts.
  • Unable to verify if nLIGHT's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of nLIGHT's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as nLIGHT has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess nLIGHT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can nLIGHT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. nLIGHT has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of nLIGHT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Keeney
COMPENSATION $799,352
AGE 53
TENURE AS CEO 18.7 years
CEO Bio

Mr. Scott H. Keeney founded nLIGHT Corporation in July 2000 and serves as its Chief Executive Officer, President and Director since July 2000. Mr. Keeney has been Chairman of nLIGHT Corporation since February 2018. He served as Chief Executive Officer of Aculight Corporation from 1998 to 2000. Prior to Aculight, he was a consultant with McKinsey & Company, a leading management-consulting firm from 1993 to 1998. In 2006, he was awarded the Ernst & Young Entrepreneur of the Year Award for Technology in the Pacific Northwest. Mr. Keeney founded nConnect, a 501(3)c non-profit organization that promotes enhanced STEM education in K-12 schools by connecting mentors from local technology companies with students and teachers. Mr. Keeney's strategic vision for nLIGHT Corporation business, his in-depth knowledge of its products. Mr. Keeney holds a B.A. in Economics from University of Washington and an M.B.A. from Harvard Business School.

CEO Compensation
  • Insufficient data for Scott to compare compensation growth.
  • Scott's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the nLIGHT management team in years:

12.1
Average Tenure
53
Average Age
  • The average tenure for the nLIGHT management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Scott Keeney

TITLE
Co-Founder
COMPENSATION
$799K
AGE
53
TENURE
18.7 yrs

Rob Martinsen

TITLE
Chief Technology Officer
COMPENSATION
$324K
AGE
57
TENURE
5.5 yrs

Bill Willson

TITLE
Managing Director of Fiber Division
COMPENSATION
$109K

Jason Farmer

TITLE
Co-Founder
TENURE
19.2 yrs

Ran Bareket

TITLE
VP & CFO
AGE
52
TENURE
1.2 yrs

David Pickett

TITLE
Chief Operating Officer

Jason Willey

TITLE
Senior Director of Investor Relations and Corporate Development

Matthew Randall

TITLE
Vice President of Sales & Marketing

Frank Pfeffer

TITLE
Managing Director of Industrial Laser Systems

Kerry Hill

TITLE
VP of Finance & Secretary
Board of Directors Tenure

Average tenure and age of the nLIGHT board of directors in years:

6.5
Average Tenure
62
Average Age
  • The tenure for the nLIGHT board of directors is about average.
Board of Directors

Scott Keeney

TITLE
Co-Founder
COMPENSATION
$799K
AGE
53
TENURE
1.1 yrs

Ray Link

TITLE
Lead Independent Director
COMPENSATION
$8K
AGE
64

Bandel Carano

TITLE
Director
AGE
56
TENURE
17.9 yrs

Geoffrey Moore

TITLE
Director
COMPENSATION
$8K
AGE
71
TENURE
6.5 yrs

Gary Locke

TITLE
Director
COMPENSATION
$52K
AGE
68
TENURE
1.6 yrs

Doug Carlisle

TITLE
Director
AGE
60
TENURE
17.9 yrs

Dave Osborne

TITLE
Director
AGE
78
TENURE
18.5 yrs

Bill Gossman

TITLE
Director
AGE
56
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Sell David Osborne Individual 19. Nov 18 19. Nov 18 -33,000 $18.76 $-619,080
11. Sep 18 Sell MV Management XI Llc Company 11. Sep 18 11. Sep 18 -23,634 $25.44 $-601,249
11. Sep 18 Sell Menlo Ventures Company 11. Sep 18 11. Sep 18 -1,168,571 $25.44 $-29,728,446
11. Sep 18 Sell Oak Investment Partners Company 11. Sep 18 11. Sep 18 -1,109,417 $25.44 $-28,223,568
11. Sep 18 Sell Mohr Davidow Ventures Company 11. Sep 18 11. Sep 18 -783,651 $25.44 $-19,936,081
13. Sep 18 Sell Robert Martinsen Individual 11. Sep 18 11. Sep 18 -12,000 $25.44 $-305,280
11. Sep 18 Sell Scott Keeney Individual 11. Sep 18 11. Sep 18 -180,000 $25.44 $-4,579,200
X
Management checks
We assess nLIGHT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. nLIGHT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Institutional Ownership On The nLIGHT, Inc. (NASDAQ:LASR) Share Register?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … nLIGHT is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Can nLIGHT, Inc. (NASDAQ:LASR) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … How Do You Calculate Return On Equity … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholder Owns Most nLIGHT Inc (NASDAQ:LASR) Stock?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that. … institutions own shares in the company.

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Should You Be Worried About nLIGHT Inc's (NASDAQ:LASR) 6.4% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.064 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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nLIGHT Inc (NASDAQ:LASR): Time For A Financial Health Check

nLIGHT Inc (NASDAQ:LASR) is a small-cap stock with a market capitalization of US$1.07b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

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Should You Be Concerned About nLIGHT Inc's (NASDAQ:LASR) Investors?

I am going to take a deep dive into nLIGHT Inc’s (NASDAQ:LASR) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … NasdaqGS:LASR Ownership Summary August 1st 18

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With An ROE Of 9.24%, Has nLIGHT Inc's (NASDAQ:LASR) Management Done Well?

and want to better understand how you can grow your money by investing in nLIGHT Inc (NASDAQ:LASR). … With an ROE of 9.24%, nLIGHT Inc (NASDAQ:LASR) returned in-line to its own industry which delivered 10.91% over the past year. … I will take you through how metrics such as financial leverage impact ROE which may affect the overall sustainability of LASR's returns.

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Company Info

Description

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.

Details
Name: nLIGHT, Inc.
LASR
Exchange: NasdaqGS
Founded: 2000
$826,849,350
36,748,860
Website: http://www.nlight.net
Address: nLIGHT, Inc.
5408 Northeast 88th Street,
Building E,
Vancouver,
Washington, 98665,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LASR Common Stock Nasdaq Global Select US USD 26. Apr 2018
Number of employees
Current staff
Staff numbers
1,130
nLIGHT employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:12
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.