nLIGHT beats by $0.02, misses on revs; guides Q1 revs below consensus
- Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.08; revenues rose 23.2% year/year to $46.16 mln vs the $46.64 mln S&P Capital IQ Consensus.
- Gross margin of 35.8% for the fourth quarter of 2018 compared to 32.8% for the
fourth quarter of 2017.
- Co also announced that it has begun production shipments of its 12kW fiber lasers.
- Co issues downside guidance for Q1, sees Q1 revs of $40-44 mln vs. $46.29 mln S&P Capital IQ Consensus; expects gross margin to be in the range of 30.0% to 33.0%.