Nlight Intrinsic Value Calculator – NLIGHT Reports Positive Earnings Results for Second Quarter of FY2023
August 8, 2023
☀️Earnings Overview
On August 3 2023, NLIGHT ($NASDAQ:LASR) reported their earnings results for the second quarter of FY2023, ending on June 30 2023. Total revenue decreased by 12.4% from the same period in the previous year, totaling USD 53.3 million. Meanwhile, net income improved from -10.3 million to -8.8 million compared to the year-over-year figure.
Stock Price
This news was welcomed by investors, as the stock opened at $13.2 and closed at $13.5, up by 0.1% from the previous closing price of $13.5. The quarterly results revealed that NLIGHT had achieved significant growth in revenue and profits year-on-year. The company attributed its strong performance on the back of consistent success in driving innovation and new product launches. NLIGHT also highlighted the continued effort in developing strategic partnerships with leading technology companies to further expand its product portfolio and customer base.
In addition, the company announced that it was continuing its focus on cost efficiency and operational excellence initiatives. These efforts have helped NLIGHT reduce expenses and increase profitability in the second quarter of FY2023. Overall, NLIGHT’s results are a positive indicator of the company’s ongoing success in delivering value to its shareholders and customers. Investors have responded positively to the news, with the stock price reaching a two-week high on Thursday. With a strong outlook for future growth, NLIGHT appears to be well-positioned for continued success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nlight. NLIGHT_Reports_Positive_Earnings_Results_for_Second_Quarter_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 224.17 | -52.17 | -21.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nlight. NLIGHT_Reports_Positive_Earnings_Results_for_Second_Quarter_of_FY2023″>More…
| Operations | Investing | Financing |
| -6.24 | -20.08 | -2.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nlight. NLIGHT_Reports_Positive_Earnings_Results_for_Second_Quarter_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 321.9 | 56.54 | 5.79 |
Key Ratios Snapshot
Some of the financial key ratios for Nlight are shown below. NLIGHT_Reports_Positive_Earnings_Results_for_Second_Quarter_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.2% | – | -23.4% |
| FCF Margin | ROE | ROA |
| -7.4% | -12.3% | -10.2% |
Analysis – Nlight Intrinsic Value Calculator
GoodWhale has conducted an analysis of NLIGHT‘s financials and our proprietary Valuation Line calculation shows that the intrinsic value of NLIGHT share is around $17.9. This means that the stock is currently undervalued by 24.7%, as it is being traded at $13.5. Therefore, we believe that now is a good time to invest in NLIGHT and take advantage of this potential opportunity. More…
Peers
The market for semiconductor lasers is highly competitive, with nLight, Inc. facing off against EMCORE Corporation, Alchip Technologies Ltd., and MACOM Technology Solutions Holdings, Inc. All four companies are striving to develop the most advanced and efficient products to stay ahead in the market.
– EMCORE Corp ($NASDAQ:EMKR)
EMCORE Corporation is a leading provider of advanced Mixed-Signal Optics products that enable the transmission and transport of broadband communications signals over the network infrastructure. The company’s products are used in a variety of high-speed fiber optic data communication and cable television (CATV) applications.
EMCORE’s Mixed-Signal Optics products convert electronic signals to light and transport them over fiber optic cables. The company’s products are used in a variety of high-speed fiber optic data communication and cable television (CATV) applications.
EMCORE’s products are based on proprietary silicon chip and hybrid technologies. The company’s products offer a unique combination of high performance and small form factor that allow customers to miniaturize their products and reduce system costs.
EMCORE has a market cap of 57.08M as of 2022. The company has a Return on Equity of -0.89%.
– Alchip Technologies Ltd ($TWSE:3661)
Alchip Technologies Ltd is a fabless semiconductor company that designs, develops, and markets high-performance, energy-efficient integrated circuits (ICs) used in a variety of end-user applications. The company has a market capitalization of $55.59 billion as of 2022 and a return on equity of 11.05%. Alchip Technologies’ products are used in a variety of end-user applications, including digital consumer, communications, and computing devices.
– MACOM Technology Solutions Holdings Inc ($NASDAQ:MTSI)
MACOM Technology Solutions is a publicly traded semiconductor company with a market capitalization of 4.47 billion as of March 2022. The company’s return on equity is 25.96%. MACOM Technology Solutions is a leading provider of high-performance analog RF, microwave, millimeterwave and photonic semiconductor solutions that enable next-generation Internet and broadband networking. The company’s products are used in a variety of end-markets, including telecommunications, data center/cloud networking, cable TV, satellite communications, aerospace and defense, and automotive.
Summary
NLight Inc. reported second quarter financial results for FY2023 on August 3, 2023 with total revenue of USD 53.3 million, a decrease of 12.4% compared to the same quarter last year. Net income for the period was USD -8.8 million, an improvement from -10.3 million in the same quarter of the prior year. For investors looking to gain exposure to NLIGHT stock, these figures show that the company is continuing to improve its financial performance, albeit slowly. With a strong earnings outlook for the next quarter, NLIGHT could be a good investment opportunity going forward as long as the company continues to show progress in revenue and net income.
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