nLIGHT Sees Q3 Revenue $47M-$51M Vs $57.15M Est.
Portfolio Pulse from Happy Mohamed
nLIGHT has projected its Q3 2023 revenues to be between $47 million and $51 million, lower than the estimated $57.15 million. The company expects its overall gross margin to be between 22% and 25%. The forecast for Adjusted EBITDA is between $(3) million to break-even.
August 04, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
nLIGHT's lower than expected Q3 2023 revenue forecast could negatively impact its stock price in the short term.
nLIGHT's projected revenues for Q3 2023 are lower than the estimated $57.15 million. This lower than expected revenue forecast could lead to a decrease in investor confidence, potentially leading to a drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100