📊 LASR Key Takeaways
Is LASR a Good Investment? Thesis Analysis
NLIGHT demonstrates a compelling turnaround trajectory with 31.6% revenue growth and rapidly improving losses (net income +61.4% YoY) while maintaining a fortress balance sheet with zero debt and $98.7M in cash. Despite current operating losses, positive free cash flow generation and industry-leading gross margins suggest a credible path toward profitability supported by exceptional financial strength.
Why Buy LASR? Key Strengths
- Strong revenue growth momentum at 31.6% YoY with rapidly improving loss trajectory (net income +61.4%)
- Fortress balance sheet with zero debt, $98.7M cash reserves, and exceptional liquidity (3.79x current ratio) providing substantial runway
- Positive free cash flow generation ($12.3M) despite negative net income indicates improving operational efficiency
- Reasonable gross margin of 29.8% in capital-intensive semiconductor sector suggests competitive positioning
LASR Investment Risks to Consider
- Company remains deeply unprofitable with -$23.5M net income and -10.2% operating margin requiring significant operational restructuring
- Significant gap between operating cash flow ($21.3M) and net income (-$23.5M) raises earnings quality concerns and suggests substantial non-cash charges
- Semiconductor industry is highly competitive and capital-intensive with uncertain path to sustained profitability at scale
Key Metrics to Watch
- Operating margin expansion trajectory - critical path from -10.2% toward breakeven and profitability
- Free cash flow sustainability and conversion rate as company scales operations
- Gross margin defense during growth phase - ensure revenue expansion not driven by margin compression
LASR Financial Metrics
💡 AI Analyst Insight
The relatively thin 4.7% FCF margin may limit capital allocation flexibility. Strong liquidity with a 3.79x current ratio provides a solid financial cushion.
LASR Profitability Ratios
LASR vs Technology Sector
How NLIGHT, INC. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is LASR Overvalued or Undervalued?
Based on fundamental analysis, NLIGHT, INC. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
LASR Balance Sheet & Liquidity
LASR 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: NLIGHT, INC.'s revenue has remained relatively flat over the 5-year period, with a 3% decline. The most recent EPS of $-0.90 indicates the company is currently unprofitable.
LASR Growth Metrics (YoY)
LASR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $56.1M | -$6.9M | $-0.14 |
| Q2 2025 | $50.5M | -$3.6M | $-0.07 |
| Q1 2025 | $44.5M | -$8.1M | $-0.16 |
| Q3 2024 | $50.6M | -$10.3M | $-0.21 |
| Q2 2024 | $50.5M | -$8.8M | $-0.19 |
| Q1 2024 | $44.5M | -$7.7M | $-0.17 |
| Q3 2023 | $50.6M | -$11.9M | $-0.26 |
| Q2 2023 | $53.3M | -$8.8M | $-0.19 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
LASR Capital Allocation
LASR SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for NLIGHT, INC. (CIK: 0001124796)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773449298.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773449174.xml | View → |
| Mar 11, 2026 | 4 | xslF345X05/wk-form4_1773273114.xml | View → |
| Mar 11, 2026 | 4 | xslF345X05/wk-form4_1773273029.xml | View → |
| Mar 9, 2026 | 4 | xslF345X05/wk-form4_1773102279.xml | View → |
❓ Frequently Asked Questions about LASR
What is the AI rating for LASR?
NLIGHT, INC. (LASR) has an AI rating of BUY with 70% confidence, based on fundamental analysis of SEC EDGAR filings.
What are LASR's key strengths?
Claude: Strong revenue growth momentum at 31.6% YoY with rapidly improving loss trajectory (net income +61.4%). Fortress balance sheet with zero debt, $98.7M cash reserves, and exceptional liquidity (3.79x current ratio) providing substantial runway.
What are the risks of investing in LASR?
Claude: Company remains deeply unprofitable with -$23.5M net income and -10.2% operating margin requiring significant operational restructuring. Significant gap between operating cash flow ($21.3M) and net income (-$23.5M) raises earnings quality concerns and suggests substantial non-cash charges.
What is LASR's revenue and growth?
NLIGHT, INC. reported revenue of $261.3M.
Does LASR pay dividends?
NLIGHT, INC. does not currently pay dividends.
Where can I find LASR SEC filings?
Official SEC filings for NLIGHT, INC. (CIK: 0001124796) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is LASR's EPS?
NLIGHT, INC. has a diluted EPS of $-0.47.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is LASR a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, NLIGHT, INC. has a BUY rating with 70% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is LASR stock overvalued or undervalued?
Valuation metrics for LASR: ROE of -10.3% (sector avg: 22%), net margin of -9.0% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy LASR stock in 2026?
Our dual AI analysis gives NLIGHT, INC. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is LASR's free cash flow?
NLIGHT, INC.'s operating cash flow is $21.3M, with capital expenditures of $9.0M. FCF margin is 4.7%.
How does LASR compare to other Technology stocks?
Vs Technology sector averages: Net margin -9.0% (avg: 18%), ROE -10.3% (avg: 22%), current ratio 3.79 (avg: 2.5).