nLight (LASR)
Market Price (5/20/2026): $68.8 | Market Cap: $3.7 BilSector: Information Technology | Industry: Semiconductor Materials & Equipment
nLight (LASR)
Market Price (5/20/2026): $68.8Market Cap: $3.7 BilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Megatrend and thematic driversMegatrends include Automation & Robotics, Battery Technology & Metals, and Advanced Materials. Themes include Factory Automation, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.2% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 121x Stock price has recently run up significantly6M Rtn6 month market price return is 143%, 12M Rtn12 month market price return is 449% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 77% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5% Key risksLASR key risks include [1] its significant revenue concentration within the U.S. Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Battery Technology & Metals, and Advanced Materials. Themes include Factory Automation, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -15 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.2% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 121x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 143%, 12M Rtn12 month market price return is 449% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 77% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5% |
| Key risksLASR key risks include [1] its significant revenue concentration within the U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong financial performance and consistent earnings beats. nLight significantly exceeded analyst expectations in its Q4 2025 and Q1 2026 earnings reports. In February 2026, the company reported Q4 2025 revenue of $81.19 million, surpassing analyst estimates of $76.71 million, and an EPS of $0.14, beating the $0.11 consensus. This performance built momentum into Q1 2026, where nLight announced record results with revenues of $80.2 million, a 55% year-over-year increase, exceeding expectations of $72.08 million by 11.2%. The company also reported a GAAP net income of $645,000, a substantial improvement from a GAAP net loss of $8.1 million in Q1 2025, and Adjusted EBITDA of $13.83 million, significantly beating analyst estimates of $7.21 million. Management further issued an upbeat revenue guidance for Q2 2026, projected at $78 million at the midpoint, which was 9.9% above analyst expectations.
2. Robust growth in the Aerospace & Defense (A&D) market. A primary driver of nLight's revenue growth has been the sustained strength and expansion within its Aerospace & Defense sector. Preliminary Q4 2025 results already highlighted this, leading to revenue exceeding guidance. In Q1 2026, record A&D product revenues surged by 98% year-over-year, contributing significantly to the overall 55% revenue increase. This growth is supported by a promising pipeline of directed energy opportunities, including new production content, upgrades to existing platforms, and new prototype programs. Company-specific initiatives, such as the launch of the HADES™ Line of Directed Energy Products in May 2026 and the expansion of operations in Torino, Italy, to support European and Allied Directed Energy Programs, further underscore nLight's strategic focus and capitalizing on increased global defense spending.
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Stock Movement Drivers
Fundamental Drivers
The 52.4% change in LASR stock from 1/31/2026 to 5/19/2026 was primarily driven by a 28.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.61 | 69.49 | 52.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 228 | 290 | 27.4% |
| P/S Multiple | 10.1 | 13.0 | 28.7% |
| Shares Outstanding (Mil) | 50 | 54 | -7.1% |
| Cumulative Contribution | 52.4% |
Market Drivers
1/31/2026 to 5/19/2026| Return | Correlation | |
|---|---|---|
| LASR | 52.4% | |
| Market (SPY) | 6.3% | 48.3% |
| Sector (XLK) | 20.6% | 59.2% |
Fundamental Drivers
The 110.5% change in LASR stock from 10/31/2025 to 5/19/2026 was primarily driven by a 72.0% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.01 | 69.49 | 110.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 217 | 290 | 33.6% |
| P/S Multiple | 7.5 | 13.0 | 72.0% |
| Shares Outstanding (Mil) | 50 | 54 | -8.4% |
| Cumulative Contribution | 110.5% |
Market Drivers
10/31/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| LASR | 110.5% | |
| Market (SPY) | 8.2% | 49.8% |
| Sector (XLK) | 15.5% | 55.7% |
Fundamental Drivers
The 801.3% change in LASR stock from 4/30/2025 to 5/19/2026 was primarily driven by a 588.1% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.71 | 69.49 | 801.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 199 | 290 | 46.0% |
| P/S Multiple | 1.9 | 13.0 | 588.1% |
| Shares Outstanding (Mil) | 49 | 54 | -10.3% |
| Cumulative Contribution | 801.3% |
Market Drivers
4/30/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| LASR | 801.3% | |
| Market (SPY) | 33.8% | 43.9% |
| Sector (XLK) | 66.0% | 48.5% |
Fundamental Drivers
The 692.4% change in LASR stock from 4/30/2023 to 5/19/2026 was primarily driven by a 698.0% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.77 | 69.49 | 692.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 242 | 290 | 19.7% |
| P/S Multiple | 1.6 | 13.0 | 698.0% |
| Shares Outstanding (Mil) | 45 | 54 | -17.1% |
| Cumulative Contribution | 692.4% |
Market Drivers
4/30/2023 to 5/19/2026| Return | Correlation | |
|---|---|---|
| LASR | 692.4% | |
| Market (SPY) | 83.3% | 44.3% |
| Sector (XLK) | 134.5% | 45.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LASR Return | -27% | -58% | 33% | -22% | 258% | 89% | 117% |
| Peers Return | 26% | -52% | 229% | 46% | 94% | 129% | 1189% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| LASR Win Rate | 25% | 42% | 42% | 33% | 75% | 100% | |
| Peers Win Rate | 48% | 35% | 57% | 55% | 58% | 76% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| LASR Max Drawdown | -48% | -64% | -48% | -33% | -47% | -25% | |
| Peers Max Drawdown | -46% | -65% | -36% | -52% | -53% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AAOI, KOPN, LPTH, LRCX, AMAT. See LASR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/19/2026 (YTD)
How Low Can It Go
| Event | LASR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.5% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.7% | -9.5% |
| % Gain to Breakeven | 74.5% | 10.5% |
| Time to Breakeven | 49 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -31.7% | -6.7% |
| % Gain to Breakeven | 46.3% | 7.1% |
| Time to Breakeven | 9 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -63.3% | -24.5% |
| % Gain to Breakeven | 172.5% | 32.4% |
| Time to Breakeven | 1031 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.0% | -33.7% |
| % Gain to Breakeven | 112.9% | 50.9% |
| Time to Breakeven | 34 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.1% | -19.2% |
| % Gain to Breakeven | 31.7% | 23.8% |
| Time to Breakeven | 63 days | 105 days |
In The Past
nLight's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.5% gain to breakeven.
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| Event | LASR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.9% | -18.8% |
| % Gain to Breakeven | 66.5% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -42.7% | -9.5% |
| % Gain to Breakeven | 74.5% | 10.5% |
| Time to Breakeven | 49 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -31.7% | -6.7% |
| % Gain to Breakeven | 46.3% | 7.1% |
| Time to Breakeven | 9 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -63.3% | -24.5% |
| % Gain to Breakeven | 172.5% | 32.4% |
| Time to Breakeven | 1031 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.0% | -33.7% |
| % Gain to Breakeven | 112.9% | 50.9% |
| Time to Breakeven | 34 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.1% | -19.2% |
| % Gain to Breakeven | 31.7% | 23.8% |
| Time to Breakeven | 63 days | 105 days |
In The Past
nLight's stock fell -39.9% during the 2025 US Tariff Shock. Such a loss loss requires a 66.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About nLight (LASR)
AI Analysis | Feedback
Here are a few analogies for nLight (LASR):
- Intel for high-power industrial and defense lasers. (Similar to how Intel provides the core processors for computers, nLight provides advanced laser components for high-tech industrial, microfabrication, and defense systems.)
- Corning for advanced laser technology. (Like Corning specializes in glass science and materials that enable various industries, nLight is a specialist in sophisticated laser components and systems for demanding applications.)
AI Analysis | Feedback
```html- Semiconductor and Fiber Lasers: These are core products designed for industrial, microfabrication, and aerospace and defense applications.
- Fiber Amplifiers: These systems are used to amplify light signals, particularly in high-energy laser systems.
- Beam Combination and Control Systems: These systems are essential for managing and directing high-energy laser beams, especially in directed energy applications.
AI Analysis | Feedback
nLight (LASR) primarily sells its products to other companies, serving industrial, microfabrication, and aerospace and defense sectors. Its major customers, based on its most recent annual report (2023 10-K), are:
- TRUMPF GmbH + Co. KG: A private German company that is a leading manufacturer of machine tools and lasers for industrial production.
- Dantsu Co. Ltd.: A private company based in Japan, which is a distributor of laser products and solutions.
AI Analysis | Feedback
nullAI Analysis | Feedback
Scott Keeney, Co-Founder and Chief Executive Officer
Scott Keeney co-founded nLight in 2000 and has served as the company's chief executive officer since its inception, also holding the position of chairman of the board of directors. Before establishing nLight, Keeney was the CEO of Aculight, which was subsequently acquired by Lockheed Martin Corporation. He also worked as a consultant with McKinsey & Company. Keeney is the founder of nConnect, a non-profit dedicated to enhancing STEM education in K-12 schools. In 2006, he was awarded the Ernst & Young Entrepreneur of the Year for Technology in the Pacific Northwest.
Joseph Corso, Chief Financial Officer
Joseph Corso joined nLight in 2020 and assumed the role of Chief Financial Officer effective March 1, 2022. Prior to his tenure at nLight, Corso served as Global Co-Head of Electronics and Industrial Technology at Stifel for over 15 years, where he provided advisory services to publicly traded companies on a variety of corporate finance and M&A transactions.
Robert Martinsen, Chief Technology Officer
Robert Martinsen is a co-founder of nLight and serves as the Chief Technology Officer. In this role, he is responsible for driving the core technology roadmap for the company's semiconductor and fiber lasers.
Chris Schechter, Chief Operating Officer
Chris Schechter joined nLight in 2022 as the Chief Operating Officer. Before joining nLight, Schechter held the position of Vice President of Operations for the Aerospace and Defense segment at Celestica. His past experience also includes roles such as VP/GM at Zodiac Seats and StandardAero, Manufacturing Integration Leader for the Parker Hannifin acquisition of Clarcor Filtration, and Director-level positions in Product Development, Operations Management, and Operational Excellence/Lean6Sigma for Axcelis Technologies.
Julie Dimmick, Vice President and General Counsel
Julie Dimmick joined nLight in 2021, serving as a Vice President and the company's General Counsel. Before her time at nLight, Dimmick held positions as senior counsel at AeroVironment, Inc., and general counsel at GE Homeland Protection, Inc. She also served as a special advisor to Secretary Tom Ridge at the U.S. Department of Homeland Security.
AI Analysis | Feedback
```htmlHere are the key risks to nLight's business:
- Persistent Unprofitability and High Financial Leverage: nLight has a history of negative GAAP profitability and operating margins, along with elevated net debt to EBITDA. While the company achieved positive Adjusted EBITDA in 2025, a clear and consistent path to positive net earnings and sustainable operating cash flow remains a significant concern for investors. This financial condition, coupled with high valuation multiples based on future expectations, means the stock is highly sensitive to any slowdown in growth or continued losses.
- Customer Concentration and Aerospace & Defense Program Risk: A substantial portion of nLight's recent revenue growth is driven by a small number of large customers and specific Aerospace & Defense (A&D) program awards. Any delays in these defense programs, changes in government budgets, or the loss of a key customer relationship could have a material adverse effect on the company's revenue and margins.
- Intense Competition and Market Volatility: nLight operates in highly competitive markets for its semiconductor and fiber laser products, facing significant price and technological competition from both established players and those offering conventional or non-laser solutions. This competitive landscape, combined with potentially uneven industrial demand and the risk of average selling price (ASP) pressure, could negatively impact the company's growth and profitability.
AI Analysis | Feedback
nullAI Analysis | Feedback
nLight (LASR) operates in several addressable markets for its semiconductor and fiber lasers, primarily focusing on industrial, microfabrication, and aerospace and defense applications. The company has made a strategic shift to focus increasingly on the defense sector.
The addressable markets for nLight's main products and services are as follows:
- Global Industrial Lasers Market: This market, which includes applications like macro processing, micro processing, and marking/engraving, was valued at approximately USD 23.9 billion in 2025. It is projected to grow to USD 70.02 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 12.70% during the forecast period. Asia Pacific held the largest share of this market, at 49.00% in 2025. Another estimate for the global industrial laser systems market indicated a value of USD 6.2 billion in 2025, with a forecast to reach USD 10.5 billion by 2035, growing at a CAGR of 5.5%. The U.S. industrial laser systems market specifically was valued at USD 5 billion in 2025.
- Global Industrial Pulsed Fiber Laser Market: This segment was estimated to be worth USD 1.65 billion in 2024 and is projected to expand to USD 4.91 billion by 2035, with a CAGR of 10.42% between 2025 and 2035. North America is expected to generate the highest demand in this market.
- Global Military Laser Weapon Market: This market is projected to reach USD 1.079 billion by 2032. nLight's aerospace and defense segment, which includes high-energy laser systems for directed energy applications, saw revenue of USD 175 million in 2025, marking a 60% annual increase. This segment constituted 67% of nLight's total revenue in 2025.
AI Analysis | Feedback
Here are the 3-5 expected drivers of future revenue growth for nLight (LASR) over the next 2-3 years:Expected Drivers of Future Revenue Growth for nLight (LASR)
-
Accelerated Growth in the Aerospace and Defense (A&D) Market: nLight anticipates continued robust growth in its Aerospace and Defense segment, driven by increasing demand for directed energy and laser sensing applications. The company has reported significant year-over-year revenue increases in A&D and is actively executing on substantial contracts, such as the $171 million HELSI-2 program targeting a one-megawatt high-energy laser, with completion anticipated in late 2026. Furthermore, new contract wins in laser sensing markets are expected to contribute to this growth.
-
Launch and Commercialization of New, High-Power Laser Systems: The development and demonstration of advanced laser weapon systems, such as the new 70kW-class Laser Weapon System, along with 10kW and 30kW High-Energy Lasers, are key drivers for future revenue. These products are designed for critical applications like counter-drone and counter-missile missions, catering to rising military demand.
-
Strategic Reallocation of Resources to High-Growth, High-Margin Applications: nLight's decision to exit the lower-margin industrial cutting and welding markets, while creating a near-term revenue headwind of approximately $25 million to $30 million in 2026, is a strategic move to focus resources on more lucrative Aerospace & Defense and advanced manufacturing segments. This pivot is expected to significantly boost overall gross margins and channel investment into areas with higher growth potential.
-
Expansion of Manufacturing Capacity: To support the anticipated ramp-up in directed energy products and meet increasing demand from U.S. Department of Defense programs and allied customers, nLight is expanding its manufacturing capacity, including its facility in Longmont, Colorado. This expansion is crucial for scaling deliveries of high-energy lasers and components, thereby enabling future revenue growth.
AI Analysis | Feedback
Share Repurchases
- nLight has engaged in share buybacks over the past decade, though specific dollar amounts or future authorizations for the 2021-2025 period were not detailed in the provided information.
Share Issuance
- In February 2026, nLight completed an underwritten public offering of common stock, raising approximately $175 million in gross proceeds.
- The underwriters fully exercised their option, generating an additional $26 million and bringing the total gross proceeds from the February 2026 offering to approximately $201 million.
- The net proceeds from this equity raise, totaling over $190 million, are earmarked for manufacturing expansion, product development, and potential acquisitions, particularly for a new 50,000 sq. ft. manufacturing facility in Colorado.
Capital Expenditures
- Capital expenditures for the latest twelve months were $10.063 million.
- From fiscal years ending December 2020 to 2024, nLight's capital expenditures averaged $15.478 million, with a peak of $23.416 million in 2020 and a low of $5.339 million in 2023.
- The company is actively investing in infrastructure, including a new 50,000 square-foot manufacturing facility in Longmont, Colorado, to expand production capabilities for high-energy lasers for defense applications.
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|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 120.41 |
| Mkt Cap | 8.4 |
| Rev LTM | 398 |
| Op Inc LTM | -11 |
| FCF LTM | 6 |
| FCF 3Y Avg | -1 |
| CFO LTM | 12 |
| CFO 3Y Avg | 4 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 33.7% |
| Rev Chg 3Y Avg | 8.7% |
| Rev Chg Q | 37.6% |
| QoQ Delta Rev Chg LTM | 8.2% |
| Op Inc Chg LTM | 19.7% |
| Op Inc Chg 3Y Avg | 2.1% |
| Op Mgn LTM | -7.5% |
| Op Mgn 3Y Avg | -18.2% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | -0.8% |
| CFO/Rev 3Y Avg | -3.2% |
| FCF/Rev LTM | -4.4% |
| FCF/Rev 3Y Avg | -7.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.4 |
| P/S | 14.4 |
| P/Op Inc | -89.9 |
| P/EBIT | -45.0 |
| P/E | 3.2 |
| P/CFO | -12.7 |
| Total Yield | -0.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -3.4% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.3% |
| 3M Rtn | 30.3% |
| 6M Rtn | 97.3% |
| 12M Rtn | 338.9% |
| 3Y Rtn | 399.8% |
| 1M Excs Rtn | 0.5% |
| 3M Excs Rtn | 18.8% |
| 6M Excs Rtn | 86.8% |
| 12M Excs Rtn | 311.8% |
| 3Y Excs Rtn | 374.1% |
Price Behavior
| Market Price | $69.49 | |
| Market Cap ($ Bil) | 3.5 | |
| First Trading Date | 04/26/2018 | |
| Distance from 52W High | -18.2% | |
| 50 Days | 200 Days | |
| DMA Price | $68.40 | $44.75 |
| DMA Trend | up | up |
| Distance from DMA | 1.6% | 55.3% |
| 3M | 1YR | |
| Volatility | 99.0% | 76.8% |
| Downside Capture | 428.95 | 233.50 |
| Upside Capture | 434.77 | 380.00 |
| Correlation (SPY) | 48.4% | 48.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.01 | 2.80 | 3.00 | 3.01 | 2.80 | 2.00 |
| Up Beta | 1.88 | 0.37 | 1.21 | 1.94 | 2.64 | 2.02 |
| Down Beta | 3.46 | 5.11 | 3.74 | 3.49 | 3.79 | 2.04 |
| Up Capture | 121% | 451% | 639% | 861% | 1469% | 2504% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 26 | 39 | 74 | 142 | 382 |
| Down Capture | -780% | 268% | 234% | 194% | 129% | 111% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 17 | 25 | 51 | 108 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LASR | |
|---|---|---|---|---|
| LASR | 471.6% | 76.7% | 2.61 | - |
| Sector ETF (XLK) | 48.6% | 20.5% | 1.82 | 52.7% |
| Equity (SPY) | 25.0% | 12.1% | 1.55 | 47.7% |
| Gold (GLD) | 40.0% | 26.8% | 1.23 | 19.9% |
| Commodities (DBC) | 49.4% | 18.5% | 2.03 | 3.8% |
| Real Estate (VNQ) | 9.7% | 13.4% | 0.45 | 18.2% |
| Bitcoin (BTCUSD) | -25.6% | 41.9% | -0.59 | 29.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LASR | |
|---|---|---|---|---|
| LASR | 22.4% | 64.6% | 0.57 | - |
| Sector ETF (XLK) | 22.4% | 24.8% | 0.79 | 49.0% |
| Equity (SPY) | 14.2% | 17.0% | 0.65 | 47.6% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 11.3% |
| Commodities (DBC) | 11.0% | 19.4% | 0.45 | 10.4% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.11 | 31.3% |
| Bitcoin (BTCUSD) | 9.4% | 55.6% | 0.38 | 22.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LASR | |
|---|---|---|---|---|
| LASR | 10.3% | 66.2% | 0.46 | - |
| Sector ETF (XLK) | 24.6% | 24.4% | 0.91 | 48.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 47.1% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 7.8% |
| Commodities (DBC) | 8.4% | 17.9% | 0.38 | 13.6% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 31.2% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | 19.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 11.7% | 22.9% | |
| 2/26/2026 | -10.7% | -0.6% | 2.2% |
| 11/6/2025 | 14.7% | 1.9% | 27.2% |
| 8/7/2025 | 27.7% | 28.2% | 39.2% |
| 5/8/2025 | 35.5% | 48.3% | 104.8% |
| 2/27/2025 | 1.0% | -1.0% | -12.4% |
| 11/7/2024 | -23.5% | -28.5% | -24.2% |
| 8/1/2024 | -2.9% | -3.2% | 6.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 12 |
| # Negative | 11 | 12 | 10 |
| Median Positive | 12.5% | 15.6% | 31.8% |
| Median Negative | -6.5% | -5.9% | -12.0% |
| Max Positive | 38.1% | 48.3% | 104.8% |
| Max Negative | -23.5% | -28.5% | -24.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 75.00 Mil | 78.00 Mil | 81.00 Mil | 6.8% | Raised | Guidance: 73.00 Mil for Q1 2026 | |
| Q2 2026 Products Revenue | 58.00 Mil | 7.4% | Raised | Guidance: 54.00 Mil for Q1 2026 | |||
| Q2 2026 Advanced Development Revenue | 20.00 Mil | 5.3% | Raised | Guidance: 19.00 Mil for Q1 2026 | |||
| Q2 2026 Gross Margin | 29.0% | 31.0% | 33.0% | 5.1% | 1.5% | Raised | Guidance: 29.5% for Q1 2026 |
| Q2 2026 Products Gross Margin | 37.0% | 39.0% | 41.0% | 6.8% | 2.5% | Raised | Guidance: 36.5% for Q1 2026 |
| Q2 2026 Advanced Development Gross Margin | 8.0% | 0 | 0 | Affirmed | Guidance: 8.0% for Q1 2026 | ||
| Q2 2026 Adjusted EBITDA | 8.00 Mil | 10.00 Mil | 12.00 Mil | 33.3% | Raised | Guidance: 7.50 Mil for Q1 2026 | |
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 70.00 Mil | 73.00 Mil | 76.00 Mil | -2.7% | Lowered | Guidance: 75.00 Mil for Q4 2025 | |
| Q1 2026 Laser Products Revenue | 54.00 Mil | -1.8% | Lowered | Guidance: 55.00 Mil for Q4 2025 | |||
| Q1 2026 Advanced Development Revenue | 19.00 Mil | -5.0% | Lowered | Guidance: 20.00 Mil for Q4 2025 | |||
| Q1 2026 Gross Margin | 27.0% | 29.5% | 32.0% | 0 | 0 | Affirmed | Guidance: 29.5% for Q4 2025 |
| Q1 2026 Laser Products Gross Margin | 34.0% | 36.5% | 39.0% | 0 | 0 | Affirmed | Guidance: 36.5% for Q4 2025 |
| Q1 2026 Advanced Development Gross Margin | 8.0% | 0 | 0 | Affirmed | Guidance: 8.0% for Q4 2025 | ||
| Q1 2026 Adjusted EBITDA | 5.00 Mil | 7.50 Mil | 10.00 Mil | -11.8% | Lowered | Guidance: 8.50 Mil for Q4 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Corso, Joseph John | Chief Financial Officer | Direct | Sell | 5192026 | 70.82 | 19,575 | 1,386,301 | 16,521,669 | Form |
| 2 | Nias, James | Chief Accounting Officer | Direct | Sell | 5192026 | 70.82 | 1,565 | 110,833 | 7,124,067 | Form |
| 3 | Keeney, Scott H | President and CEO | Direct | Sell | 5192026 | 70.82 | 45,191 | 3,200,427 | 171,544,028 | Form |
| 4 | Corso, Joseph John | Chief Financial Officer | Direct | Sell | 5192026 | 75.16 | 18,445 | 1,386,326 | 18,974,217 | Form |
| 5 | Nias, James | Chief Accounting Officer | Direct | Sell | 5192026 | 75.16 | 1,487 | 111,763 | 7,647,079 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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