nLIGHT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	209.92	242.06	270.15	222.79	176.62	191.36	138.58	101.33
Revenue Growth (YoY)	-13.28%	-10.40%	21.26%	26.14%	-7.70%	38.09%	36.77%	-
Cost of Revenue	163.81	191.24	192.84	163.43	124.28	124.4	94.31	78.16
Gross Profit	46.11	50.82	77.31	59.36	52.34	66.96	44.27	23.17
Selling, General & Admin	45.9	48.26	52.71	39.25	34.11	28.84	19.35	17.27
Research & Development	46.16	53.77	54.81	41.16	28.14	21.05	15.12	15.24
Other Operating Expenses	0.82	3.89	0	0	0	0	0	0
Operating Expenses	92.88	105.92	107.52	80.41	62.25	49.9	34.48	32.5
Operating Income	-46.77	-55.1	-30.22	-21.05	-9.91	17.06	9.8	-9.34
Interest Expense / Income	-1.34	-0.53	0.16	-0.08	-2.61	-0.73	1.27	2.23
Other Expense / Income	-2.78	-0.34	-0.34	-0.38	-0.54	0.25	1.83	0.75
Pretax Income	-42.65	-54.24	-30.04	-20.59	-6.77	17.54	6.7	-12.32
Income Tax	-0.98	0.34	-0.38	0.34	6.12	3.6	4.86	1.88
Net Income	-41.67	-54.58	-29.67	-20.93	-12.88	13.94	1.84	-14.2
Preferred Dividends	0	0	0	0	0	4.42	1.84	0
Net Income Common	-41.67	-54.58	-29.67	-20.93	-12.88	9.52	0	-14.2
Shares Outstanding (Basic)	46	44	42	38	37	25	3	3
Shares Outstanding (Diluted)	46	44	42	38	37	30	3	3
Shares Change	3.70%	5.44%	9.84%	3.36%	23.90%	995.39%	9.40%	-
EPS (Basic)	-0.90	-1.23	-0.70	-0.55	-0.35	0.38	-	-5.68
EPS (Diluted)	-0.90	-1.23	-0.70	-0.55	-0.35	0.32	-	-5.68
Free Cash Flow	4.75	-36.26	-29.01	-11.31	-17.25	-7.17	-2.07	1.93
Free Cash Flow Per Share	0.10	-0.82	-0.69	-0.29	-0.47	-0.29	-0.76	0.77
Gross Margin	21.97%	21.00%	28.62%	26.65%	29.63%	34.99%	31.95%	22.86%
Operating Margin	-22.28%	-22.76%	-11.19%	-9.45%	-5.61%	8.92%	7.07%	-9.22%
Profit Margin	-19.85%	-22.55%	-10.98%	-9.40%	-7.29%	4.98%	-	-14.02%
Free Cash Flow Margin	2.26%	-14.98%	-10.74%	-5.08%	-9.76%	-3.75%	-1.49%	1.91%
Effective Tax Rate	-	-	-	-	-	20.53%	72.56%	-
EBITDA	-26.69	-36.07	-11.57	-4.07	0.19	25.1	15.89	-1.99
EBITDA Margin	-12.71%	-14.90%	-4.28%	-1.83%	0.11%	13.12%	11.46%	-1.97%
Depreciation & Amortization	17.3	18.7	18.31	16.6	9.56	8.29	7.92	8.1
EBIT	-43.99	-54.76	-29.88	-20.67	-9.37	16.81	7.96	-10.09
EBIT Margin	-20.96%	-22.62%	-11.06%	-9.28%	-5.31%	8.78%	5.75%	-9.96%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).