• Revenues of $51.7 million, up 49.2% compared to $34.7 million for the second quarter of 2017
• Gross margin of 34.2% compared to 30.8% for the second quarter of 2017
• Income from operations of $5.5 million, or 10.7% of revenues, compared to $1.9 million, or 5.5% of revenues, for the second quarter of 2017
GAAP net income for the second quarter of 2018 was $4.7 million, or net income of $0.11 per diluted common share, compared to a loss of $0.3 million, or a net loss of $0.11 per diluted common share, for the second quarter of 2017. Excluding the impact of stock-based compensation and assuming the conversion of all outstanding convertible preferred stock in the period to common stock, non-GAAP net income for the second quarter of 2018 was $5.5 million, or non-GAAP net income of $0.14 per diluted common share, compared to non-GAAP net loss of $0.2 million, or non-GAAP net loss of $0.01 per diluted common share, for the second quarter of 2017.
“We delivered strong revenue growth and gross profit in the second quarter, driven by meaningful expansion in all three of our end markets,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “Industrial and microfabrication business was particularly strong in China in the quarter, with the region growing almost 60% year-over-year. We are excited by the momentum across the business and the pipeline of new products we will introduce over the next several quarters. We remain focused on working closely with our customers to ensure our products enable them to bring differentiated solutions to market.”
nLIGHT does not and will not offer for sale any products within the geographical area served by The United States District Court for the Eastern District of Texas or to its residents.