Published • loading... • Updated
nLIGHT Stock Jumps as Defense Laser Sales Drive 55% Revenue Surge
Summary by ts2.tech
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
nLIGHT Stock Jumps as Defense Laser Sales Drive 55% Revenue Surge
nLIGHT Inc shares jumped 10.3% to $72.98 Friday after reporting a 55.2% surge in Q1 revenue to $80.2 million and a swing to a $645,000 profit, driven by record defense sales. Aerospace and defense accounted for $55.1 million, or nearly 69% of total revenue. The company launched its HADES high-energy laser system for military use. Cash holdings rose to $298.2 million after a February stock offering. The post nLIGHT Stock Jumps as Defense Laser Sa…
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
