Company: nLIGHT, Inc.
Symbol: LASR
Description: They are a leading provider of high-power semiconductor and fiber lasers.
Trade Date: 4/27 (UPDATE: Offering now 4/26)
Shares: 5.4 million
Price Range: $13.00-$15.00
Underwriter(s): Stifel, Raymond James
Co-Manager(s): Needham & Co., Canaccord Genuity, D.A. Davidson
Terms Added: 4-16-18
Business: Their lasers are changing not only the way things are made but also the things that can be made. They design, develop and manufacture the critical elements of their lasers, and they believe their vertically integrated business model enables them to rapidly introduce innovative products, control their costs and protect their intellectual property. In 2017, they sold their products to over 300 customers worldwide in three primary markets: industrial, microfabrication, and aerospace and defense.
Their semiconductor lasers are the industry’s most brilliant and serve as the core building block of all of their products. Their vertical integration enables them to incorporate their semiconductor lasers into their proprietary fiber lasers and also to sell their semiconductor lasers as standalone solutions. They offer differentiated high-power fiber lasers that provide their customers with significant advantages over legacy fiber lasers in the areas of programmability, serviceability and reliability. By engaging with their customers early in their system design cycle and utilizing their platform-based approach to product design, they are able to offer semiconductor and fiber laser solutions optimized to meet their customers’ requirements.
Financials: They generated revenues of $138.6 million and $101.3 million in 2017 and 2016, respectively, and net income (loss) of $1.8 million and $(14.2) million in 2017 and 2016, respectively.
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