NLight, a manufacturer of high-power semiconductor and fibre lasers, has reported an almost 60 per cent year-over-year increase in Q2 industrial and microfabrication sales in China.
The firm also reported a 49.2 per cent year-over-year increase in total Q2 revenue, growing to $51.7m from $34.7m.
Income from operations for Q2 was $5.5 million, or $0.14 per diluted share, compared to the net loss of $0.2 million, or $0.01 per diluted common share, experienced in Q2 2017. Lastly, the firm achieved a gross margin of 34.2 per cent for the quarter, compared to 30.8 per cent for Q2 last year.
‘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 CEO. 'Industrial and microfabrication business was particularly strong in China in the quarter, with the region growing almost 60 per cent 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.'