Semiconductor and fiber laser manufacturer nLIGHT Inc. reported another quarterly net loss in its latest earnings report Thursday.
The Camas-based company lost $11.9 million, 26 cents per diluted share, in its third quarter of 2023, an improvement from its $13 million loss in the third quarter of 2022. The quarter ended Sept. 30.
nLIGHT has experienced a net loss for several quarters since early 2022. But the company’s sales for the third quarter came in about as expected. The company brought in $50.6 million in revenue, a more than 15 percent decrease compared with $60.1 million in the third quarter of 2022.
The U.S. Department of Defense did expand its High Energy Laser Scaling Initiative contract with nLIGHT to $171 million. The company, which announced the contract expansion Thursday, will develop a 1 megawatt directed energy laser prototype for the government program.
