nLIGHT, Inc. Announces Second Quarter 2019 Results
“During the quarter we saw growing customer interest in Corona, our programmable fiber laser solution, which contributed to the continued growth of our industrial end market outside of China,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “Within the Chinese industrial market, we began ramping sales of our 12kW fiber laser. These developments helped us execute to the financial outlook we provided back in May, despite a challenging environment in China.
“Sales in our microfabrication end market increased following a slower first quarter and aerospace and defense again delivered strong year-over-year growth. Our differentiated technology in each of our end markets positions us well for the favorable long-term trends we see in the adoption of high-power
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