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Stock impact report

Is nLIGHT's Record A&D Revenues Enough to Hit 40% Growth Target? [Yahoo! Finance]

IPG Photonics Corporation (IPGP) 
Last ipg photonics corporation earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ipgphotonics.com
Company Research Source: Yahoo! Finance
of $61.7 million, representing an increase of 22% year over year. The company also delivered net non-GAAP profit of 6 cents per share against a net loss of 10 cents during the same quarter last year. The main driver was aerospace and defense (A&D), which delivered record revenues of $40.7 million, accounting for two-thirds of total sales. Defense products were especially strong, growing 74.5% year over year, supported by shipments into the HELSI-2 program. This $171 million U.S. Department of Defense (DoD) contract aims to build a 1-megawatt high-energy laser by 2026. nLIGHT is also advancing work on the Army's DE M-SHORAD short-range air defense system, with field testing expected to progress as per schedule. In addition, management highlighted growing opportunities under the Golden Dome missile defense initiative and new international wins in directed energy. Laser sensing is another area gaining traction, with products used in missile guidance, range finding, and countermeasure Show less Read more
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