NLIGHT Net Income vs Operating Income Analysis

LASR Stock  USD 11.23  3.45  23.50%   
NLIGHT financial indicator trend analysis is infinitely more than just investigating nLIGHT Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether nLIGHT Inc is a good investment. Please check the relationship between NLIGHT Net Income and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nLIGHT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nLIGHT Inc Net Income account and Operating Income. At this time, the significance of the direction appears to have totally related.
The correlation between NLIGHT's Net Income and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of nLIGHT Inc, assuming nothing else is changed. The correlation between historical values of NLIGHT's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of nLIGHT Inc are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., NLIGHT's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in nLIGHT Inc financial statement analysis. It represents the amount of money remaining after all of nLIGHT Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from nLIGHT Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of nLIGHT Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from NLIGHT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into nLIGHT Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nLIGHT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
As of 11/11/2024, Tax Provision is likely to grow to about (1 M). In addition to that, Selling General Administrative is likely to drop to about 39.4 M
 2023 2024 (projected)
Depreciation And Amortization16.0M14.2M
Interest Income89.7K85.2K

NLIGHT fundamental ratios Correlations

-0.520.880.881.00.970.990.890.66-0.79-0.650.830.830.930.670.37-0.970.950.970.910.90.910.54-0.97-0.110.96
-0.52-0.36-0.19-0.58-0.49-0.56-0.09-0.190.810.0-0.17-0.76-0.21-0.69-0.120.69-0.72-0.43-0.31-0.64-0.26-0.050.690.9-0.44
0.88-0.360.960.860.880.830.80.68-0.67-0.550.890.740.850.540.56-0.850.80.840.850.90.790.37-0.850.010.8
0.88-0.190.960.840.870.820.890.65-0.61-0.580.960.690.90.410.53-0.790.760.850.870.80.820.37-0.790.220.81
1.0-0.580.860.840.970.990.850.64-0.81-0.630.790.850.90.70.34-0.980.970.970.890.910.890.53-0.98-0.180.96
0.97-0.490.880.870.970.970.890.74-0.72-0.690.770.750.930.780.51-0.950.910.980.920.90.920.61-0.95-0.070.97
0.99-0.560.830.820.990.970.850.68-0.78-0.670.740.810.90.730.32-0.970.960.980.880.910.90.59-0.97-0.170.98
0.89-0.090.80.890.850.890.850.67-0.45-0.780.820.510.990.480.41-0.760.70.910.930.70.950.67-0.760.340.91
0.66-0.190.680.650.640.740.680.67-0.26-0.880.470.380.690.640.42-0.670.570.760.680.650.780.71-0.670.130.7
-0.790.81-0.67-0.61-0.81-0.72-0.78-0.45-0.260.09-0.66-0.98-0.53-0.55-0.250.84-0.91-0.67-0.56-0.78-0.480.00.840.56-0.67
-0.650.0-0.55-0.58-0.63-0.69-0.67-0.78-0.880.09-0.42-0.2-0.76-0.52-0.180.59-0.49-0.77-0.7-0.54-0.86-0.920.59-0.32-0.74
0.83-0.170.890.960.790.770.740.820.47-0.66-0.420.730.830.250.46-0.730.730.750.790.690.710.18-0.730.210.71
0.83-0.760.740.690.850.750.810.510.38-0.98-0.20.730.580.540.28-0.870.940.710.60.80.530.05-0.87-0.480.69
0.93-0.210.850.90.90.930.90.990.69-0.53-0.760.830.580.560.45-0.830.770.940.970.760.970.65-0.830.220.94
0.67-0.690.540.410.70.780.730.480.64-0.55-0.520.250.540.560.52-0.790.710.710.590.730.620.6-0.79-0.420.71
0.37-0.120.560.530.340.510.320.410.42-0.25-0.180.460.280.450.52-0.410.290.350.490.360.340.09-0.410.130.31
-0.970.69-0.85-0.79-0.98-0.95-0.97-0.76-0.670.840.59-0.73-0.87-0.83-0.79-0.41-0.97-0.93-0.85-0.93-0.84-0.51.00.32-0.91
0.95-0.720.80.760.970.910.960.70.57-0.91-0.490.730.940.770.710.29-0.970.890.760.910.760.39-0.97-0.370.88
0.97-0.430.840.850.970.980.980.910.76-0.67-0.770.750.710.940.710.35-0.930.890.920.880.950.68-0.93-0.020.99
0.91-0.310.850.870.890.920.880.930.68-0.56-0.70.790.60.970.590.49-0.850.760.920.780.960.59-0.850.10.91
0.9-0.640.90.80.910.90.910.70.65-0.78-0.540.690.80.760.730.36-0.930.910.880.780.770.48-0.93-0.310.86
0.91-0.260.790.820.890.920.90.950.78-0.48-0.860.710.530.970.620.34-0.840.760.950.960.770.77-0.840.140.95
0.54-0.050.370.370.530.610.590.670.710.0-0.920.180.050.650.60.09-0.50.390.680.590.480.77-0.50.210.69
-0.970.69-0.85-0.79-0.98-0.95-0.97-0.76-0.670.840.59-0.73-0.87-0.83-0.79-0.411.0-0.97-0.93-0.85-0.93-0.84-0.50.32-0.91
-0.110.90.010.22-0.18-0.07-0.170.340.130.56-0.320.21-0.480.22-0.420.130.32-0.37-0.020.1-0.310.140.210.32-0.04
0.96-0.440.80.810.960.970.980.910.7-0.67-0.740.710.690.940.710.31-0.910.880.990.910.860.950.69-0.91-0.04
Click cells to compare fundamentals

NLIGHT Account Relationship Matchups

NLIGHT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets250.0M283.6M373.6M329.2M309.3M271.8M
Short Long Term Debt Total51K13.0M17.7M15.6M14.2M13.4M
Other Current Liab11.6M15.3M14.7M12.8M12.6M13.6M
Total Current Liabilities25.0M41.4M45.8M34.5M32.8M34.5M
Total Stockholder Equity216.6M219.9M302.1M270.8M254.4M216.2M
Other Liab8.3M11.8M11.1M11.0M12.7M9.4M
Net Tangible Assets196.7M199.1M283.0M254.4M292.6M193.6M
Property Plant And Equipment Net27.7M56.8M73.1M74.6M64.9M49.4M
Current Deferred Revenue679K2.5M1.6M1.4M4.8M5.1M
Net Debt(117.2M)(89.2M)(128.9M)(42.2M)(39.1M)(41.0M)
Retained Earnings(117.5M)(138.4M)(168.1M)(222.6M)(264.3M)(251.1M)
Accounts Payable12.7M21.1M26.3M17.5M12.2M17.1M
Cash117.3M102.3M146.5M57.8M53.2M93.1M
Non Current Assets Total51.4M83.1M96.4M98.5M88.7M68.8M
Non Currrent Assets Other3.7M5.5M(381K)4.3M6.9M3.7M
Other Assets3.7M29.5M4.1M7.5M8.6M9.4M
Cash And Short Term Investments117.3M102.3M146.5M108.2M112.9M108.2M
Net Receivables27.1M31.8M41.6M37.9M46.9M32.6M
Good Will9.9M12.5M12.4M12.4M12.4M8.8M
Common Stock Shares Outstanding37.1M38.4M42.1M44.4M46.1M40.7M
Liabilities And Stockholders Equity250.0M283.6M373.6M329.2M309.3M271.8M
Non Current Liabilities Total8.3M22.4M25.7M23.9M22.1M21.1M
Capital Surpluse324.7M336.7M358.5M470.8M541.4M334.5M
Inventory46.1M54.7M73.7M67.6M52.2M52.0M
Other Current Assets8.1M11.8M15.4M17.0M8.6M9.4M
Other Stockholder Equity336.7M358.5M470.8M496.2M521.2M390.8M
Total Liab33.4M63.7M71.5M58.4M54.9M55.6M
Property Plant And Equipment Gross27.7M56.8M73.1M74.6M160.3M168.3M
Short Long Term Debt2.4M91K51K184K165.6K157.3K
Total Current Assets198.6M200.6M277.2M230.8M220.6M203.1M
Accumulated Other Comprehensive Income(2.7M)(259K)(587K)(2.7M)(2.5M)(2.6M)
Non Current Liabilities Other1.9M22.2M4.0M4.3M3.3M5.5M
Short Term Debt51K2.5M3.1M2.8M3.2M2.1M
Intangible Assets10.0M8.3M6.7M4.0M1.7M1.6M
Property Plant Equipment27.7M44.5M73.1M74.6M85.8M43.5M

Pair Trading with NLIGHT

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NLIGHT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NLIGHT will appreciate offsetting losses from the drop in the long position's value.

Moving together with NLIGHT Stock

  0.64KN Knowles CorPairCorr
The ability to find closely correlated positions to NLIGHT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NLIGHT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NLIGHT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling nLIGHT Inc to buy it.
The correlation of NLIGHT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NLIGHT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if nLIGHT Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NLIGHT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for NLIGHT Stock Analysis

When running NLIGHT's price analysis, check to measure NLIGHT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.