NLIGHT Operating Income vs Cost Of Revenue 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 Operating Income and its Cost Of Revenue 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.

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of nLIGHT Inc Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between NLIGHT's Operating Income and Cost Of Revenue is -0.7. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue 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 Operating Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of nLIGHT Inc are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Operating Income i.e., NLIGHT's Operating Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Cost Of Revenue

Cost of Revenue is found on nLIGHT Inc income statement and represents the costs associated with goods and services NLIGHT provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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 Amortization	16.0M	14.2M
Interest Income	89.7K	85.2K

Depreciation And Amortization Interest Income

NLIGHT fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse
Total Assets		-0.52	0.88	0.88	1.0	0.97	0.99	0.89	0.66	-0.79	-0.65	0.83	0.83	0.93	0.67	0.37	-0.97	0.95	0.97	0.91	0.9	0.91	0.54	-0.97	-0.11	0.96
Short Long Term Debt Total	-0.52		-0.36	-0.19	-0.58	-0.49	-0.56	-0.09	-0.19	0.81	0.0	-0.17	-0.76	-0.21	-0.69	-0.12	0.69	-0.72	-0.43	-0.31	-0.64	-0.26	-0.05	0.69	0.9	-0.44
Other Current Liab	0.88	-0.36		0.96	0.86	0.88	0.83	0.8	0.68	-0.67	-0.55	0.89	0.74	0.85	0.54	0.56	-0.85	0.8	0.84	0.85	0.9	0.79	0.37	-0.85	0.01	0.8
Total Current Liabilities	0.88	-0.19	0.96		0.84	0.87	0.82	0.89	0.65	-0.61	-0.58	0.96	0.69	0.9	0.41	0.53	-0.79	0.76	0.85	0.87	0.8	0.82	0.37	-0.79	0.22	0.81
Total Stockholder Equity	1.0	-0.58	0.86	0.84		0.97	0.99	0.85	0.64	-0.81	-0.63	0.79	0.85	0.9	0.7	0.34	-0.98	0.97	0.97	0.89	0.91	0.89	0.53	-0.98	-0.18	0.96
Other Liab	0.97	-0.49	0.88	0.87	0.97		0.97	0.89	0.74	-0.72	-0.69	0.77	0.75	0.93	0.78	0.51	-0.95	0.91	0.98	0.92	0.9	0.92	0.61	-0.95	-0.07	0.97
Net Tangible Assets	0.99	-0.56	0.83	0.82	0.99	0.97		0.85	0.68	-0.78	-0.67	0.74	0.81	0.9	0.73	0.32	-0.97	0.96	0.98	0.88	0.91	0.9	0.59	-0.97	-0.17	0.98
Property Plant And Equipment Net	0.89	-0.09	0.8	0.89	0.85	0.89	0.85		0.67	-0.45	-0.78	0.82	0.51	0.99	0.48	0.41	-0.76	0.7	0.91	0.93	0.7	0.95	0.67	-0.76	0.34	0.91
Current Deferred Revenue	0.66	-0.19	0.68	0.65	0.64	0.74	0.68	0.67		-0.26	-0.88	0.47	0.38	0.69	0.64	0.42	-0.67	0.57	0.76	0.68	0.65	0.78	0.71	-0.67	0.13	0.7
Net Debt	-0.79	0.81	-0.67	-0.61	-0.81	-0.72	-0.78	-0.45	-0.26		0.09	-0.66	-0.98	-0.53	-0.55	-0.25	0.84	-0.91	-0.67	-0.56	-0.78	-0.48	0.0	0.84	0.56	-0.67
Retained Earnings	-0.65	0.0	-0.55	-0.58	-0.63	-0.69	-0.67	-0.78	-0.88	0.09		-0.42	-0.2	-0.76	-0.52	-0.18	0.59	-0.49	-0.77	-0.7	-0.54	-0.86	-0.92	0.59	-0.32	-0.74
Accounts Payable	0.83	-0.17	0.89	0.96	0.79	0.77	0.74	0.82	0.47	-0.66	-0.42		0.73	0.83	0.25	0.46	-0.73	0.73	0.75	0.79	0.69	0.71	0.18	-0.73	0.21	0.71
Cash	0.83	-0.76	0.74	0.69	0.85	0.75	0.81	0.51	0.38	-0.98	-0.2	0.73		0.58	0.54	0.28	-0.87	0.94	0.71	0.6	0.8	0.53	0.05	-0.87	-0.48	0.69
Non Current Assets Total	0.93	-0.21	0.85	0.9	0.9	0.93	0.9	0.99	0.69	-0.53	-0.76	0.83	0.58		0.56	0.45	-0.83	0.77	0.94	0.97	0.76	0.97	0.65	-0.83	0.22	0.94
Non Currrent Assets Other	0.67	-0.69	0.54	0.41	0.7	0.78	0.73	0.48	0.64	-0.55	-0.52	0.25	0.54	0.56		0.52	-0.79	0.71	0.71	0.59	0.73	0.62	0.6	-0.79	-0.42	0.71
Other Assets	0.37	-0.12	0.56	0.53	0.34	0.51	0.32	0.41	0.42	-0.25	-0.18	0.46	0.28	0.45	0.52		-0.41	0.29	0.35	0.49	0.36	0.34	0.09	-0.41	0.13	0.31
Long Term Debt	-0.97	0.69	-0.85	-0.79	-0.98	-0.95	-0.97	-0.76	-0.67	0.84	0.59	-0.73	-0.87	-0.83	-0.79	-0.41		-0.97	-0.93	-0.85	-0.93	-0.84	-0.5	1.0	0.32	-0.91
Cash And Short Term Investments	0.95	-0.72	0.8	0.76	0.97	0.91	0.96	0.7	0.57	-0.91	-0.49	0.73	0.94	0.77	0.71	0.29	-0.97		0.89	0.76	0.91	0.76	0.39	-0.97	-0.37	0.88
Net Receivables	0.97	-0.43	0.84	0.85	0.97	0.98	0.98	0.91	0.76	-0.67	-0.77	0.75	0.71	0.94	0.71	0.35	-0.93	0.89		0.92	0.88	0.95	0.68	-0.93	-0.02	0.99
Good Will	0.91	-0.31	0.85	0.87	0.89	0.92	0.88	0.93	0.68	-0.56	-0.7	0.79	0.6	0.97	0.59	0.49	-0.85	0.76	0.92		0.78	0.96	0.59	-0.85	0.1	0.91
Common Stock Total Equity	0.9	-0.64	0.9	0.8	0.91	0.9	0.91	0.7	0.65	-0.78	-0.54	0.69	0.8	0.76	0.73	0.36	-0.93	0.91	0.88	0.78		0.77	0.48	-0.93	-0.31	0.86
Common Stock Shares Outstanding	0.91	-0.26	0.79	0.82	0.89	0.92	0.9	0.95	0.78	-0.48	-0.86	0.71	0.53	0.97	0.62	0.34	-0.84	0.76	0.95	0.96	0.77		0.77	-0.84	0.14	0.95
Short Term Investments	0.54	-0.05	0.37	0.37	0.53	0.61	0.59	0.67	0.71	0.0	-0.92	0.18	0.05	0.65	0.6	0.09	-0.5	0.39	0.68	0.59	0.48	0.77		-0.5	0.21	0.69
Long Term Debt Total	-0.97	0.69	-0.85	-0.79	-0.98	-0.95	-0.97	-0.76	-0.67	0.84	0.59	-0.73	-0.87	-0.83	-0.79	-0.41	1.0	-0.97	-0.93	-0.85	-0.93	-0.84	-0.5		0.32	-0.91
Non Current Liabilities Total	-0.11	0.9	0.01	0.22	-0.18	-0.07	-0.17	0.34	0.13	0.56	-0.32	0.21	-0.48	0.22	-0.42	0.13	0.32	-0.37	-0.02	0.1	-0.31	0.14	0.21	0.32		-0.04
Capital Surpluse	0.96	-0.44	0.8	0.81	0.96	0.97	0.98	0.91	0.7	-0.67	-0.74	0.71	0.69	0.94	0.71	0.31	-0.91	0.88	0.99	0.91	0.86	0.95	0.69	-0.91	-0.04

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NLIGHT Account Relationship Matchups

NLIGHT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	250.0M	283.6M	373.6M	329.2M	309.3M	271.8M
Short Long Term Debt Total	51K	13.0M	17.7M	15.6M	14.2M	13.4M
Other Current Liab	11.6M	15.3M	14.7M	12.8M	12.6M	13.6M
Total Current Liabilities	25.0M	41.4M	45.8M	34.5M	32.8M	34.5M
Total Stockholder Equity	216.6M	219.9M	302.1M	270.8M	254.4M	216.2M
Other Liab	8.3M	11.8M	11.1M	11.0M	12.7M	9.4M
Net Tangible Assets	196.7M	199.1M	283.0M	254.4M	292.6M	193.6M
Property Plant And Equipment Net	27.7M	56.8M	73.1M	74.6M	64.9M	49.4M
Current Deferred Revenue	679K	2.5M	1.6M	1.4M	4.8M	5.1M
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 Payable	12.7M	21.1M	26.3M	17.5M	12.2M	17.1M
Cash	117.3M	102.3M	146.5M	57.8M	53.2M	93.1M
Non Current Assets Total	51.4M	83.1M	96.4M	98.5M	88.7M	68.8M
Non Currrent Assets Other	3.7M	5.5M	(381K)	4.3M	6.9M	3.7M
Other Assets	3.7M	29.5M	4.1M	7.5M	8.6M	9.4M
Cash And Short Term Investments	117.3M	102.3M	146.5M	108.2M	112.9M	108.2M
Net Receivables	27.1M	31.8M	41.6M	37.9M	46.9M	32.6M
Good Will	9.9M	12.5M	12.4M	12.4M	12.4M	8.8M
Common Stock Shares Outstanding	37.1M	38.4M	42.1M	44.4M	46.1M	40.7M
Liabilities And Stockholders Equity	250.0M	283.6M	373.6M	329.2M	309.3M	271.8M
Non Current Liabilities Total	8.3M	22.4M	25.7M	23.9M	22.1M	21.1M
Capital Surpluse	324.7M	336.7M	358.5M	470.8M	541.4M	334.5M
Inventory	46.1M	54.7M	73.7M	67.6M	52.2M	52.0M
Other Current Assets	8.1M	11.8M	15.4M	17.0M	8.6M	9.4M
Other Stockholder Equity	336.7M	358.5M	470.8M	496.2M	521.2M	390.8M
Total Liab	33.4M	63.7M	71.5M	58.4M	54.9M	55.6M
Property Plant And Equipment Gross	27.7M	56.8M	73.1M	74.6M	160.3M	168.3M
Short Long Term Debt	2.4M	91K	51K	184K	165.6K	157.3K
Total Current Assets	198.6M	200.6M	277.2M	230.8M	220.6M	203.1M
Accumulated Other Comprehensive Income	(2.7M)	(259K)	(587K)	(2.7M)	(2.5M)	(2.6M)
Non Current Liabilities Other	1.9M	22.2M	4.0M	4.3M	3.3M	5.5M
Short Term Debt	51K	2.5M	3.1M	2.8M	3.2M	2.1M
Intangible Assets	10.0M	8.3M	6.7M	4.0M	1.7M	1.6M
Property Plant Equipment	27.7M	44.5M	73.1M	74.6M	85.8M	43.5M

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

0.64

Knowles Cor

Pair Corr

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 Correlation Correlation 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.

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