Shares of nLIGHT (LASR) plummeted by over 25% on Thursday morning, following the company's release of its Q3 2024 earnings results. The semiconductor laser manufacturer reported revenue growth for the quarter but continued to post sizable losses, disappointing investors and raising concerns about its ability to achieve consistent profitability.

nLIGHT's Q3 revenue increased year-over-year, driven by strong demand for its cutting-edge laser products. However, the company's bottom line remained deeply in the red, with mounting losses that exceeded analysts' expectations. The sustained lack of profitability raised alarms among investors, who were hoping for a clear path to profitability.

The earnings miss and lack of a concrete plan to achieve sustained profitability appears to have spooked investors, leading to a sharp sell-off in nLIGHT's stock price. Analysts caution that the company may need to provide a more comprehensive strategy for managing costs and achieving consistent profitability to restore confidence and stabilize the stock.