nLIGHT Inc

LASR remains entrenched in a Stage 4 downtrend below declining EMAs with active lower highs & lower lows, and a recent Bearish Exhaustion pattern signaling potential stabilization. The medium-term bias is bearish, so execution favors trimming into shallow rallies toward the declining 9- and 20-period EMAs. A decisive close and hold above the 20-period EMA would invalidate this bearish posture.

• ↑Q2 revenue $82.6M (+33.8% YoY) with non-GAAP net income of $2.9M.
• ↑Broad demand across laser product lines underpins defense contract wins.
• ↓Negative earnings yield indicates potential overvaluation risk.