So, Divisar Capital, they dumped a chunk of nLIGHT. $9.6 million worth. Fine. Hedge funds do what hedge funds do. But the way they did it. It’s just… inconsiderate. Like, couldn’t they have spaced it out? A little at a time? Now everyone’s looking at this and thinking something’s wrong. It’s disruptive. They sold 287,005 shares in the fourth quarter of 2025. 287,005! It’s not a round number. What is this, amateur hour?
They still held onto 288,438 shares afterward. Which, okay, fine, they clearly weren’t completely panicking. But it sends a mixed message. Are they in or are they out? It’s like when someone says “I’m fine” but they’re clearly not fine. Just pick a side!
And now, everyone’s pointing out nLIGHT’s performance. Up 392.2% over the last year. Great. Wonderful. But what does that even mean? It’s just a number. And the stock hit a 52-week high of $69.52 on March 4th. Of course it did. Everything goes up eventually. It’s the law of averages, people. It doesn’t make them geniuses.
The company had revenue of $261.3 million in 2025, a 32% increase. Impressive, I guess. But they’re still losing money. A net loss of $23.5 million. They lost less than last year, which is…progress? I don’t know. It’s like saying you’re only slightly miserable. Is that supposed to make me feel better?
And now, the price-to-sales ratio is over 11. Eleven! That’s ridiculous. It’s a bubble waiting to burst. Everyone’s acting like this is some kind of sustainable growth, but it’s not. It’s a house of cards. They’re saying it’s a good time to sell, not buy. They’re stating the obvious! I could have told you that. Everyone could have told you that.
Here’s what’s really bothering me: this whole situation highlights a fundamental flaw in the market. Everyone’s chasing these high-growth companies, ignoring the fact that they’re often unprofitable. It’s irresponsible. It’s a recipe for disaster. And Divisar, with their little sale, is just adding fuel to the fire. They’re enabling the madness. It’s just… frustrating.
Let’s look at their top holdings as of February 17, 2026:
- NYSE: ONTO: $33.53 million (9.4% of AUM)
- NASDAQ: LITE: $32.08 million (9.0% of AUM)
- NASDAQ: ADTN: $25.95 million (7.3% of AUM)
- NYSE: PII: $25.59 million (7.2% of AUM)
- NASDAQ: UCTT: $24.05 million (6.8% of AUM)
I mean, what is all this? It’s just a bunch of acronyms and percentages. And nobody seems to notice that the whole thing is completely absurd. It’s like we’re all living in a simulation, and the programmers have a terrible sense of humor. And Divisar? They’re just… contributing.
| Metric | Value |
|---|---|
| Market capitalization | $3.27 billion |
| Revenue (TTM) | $261.33 million |
| Net income (TTM) | ($23.47 million) |
nLIGHT designs and manufactures lasers. Fine. Good for them. But it doesn’t change the fact that this whole thing is a mess. A beautiful, frustrating, utterly pointless mess.
Read More
- Building 3D Worlds from Words: Is Reinforcement Learning the Key?
- Gold Rate Forecast
- Securing the Agent Ecosystem: Detecting Malicious Workflow Patterns
- Wuthering Waves – Galbrena build and materials guide
- 2025 Crypto Wallets: Secure, Smart, and Surprisingly Simple!
- The Best Directors of 2025
- Games That Faced Bans in Countries Over Political Themes
- The Most Anticipated Anime of 2026
- Top 20 Educational Video Games
- SEGA Sonic and IDW Artist Gigi Dutreix Celebrates Charlie Kirk’s Death
2026-03-09 08:53