nLight
nLight
Revenue: Not available
Headquarters: Vancouver, Wash.
Industry: Laser technology
Founded: 2000
Employees: 450

Flexibility and tenacity are key entrepreneurial traits, and Scott Keeney has both in spades. In 2000 the former McKinsey consultant raised a boatload of venture capital to launch nLight, which made lasers designed to improve the performance of fiber-optic telecom networks. A year later the global telecom market collapsed. Keeney laid off employees and developed new uses for his semiconductor laser diodes (right), which today are employed in applications like laser hair removal and on fighter jets to confuse heat-seeking missiles. Though nLight doesn't disclose revenue, Keeney says his firm is profitable, and he expects sales to rise 50% this year. It competes in a crowded, roughly $900 million annual market, but one that's growing at more than 15%, according to analyst Tom Hausken of Strategies Unlimited, a market research firm. Hausken thinks nLight can expand by selling more complete laser systems as well as components.

--R.M.M.


Last updated August 03 2011: 6:22 PM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.