Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 35

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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 6,178 5,834 Sales, general and administrative6,187 3,852 13,828 11,298 $9,362 $6,527 $21,789 $18,961 Unrecognized Compensation CostsAs of September 30, 2025, total unrecognized stock-based compensation was $92.1 million, which will be recognized over an average expected recognition period of 2.6 years.

15

Note 12 - Commitments and Contingencies

LeasesSee Note 13.Legal MattersFrom time to time, we may be subject to various legal proceedings and claims in the ordinary course of business. As of September 30, 2025 we believe these matters will not have a material adverse effect on our consolidated financial statements.

Note 13 - Leases 

We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space. Facilities-related operating leases have remaining terms of 0.2 to 9.7 years, and some leases include options to extend up to 10 years. Other leases for automobiles, manufacturing and office and computer equipment have remaining lease terms of 0.1 to 3.1 years. These leases are primarily operating leases; financing leases are not material. We did not include any renewal options in our lease terms for calculating the lease liabilities as we are not reasonably certain we will exercise the options at this time. The weighted-average remaining lease term for the lease obligations was 6 years as of September 30, 2025, and the weighted-average discount rate was 4.3%.The components of lease expense related to operating leases were as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Lease expense:Operating lease expense$756 $943 $2,335 $2,773 Short-term lease expense129 139 246 265 Variable and other lease expense282 273 841 793 $1,167 $1,355 $3,422 $3,831 Future minimum payments under our non-cancelable lease obligations were as follows as of September 30, 2025 (in thousands): 2025$721 20262,673 20272,282 20281,763 20291,028 Thereafter4,417 Total minimum lease payments12,884 Less: interest(1,575)Present