Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 42

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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.0 — Total operating expenses42.0 43.4 41.2 47.0 Loss from operations(10.9)(21.0)(11.8)(25.9)Other income:Interest income1.6 0.7 2.2 0.9 Interest expense(0.5)— (0.4)— Other (expense) income, net(0.1)2.4 (0.1)1.7 Loss before income taxes(9.9)(17.9)(10.1)(23.3)Income tax expense0.4 0.5 0.2 0.3 Net loss(10.3)%(18.4)%(10.3)%(23.6)%

Revenues by End Market

Our revenues by end market were as follows for the periods presented (dollars in thousands):

Three Months Ended September 30,Change2025% of Revenue2024% of Revenue$%Aerospace and Defense$45,554 68.3 %$30,278 54.0 %$15,276 50.5 %Industrial9,577 14.3 11,588 20.6 (2,011)(17.4)Microfabrication11,611 17.4 14,263 25.4 (2,652)(18.6)$66,742 100.0 %$56,129 100.0 %$10,613 18.9 %

21

Nine Months Ended September 30,Change2025% of Revenue2024% of RevenueAmount%Aerospace and Defense$118,955 66.1 %$79,413 52.5 %$39,542 49.8 %Industrial28,179 15.6 36,478 24.1 (8,299)(22.8)Microfabrication33,011 18.3 35,276 23.4 (2,265)(6.4)$180,145 100.0 %$151,167 100.0 %$28,978 19.2 %

The increases in revenue from the Aerospace and Defense market for the three and nine months ended September 30, 2025, compared to the same periods in 2024, were driven primarily by increased unit sales of directed