Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 46

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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 thousands):

Research and Development

Three Months Ended September 30,Change20252024$%Research and development$11,534 $11,328 $206 1.8 %

Nine Months Ended September 30,Change20252024Amount%Research and development$33,920 $33,723 $197 0.6 %

The increases in research and development expense for the three and nine months ended September 30, 2025 compared to the same periods in 2024 were primarily attributable to increases in incentive compensation and increases in stock-based compensation of $0.5 million and $0.3 million for the three and nine months ended September 30, 2025, respectively, partially offset by decreases in employee compensation due to reductions in headcount and decreases in outside services. 

Sales, General and Administrative

Three Months Ended September 30,Change20252024$%Sales, general, and administrative$14,785 $13,021 $1,764 13.5 %

Nine Months Ended September 30,Change20252024Amount%Sales, general, and administrative$38,501 $37,372 $1,129 3.0 %

The increases in sales, general and administrative expense for the three and nine months ended September 30, 2025, compared to the same periods in 2024, were driven primarily by increases in employee and incentive compensation, and increases in stock-based compensation of $2.3 million and $2.5 million, respectively, partially offset by decreases in bad debt expense, increases in bad debt recoveries, and a higher allocation of costs from sales, general and administrative to development projects.  

24

Restructuring

Restructuring included the following (in thousands):

 Three Months Ended September 30,Change20252024$%Employee termination costs$942 $— $942 NM*Write-down of long-lived assets 791 — 791 NM*$1,733 $— $1,733 NM*

Nine Months Ended September 30,Change20252024$%Employee termination costs$942 $— $942 NM*Write-down of long-lived assets 791 — 791 NM*$1,733 $— $1,733 NM*

*NM = Not meaningful 

We implemented restructuring plans in the three months ended September 2025 which resulted in reductions of headcount in China and write-down of certain long