Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 29

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 29
---
   Commercial paper1,548 — — 1,548 23,181 — — 23,181 Marketable Securities:  U.S. treasuries34,888 — — 34,888 Total$58,069 $— $— $58,069 December 31, 2024Level 1Level 2Level 3TotalCash Equivalents:  Money market securities$20,488 $— $— $20,488   Commercial paper1,773 — — 1,773 22,261 — — 22,261 Marketable Securities:  U.S. treasuries34,868 — — 34,868 Total$57,129 $— $— $57,129 Cash EquivalentsThe fair value of cash equivalents is determined based on quoted market prices for similar or identical securities.Marketable SecuritiesMarketable securities consist primarily of highly liquid investments with original maturities of greater than 90 days when purchased. We classify our marketable securities as available-for-sale, as they represent investments that are available to be sold for current operations, and value them utilizing a market approach that uses observable inputs without applying significant judgment.

10

Note 5 - Inventory

Inventory is stated at the lower of average cost (principally standard cost, which approximates actual cost on a first-in, first-out basis) and net realizable value. Inventory includes raw materials and components that may be specialized in nature and subject to obsolescence. On a quarterly basis, we review inventory quantities on hand in comparison to our past consumption, recent purchases, and other factors to determine what inventory quantities, if any, may not be sellable. Based on this analysis, we write down the affected inventory value for estimated excess and obsolescence charges. At the point of loss recognition, a new, lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Inventory consisted of the following (in thousands):As ofJune 30, 2025December 31, 2024Raw materials$23,438 $19,165 Work in process and semi-finished goods21,045 17,390 Finished goods3,812 4,245 $48,295 $40,800 

Note 6 - Property