Company: LASR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001124796-25-000053
Chunk: 15

Company: NLIGHT, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 15
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 the Aerospace and Defense market for the three months ended March 31, 2025 compared to the same period in 2024 was driven primarily by increased unit sales of directed energy laser products.

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Revenues by Segment

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

Three Months Ended March 31,Change2025% of Revenue2024% of Revenue$%Laser Products$35,678 69.1 %$29,370 66.0 %$6,308 21.5 %Advanced Development15,990 30.9 15,157 34.0 833 5.5 $51,668 100.0 %$44,527 100.0 %$7,141 16.0 %

The increase in Laser Products revenue for the three months ended March 31, 2025 compared to the same period in 2024 was the result of increased units sales from the Aerospace and Defense end market, partially offset by lower units sales from the Industrial and Microfabrication markets. The increase in Advanced Development revenue for the three months ended March 31, 2025 compared to the same period in 2024 was driven by progress on existing research and development contracts. All Advanced Development revenue is included in the Aerospace and Defense market.

Revenues by Geographic Region

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

Three Months Ended March 31,Change2025% of Revenue2024% of Revenue$%North America$36,085 69.8 %$28,724 64.5 %$7,361 25.6 %Asia Pacific9,128 17.7 10,034 22.5 (906)(9.0)EMEA(1)6,455 12.6 5,769 13.0 686 11.9 $51,668 100.0 %$44,527 100.0 %$7,141 16.0 %

(1) EMEA consists of Europe, the Middle East, and Africa.

Geographic revenue information is based on the location to which we ship our products. The increase in North America Revenue for the three months ended March 31, 2025 was due to increased revenue from the Aerospace and Defense market, partially offset by decreased revenue from the Industrial and Microfabrication markets.