Company: LASR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001124796-25-000053
Chunk: 36

Company: NLIGHT, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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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. The decrease in Asia Pacific revenue for the three months ended March 31, 2025 compared to the same period in 2024 was the result of decreased revenue from the Industrial and Microfabrication markets, partially offset by increased revenue from the Aerospace and Defense market. The increase in EMEA revenue for the three months ended March 31, 2025 compared to the same period in 2024 was due to increased revenue from the Microfabrication market and Aerospace and Defense market, partially offset by decreased revenue from the Industrial market.

Cost of Revenues and Gross Margin 

Cost of Laser Products revenue consists primarily of manufacturing materials, labor, shipping and handling costs, tariffs and manufacturing-related overhead. We order materials and supplies based on backlog and forecasted customer orders. We expense all warranty costs and inventory provisions as cost of revenues. 

Cost of Advanced Development revenue consists of materials, labor, subcontracting costs, and an allocation of indirect costs including overhead and general and administrative.

19

Our gross profit and gross margin were as follows for the periods presented (dollars in thousands):

Three Months Ended March 31, 2025Laser ProductsAdvanced DevelopmentCorporate and OtherTotalGross profit$12,524 $1,845 $(570)$13,799 Gross margin35.1 %11.5 %NM*26.7 %

Three Months Ended March 31, 2024Laser ProductsAdvanced DevelopmentCorporate and OtherTotalGross profit$6,680 $1,349 $(541)$7,488 Gross margin22.7 %8.9 %NM*16.8 %

*NM = not