Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 66

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 66
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 as follows:  Year EndedDecember 31, 2024Shares issued (in thousands)303 Weighted-average per share purchase price$8.99 Weighted-average per share discount from the fair value of our common stock on date of issuance$1.59 As of December 31, 2024, there were 4.7 million shares available for grant under the ESPP.Stock-Based CompensationTotal stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands):Year Ended December 31,202420232022Cost of revenues$2,438 $2,406 $2,677 Research and development7,505 9,866 11,675 Sales, general and administrative15,018 13,560 12,405 $24,961 $25,832 $26,757 

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Unrecognized Compensation CostsAs of December 31, 2024, total unrecognized stock-based compensation was $30.1 million, which will be recognized over an average expected recognition period of 1.9 years.

Note 17 - 401(k) Plan

We have a 401(k) Profit Sharing Plan and Trust (the Plan). Participation in the Plan is voluntary and is available to all employees. We may make discretionary matching or qualified non-elective contributions to the Plan. The match is recorded within the Cost of revenue and Operating expenses in the Consolidated Statements of Operations and was as follows (in thousands):Year Ended December 31,202420232022401(k) match$1,282 $1,268 $1,323 

Note 18 - Segment Information

OverviewWe operate in two reportable segments consisting of the Laser Products segment and the Advanced Development segment. We organize our business segments based on the nature of products and services offered.Laser ProductsThis segment includes high-power semiconductor lasers and fiber lasers that are typically integrated into laser systems or manufacturing tools built by our customers. This segment also includes fiber amplifiers and beam combination and control systems for use in high-energy laser (HEL) systems in directed energy applications, and laser sensing products used in a wide range of defense applications.Advanced DevelopmentThis segment focuses on research, design, and prototyping of next-generation laser technologies for the defense industry, including the development of custom high-power fiber lasers and advanced beam combining technologies.Selected Financial Data by Business SegmentOur Chief Executive Officer serves as the chief operating decision maker (CODM) and is responsible for reviewing