Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 41

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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 primarily attributable to an increase in unit sales of semiconductor lasers and the timing of customer shipments.

Revenues by Segment

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

Three Months Ended June 30,Change2025% of Revenue2024% of Revenue$%Laser Products$40,824 66.1 %$34,458 68.2 %$6,366 18.5 %Advanced Development20,911 33.9 16,053 31.8 4,858 30.3 $61,735 100.0 %$50,511 100.0 %$11,224 22.2 %

Six Months Ended June 30,Change2025% of Revenue2024% of RevenueAmount%Laser Products$76,502 67.5 %$63,828 67.2 %$12,674 19.9 %Advanced Development36,901 32.5 31,210 32.8 5,691 18.2 $113,403 100.0 %$95,038 100.0 %$18,365 19.3 %

The increases in Laser Products revenue for the three and six months ended June 30, 2025 compared to the same periods in 2024 were the result of increased revenue from the Aerospace and Defense market and the Microfabrication market, as discussed above, partially  offset by decreases in revenue from the Industrial market. The increases in Advanced Development revenue for the three and six months ended June 30, 2025, compared to the same periods in 2024, were 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 June 30,Change2025% of Revenue2024% of Revenue$%North America$45,171 73.2 %$35,640 70.6 %$9,531 26.7 %Asia Pacific8,662 14.0 9,077 18.0 (415)(4.6)EMEA7,902 12.8 5,794 11.4 2,108 36.4 $61,735 100.0