Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 34

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 34
---
 to operating leases were as follows (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Lease expense:Operating lease expense$763 $912 $1,579 $1,831 Short-term lease expense73 58 117 127 Variable and other lease expense286 274 559 517 $1,122 $1,244 $2,255 $2,475 Future minimum payments under our non-cancelable lease obligations were as follows as of June 30, 2025 (in thousands): 2025$1,531 20262,679 20272,282 20281,763 20291,028 Thereafter4,417 Total minimum lease payments13,700 Less: interest(1,703)Present value of net minimum lease payments11,997 Less: current portion of lease liabilities(2,413)Total long-term lease liabilities$9,584 

Note 14 - Segment Information 

We 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.

15

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 segment performance and making decisions regarding resource allocation. Our CODM uses metrics such as revenue, gross profit, and gross margin to evaluate each segment's performance by comparing the metrics to historical results and previously forecasted financial information. Our CODM does not evaluate operating segments using asset or liability information. The following table summarizes the operating results by reportable segment for the periods presented (dollars in thousands):Three Months Ended June 30, 2025Laser ProductsAdvanced DevelopmentCorporate and OtherTotalsRevenue$40,824 $20,911 $— $61,735 Gross profit$16,317 $2,738