Company: LASR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001124796-25-000053
Chunk: 8

Company: NLIGHT, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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Number of Options (Thousands)Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (Thousands)Outstanding, December 31, 2024859 $1.432.0$7,783Options exercised(148)0.82Outstanding, March 31, 2025711 1.562.04,444Options exercisable at March 31, 2025711 1.562.04,444Options vested as of March 31, 2025, and expected to vest after March 31, 2025711 1.562.04,444Total intrinsic value of options exercised for the three months ended March 31, 2025 and 2024, was $1.3 million and $0.1 million, respectively. We received proceeds of $0.1 million and $10 thousand from the exercise of options for the three months ended March 31, 2025 and 2024, respectively.Stock-Based CompensationTotal stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands):Three Months Ended March 31,20252024Cost of revenues$570 $541 Research and development1,784 1,613 Sales, general and administrative3,702 3,277 $6,056 $5,431 Unrecognized Compensation CostsAs of March 31, 2025, total unrecognized stock-based compensation was $24.1 million, which will be recognized over an average expected recognition period of 1.7 years.

Note 12 - Commitments and Contingencies

LeasesSee Note 13.Legal MattersFrom time to time, we may be subject to various legal proceedings and claims in the ordinary course of business. As of March 31, 2025 we believe these matters will not have a material adverse effect on our consolidated financial statements.

Note 13 - Leases 

We lease real estate space under non-cancelable operating lease agreements for commercial and industrial space. Facilities-related operating leases have remaining terms of 0.1 to 10.2 years, and some leases include options to extend up to 10 years. Other leases for automobiles, manufacturing and office and computer equipment have remaining lease terms of 0.4 to 3.6 years. These leases are primarily operating leases; financing leases are not material. We did not include any renewal options in our lease terms for calculating the lease liabilities as we