Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 44

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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$%North America$46,682 69.9 %$36,332 64.7 %$10,350 28.5 %Asia Pacific9,280 13.9 11,211 20.0 (1,931)(17.2)EMEA10,780 16.2 8,586 15.3 2,194 25.6 $66,742 100.0 %$56,129 100.0 %$10,613 18.9 %

22

Nine Months Ended September 30,Change2025% of Revenue2024% of RevenueAmount%North America$127,938 71.0 %$100,696 66.6 %$27,242 27.1 %Asia Pacific27,070 15.0 30,322 20.1 (3,252)(10.7)EMEA25,137 14.0 20,149 13.3 4,988 24.8 $180,145 100.0 %$151,167 100.0 %$28,978 19.2 %

Geographic revenue information is based on the location to which we ship our products. The increases in North America revenue for the three and nine months ended September 30, 2025 compared to the same periods in 2024, were due to increased revenue from the Aerospace and Defense market, partially offset by decreased revenue from the Industrial and Microfabrication markets. The decreases in Asia Pacific revenue for the three and nine months ended September 30, 2025 compared to the same periods in 2024 were the result of decreased revenue from the Industrial and Microfabrication markets, which was partially offset by increased revenue from the Aerospace and Defense market. The increases in EMEA revenue for the three and nine months ended September 30, 2025 compared to the same periods in 2024 were primarily 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 demand from our customers. We expense all warranty costs and inventory provisions as cost of revenues. 

Cost of Advanced Development revenue consists of materials,