Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 4

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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 (0.1)1.7 Loss before income taxes(9.9)(17.9)(10.1)(23.3)Income tax expense0.4 0.5 0.2 0.3 Net loss(10.3)%(18.4)%(10.3)%(23.6)%

Revenues by End Market

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

Three Months Ended September 30,Change2025% of Revenue2024% of Revenue$%Aerospace and Defense$45,554 68.3 %$30,278 54.0 %$15,276 50.5 %Industrial9,577 14.3 11,588 20.6 (2,011)(17.4)Microfabrication11,611 17.4 14,263 25.4 (2,652)(18.6)$66,742 100.0 %$56,129 100.0 %$10,613 18.9 %

21

Nine Months Ended September 30,Change2025% of Revenue2024% of RevenueAmount%Aerospace and Defense$118,955 66.1 %$79,413 52.5 %$39,542 49.8 %Industrial28,179 15.6 36,478 24.1 (8,299)(22.8)Microfabrication33,011 18.3 35,276 23.4 (2,265)(6.4)$180,145 100.0 %$151,167 100.0 %$28,978 19.2 %

The increases in revenue from the Aerospace and Defense market for the three and nine months ended September 30, 2025, compared to the same periods in 2024, were driven primarily by increased unit sales of directed energy laser products and progress on existing research and development contracts. The decreases in revenue from the Industrial market for the three and nine months ended September 30, 2025, compared to the same periods in 2024, were primarily the result of decreased unit sales due to lower customer demand and deteriorating market conditions across all regions. The decreases in revenue from the Microfabrication market for the three and nine months ended September 30, 2025 compared to the