Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 8

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 General and Administrative

Three Months Ended June 30,Change20252024$%Sales, general, and administrative$11,681 $12,804 $(1,123)(8.8)%

Six Months Ended June 30,Change20252024Amount%Sales, general, and administrative$23,716 $24,351 $(635)(2.6)%

The decreases in sales, general and administrative expense for the three and six months ended June 30, 2025, compared to the same periods in 2024, were driven by decreases in bad debt expense, increases in bad debt recoveries, and a higher allocation of costs from sales, general and administrative to development projects, partially offset by an increase in incentive compensation.  The three and six months ended June 30, 2025 also included a  (decrease) increase in stock-based compensation of $(0.2) million and $0.2 million, respectively.  

23

Interest Income

Three Months Ended June 30,Change20252024$%Interest income$1,108 $479 $629 131.3%

Six Months Ended June 30,Change20252024Amount%Interest income$2,796 $954 $1,842 193.1 %

The increases in interest income for the three and six months ended June 30, 2025, compared to the same periods in 2024, were driven primarily by an increase in income earned from marketable securities and imputed interest on a long-term customer receivable.

Interest income is primarily earned from our marketable securities (U.S. treasuries), recognized using the effective yield method, and cash equivalents (money market securities). 

Beginning with the three months ended March 31, 2025, income earned from marketable securities is classified within interest income, net, rather than other income, net. This prospective change in presentation more accurately reflects the nature of the income and has no impact on total net income.

Interest expense

Three Months Ended June 30,Change20252024$%Interest expense$(388)$(20)$(368)NM*

Six Months Ended June 30,Change20252024Amount%Interest expense$(436)$(40)$(396)NM*

*NM = not meaningful

The increases in interest expense for the three and six months ended June 30, 2025, compared to the same periods in 2024, were driven by interest on the outstanding LOC