Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 67

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 67
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 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):Year Ended December 31, 2024Laser ProductsAdvanced DevelopmentCorporate and OtherTotalsRevenue$136,659 $61,889 $— $198,548 Gross profit31,094 4,363 (2,438)33,019 Gross margin22.8 %7.0 %NM*16.6 %Year Ended December 31, 2023Laser ProductsAdvanced DevelopmentCorporate and OtherTotalsRevenue$156,666 $53,255 $— $209,921 Gross profit44,891 3,628 (2,406)46,113 Gross margin28.7 %6.8 %NM*22.0 %

59

Year Ended December 31, 2022Laser ProductsAdvanced DevelopmentCorporate and OtherTotalsRevenue$192,658 $49,400 $— $242,058 Gross profit50,063 3,435 (2,677)50,821 Gross margin26.0 %7.0 %NM*21.0 %*NM = not meaningfulCorporate and Other consists of general and administrative overhead costs and unallocated expenses related to stock-based compensation and purchased intangible amortization, which are not used in evaluating the results of, or in the allocation of resources to, our reportable segments.  The geographic location of our long-lived assets, net, based on location of the assets, was as follows (in thousands):As of December 31,20242023North America $68,637 $73,070 Asia Pacific3,983 9,221 EMEA3,532 3,958 $76,152 $86,249 

Note 19 - Net Loss per Share 

Basic and diluted net loss and the number of shares used for basic and diluted net loss calculations were the same for all periods presented because we were in a loss position.The following potentially dilutive securities were not included in the calculation of diluted shares as the effect would have been anti‑d