Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 33

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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2025, and expected to vest after June 30, 2025672 1.571.912,162Total intrinsic value of options exercised for the six months ended June 30, 2025 and 2024, was $1.8 million and $1.7 million, respectively. We received proceeds of $0.2 million and $0.1 million from the exercise of options for the six months ended June 30, 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 June 30,Six Months Ended June 30,2025202420252024Cost of revenues$598 $659 $1,168 $1,200 Research and development1,834 2,175 3,618 3,788 Sales, general and administrative3,939 4,169 7,641 7,446 $6,371 $7,003 $12,427 $12,434 Unrecognized Compensation CostsAs of June 30, 2025, total unrecognized stock-based compensation was $47.1 million, which will be recognized over an average expected recognition period of 2.4 years.

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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 June 30, 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 9.9 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 0.2 to 3.3 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 are not reasonably certain we will exercise the options at this time. The weighted-average remaining lease term for the lease obligations was 7 years as of June 30, 2025, and the weighted-average discount rate was 4.3%.The components of lease expense related