Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 4

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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)1.2 — 1.3 Loss before income taxes(5.8)(23.0)(10.2)(26.6)Income tax expense— 0.2 0.1 0.3 Net loss(5.8)%(23.2)%(10.3)%(26.9)%

Revenues by End Market

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

Three Months Ended June 30,Change2025% of Revenue2024% of Revenue$%Aerospace and Defense$40,695 65.9 %$27,390 54.3 %$13,305 48.6 %Industrial9,746 15.8 12,905 25.5 (3,159)(24.5)Microfabrication11,294 18.3 10,216 20.2 1,078 10.6 $61,735 100.0 %$50,511 100.0 %$11,224 22.2 %

20

Six Months Ended June 30,Change2025% of Revenue2024% of RevenueAmount%Aerospace and Defense$73,401 64.7 %$49,135 51.7 %$24,266 49.4 %Industrial18,602 16.4 24,890 26.2 (6,288)(25.3)Microfabrication21,400 18.9 21,013 22.1 387 1.8 $113,403 100.0 %$95,038 100.0 %$18,365 19.3 %

The increases in revenue from the Aerospace and Defense market for the three and six months ended June 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 six months ended June 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 increases in revenue from the Microfabrication market for the three and six months ended June 30, 2025 compared to the same periods in