Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 30

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 30
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 2024Raw materials$25,321 $19,165 Work in process and semi-finished goods21,268 17,390 Finished goods4,868 4,245 $51,457 $40,800 

Note 6 - Property, Plant and Equipment

Property, plant and equipment consisted of the following (in thousands):  Useful lifeAs of (years)September 30, 2025December 31, 2024Automobiles3$64 $64 Computer hardware and software3 - 59,988 9,672 Manufacturing and lab equipment2 - 797,356 95,106 Office equipment and furniture5 - 72,130 2,542 Leasehold and building improvements2 - 1234,095 33,104 Buildings309,392 9,392 LandN/A3,399 3,399 156,424 153,279 Accumulated depreciation (112,191)(106,342)$44,233 $46,937 

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Note 7 - Intangible Assets and Goodwill

Intangible AssetsThe details of definite lived intangible assets were as follows (in thousands):Estimated useful life(in years) As of September 30, 2025December 31, 2024Development programs2 - 4— 7,200 Developed technology52,959 2,959 2,959 10,159 Accumulated amortization (2,523)(9,326)$436 $833 Amortization related to intangible assets was as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Amortization expense$99 $149 $397 $671 Estimated amortization expense for future years is as follows (in thousands):2025$88 2026348 $436 Goodwill  The carrying amount of goodwill by segment was as follows (in thousands):Laser ProductsAdvanced DevelopmentTotalsBalance, December 31, 2024$2,106 $10,248 $12,354 Currency exchange rate adjustment94 — 94 Balance, September 30, 2025$2,200 $10,248 $12,448 

Note 8 - Line of Credit

We have a $40.0 million revolving line of credit