Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 3

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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, including tariff actions and regulatory shifts. The U.S. government implemented a new series of tariffs on imported goods during 2025, prompting retaliatory tariffs by other countries. We currently procure components from China, which are utilized in our U.S. manufacturing operations as well as in products assembled by our contract manufacturer in Thailand.

20

A portion of our sales are generated from products manufactured outside the United States and we sell our products globally. Changing trade dynamics, including newly imposed or proposed tariffs and export controls, could disrupt our supply chain and increase input costs. These trade policy developments did not have a material impact on our financial results for the first nine months of 2025. However, if current trends continue or intensify, we may experience increased cost volatility, operational complexity, and broader economic pressures on our customer base that could have a negative impact on revenue and profitability in the future.

Results of Operations 

The following table sets forth our operating results as a percentage of revenues for the periods indicated (which may not add up due to rounding):

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Revenue:Products71.3 %73.3 %68.9 %69.4 %Development28.7 26.7 31.1 30.6 Total revenue100.0 100.0 100.0 100.0 Cost of revenue:Products42.1 52.2 42.7 50.6 Development26.8 25.4 27.9 28.3 Total cost of revenue68.9 77.6 70.6 78.9 Gross profit31.1 22.4 29.4 21.1 Operating expenses:Research and development17.3 20.2 18.8 22.3 Sales, general, and administrative22.1 23.2 21.4 24.7 Restructuring2.6 — 1.0 — Total operating expenses42.0 43.4 41.2 47.0 Loss from operations(10.9)(21.0)(11.8)(25.9)Other income:Interest income1.6 0.7 2.2 0.9 Interest expense(0.5)— (0.4)— Other (expense) income, net(0.1)2.4