Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 41

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 41
---
 evaluating whether the historical data accurately supported the Company’s assumptions regarding future consumption based on changes to the Company’s business environment, and (3) performing a retrospective review of prior year inventory adjustments and analyzing current year sales for identified excess and obsolete inventories to evaluate the Company’s ability to accurately estimate.

 /s/ KPMG LLP

We have served as the Company's auditor since 2003.

Portland, Oregon

February 28, 2025

37

Table of  Contents

nLIGHT, Inc.

Consolidated Balance Sheets

(In thousands)

As of December 31,20242023AssetsCurrent assets:    Cash and cash equivalents$65,829 $53,210     Marketable securities34,868 59,672 Accounts receivable, net of allowances of $1,800 and $31534,895 39,585     Inventory40,800 52,160     Prepaid expenses and other current assets17,697 15,927           Total current assets194,089 220,554 Restricted cash259 256 Lease right-of-use assets10,822 12,616 Property, plant and equipment, net 46,937 52,300 Intangible assets, net 833 1,652 Goodwill12,354 12,399 Other assets, net4,947 7,026           Total assets$270,241 $306,803 Liabilities and Stockholders’ EquityCurrent liabilities:     Accounts payable$15,076 $12,166      Accrued liabilities13,268 12,556      Deferred revenues3,577 4,849      Current portion of lease liabilities2,314 3,181           Total current liabilities34,235 32,752 Non-current income taxes payable5,541 5,391 Long-term lease liabilities9,819 10,978 Other long-term liabilities4,216 3,263           Total liabilities53,811 52,384 Stockholders' equity:  Common stock - $0.0001 par value; 190,000 shares authorized, 48,948 and 47,266 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively16 16      Additional paid-in capital544,842 521,184      Accumulated other comprehensive loss(3,