Company: LASR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001124796-25-000154
Chunk: 9

Company: NLIGHT, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 the same periods in 2024, were driven primarily by an increase in income earned from marketable securities and imputed interest on a long-term customer receivable.

Interest income is primarily earned from our marketable securities (U.S. treasuries), recognized using the effective yield method, and cash equivalents (money market securities). 

Beginning with the three months ended March 31, 2025, income earned from marketable securities is classified within interest income, net, rather than other income, net. This prospective change in presentation more accurately reflects the nature of the income and has no impact on total net income.

25

Interest expense

Three Months Ended September 30,Change20252024$%Interest expense$(317)$(27)$(290)NM*

Nine Months Ended September 30,Change20252024Amount%Interest expense$(753)$(67)$(686)NM*

*NM = not meaningful

The increases in interest expense for the three and nine months ended September 30, 2025, compared to the same periods in 2024, were driven by interest on the outstanding LOC balance. Interest expense on the line of credit (LOC) was $0.3 million and $0.8 million for the three and nine months ended September 30, 2025, respectively. 

Other Income, net

Three Months Ended September 30,Change20252024$%Other (expense) income, net$(64)$1,331 $(1,395)(104.8)%

Nine Months Ended September 30,Change20252024Amount%Other (expense) income, net$(108)$2,594 $(2,702)(104.2)%

Other income, net is primarily attributable to changes in net realized and unrealized foreign exchange transactions resulting from currency rate fluctuations. The prospective classification change for income earned from marketable securities referenced above is the primary factor contributing to the year-over-year variance for other income, net from the same period in 2024.

Income Tax Expense

Three Months Ended September 30,Change20252024$%Income tax expense$273 $261 $12 4.6 %

Nine Months Ended September 30,Change20252024Amount%Income tax expense$427 $525 $(98)18.7 %

We record income tax expense for taxes in our foreign jurisdictions including Finland, Italy, Austria, and South Korea. While our tax expense is largely dependent on the geographic mix of earnings related to our foreign operations