Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 72

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 72
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 indicated (which may not add up due to rounding):

 Year Ended December 31,202420232022Revenue:Products68.8 %74.6 %79.6 %Development31.2 25.4 20.4  Total revenue100.0 100.0 100.0 Cost of revenue:Products54.4 54.4 60.0 Development29.0 23.6 19.0  Total cost of revenue83.4 78.0 79.0  Gross profit16.6 22.0 21.0 Operating expenses:Research and development22.7 22.0 22.2 Sales, general and administrative24.8 21.8 19.9 Restructuring2.2 0.4 1.6 Total operating expenses49.7 44.2 43.8 Loss from operations(33.1)(22.2)(22.8)Other income (expense):Interest income, net0.9 0.5 0.2 Other income, net1.6 1.3 0.1 Loss before income taxes(30.6)(20.4)(22.4)Income tax (benefit) expense— (0.5)0.1 Net loss(30.6)%(19.9)%(22.5)%

Revenues by End Market

Our revenues by end market were as follows (dollars in thousands): 

Year Ended December 31,Change2024% of Revenue2023% of RevenueAmount%Industrial$45,615 23.0 %$71,044 33.8 %$(25,429)(35.8)%Microfabrication43,393 21.8 47,483 22.6 (4,090)(8.6)Aerospace and Defense109,540 55.2 91,394 43.6 18,146 19.9 $198,548 100.0 %$209,921 100.0 %$(11,373)(5.4)%

Year Ended December 31,Change2023% of Revenue2022% of RevenueAmount%Industrial$71,044 33.8 %$91,098 37.6 %$(20,054)(22.0)%Microfabrication47