Company: LASR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001124796-25-000021
Chunk: 19

Company: NLIGHT, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1A
Chunk 19
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 and to develop new products depends, in large part, on our ability to recruit and retain qualified employees, particularly highly skilled technical, sales, service, management, and key staff personnel. Competition for qualified resources is intense and other companies may have greater resources available to provide substantial inducements to lure key personnel away from us or to offer more competitive compensation packages to individuals we are trying to hire.

Fluctuations in our quarterly results of operations may be difficult to predict.

We have experienced, and expect to continue to experience, fluctuations in our quarterly results of operations including restructuring charges in the fourth quarter of 2023 and 2024. Factors which have had or may in the future have an influence on our results of operations in a particular quarter include:

•     the increase, decrease, cancellation or rescheduling of significant customer orders;

•     declines in selling prices for our products;

•    delays in our product-shipment timing, obtaining licenses or other import/export approvals, customer or end user sales or deployment cycles, or work performed under development contracts;

•seasonality attributable to different purchasing patterns and levels of activity throughout the year in the areas where we operate;

•     the impact of new acquisitions and the success of our integration efforts;

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•     the timing of revenue recognition based on the installation or acceptance of certain products shipped to our customers;

•the timing and execution of government development projects;

•timing variability in product introductions, enhancements, services and technologies by us and our competitors and market acceptance of these new or enhanced products, services and technologies;

•     different capital expenditure and budget cycles for our customers, which affect the timing of their spending;

•     our ability to obtain export licenses for our products on a timely basis or at all;

•     changes in tariffs imposed by the U.S., China and other foreign governments;

•     the rate at which our present and future customers and end users adopt our technologies;

•     the gain or loss of a key customer;

•     product or customer mix;

•     competitive pricing pressures and new market entrants;

•     our ability to manage our inventory levels and any write-downs for excess or obsolete inventory;

•     our ability to collect outstanding accounts receivable balances;

•     changes in the amount and timing of our operating costs;

•     impairment of values for goodwill, intangibles and other long-lived assets;

•     foreign currency fluctuations;

•     the impact of public health crises, geopolitical events and macroeconomic conditions on our business, results of operations and financial condition;