Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 3

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 trends, global inflationary pressures, and uncertainties related to international trade policy, including tariff actions and regulatory shifts. The U.S. government implemented a new series of tariffs on imported goods during the first six months of 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.

19

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 six 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 June 30,Six Months Ended June 30,2025202420252024Revenue:Products66.1 %68.2 %67.5 %67.2 %Development33.9 31.8 32.5 32.8 Total revenue100.0 100.0 100.0 100.0 Cost of revenue:Products40.7 47.5 43.1 49.7 Development29.4 29.0 28.5 30.0 Total cost of revenue70.1 76.5 71.6 79.7 Gross profit29.9 23.5 28.4 20.3 Operating expenses:Research and development17.8 23.2 19.7 23.6 Sales, general, and administrative18.9 25.4 20.9 25.6 Total operating expenses36.7 48.6 40.6 49.2 Loss from operations(6.8)(25.1)(12.2)(28.9)Other income:Interest income1.7 0.9 2.4 1.0 Interest expense(0.6)— (0.4)— Other (expense) income, net(0.1