Company: LASR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001124796-25-000120
Chunk: 42

Company: NLIGHT, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 42
---
 %$50,511 100.0 %$11,224 22.2 %

21

Six Months Ended June 30,Change2025% of Revenue2024% of RevenueAmount%North America$81,256 71.6 %$64,364 67.7 %$16,892 26.2 %Asia Pacific17,790 15.7 19,111 20.1 (1,321)(6.9)EMEA14,357 12.7 11,563 12.2 2,794 24.2 $113,403 100.0 %$95,038 100.0 %$18,365 19.3 %

Geographic revenue information is based on the location to which we ship our products. The increases in North America revenue for the three and six months ended June 30, 2025 compared to the same periods in 2024, were due to increased revenue from the Aerospace and Defense market, partially offset by decreased revenue from the Industrial and Microfabrication markets. The decreases in Asia Pacific revenue for the three and six months ended June 30, 2025 compared to the same periods in 2024 were primarily the result of decreased revenue from the Industrial market, partially offset by increased revenue from the Microfabrication market. The increases in EMEA revenue for the three and six months ended June 30, 2025 compared to the same periods in 2024 were primarily due to increased revenue from the Microfabrication market and Aerospace and Defense market, partially offset by decreased revenue from the Industrial market.

Cost of Revenues and Gross Margin 

Cost of Laser Products revenue consists primarily of manufacturing materials, labor, shipping and handling costs, tariffs and manufacturing-related overhead. We order materials and supplies based on backlog and forecasted demand from our customers. We expense all warranty costs and inventory provisions as cost of revenues. 

Cost of Advanced Development revenue consists of materials, labor, subcontracting costs, and an allocation of indirect costs including overhead and general and administrative.

Our gross profit and gross margin were as follows for the periods presented (dollars in thousands):

Three Months Ended June 30, 2025Laser ProductsAdvanced DevelopmentCorporate and OtherTotalGross profit$16,317 $2,738 $(598)$18,457 Gross margin40.0 %13.1 %NM*29.9 %

Six Months Ended