NLIGHT, INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation $5.4m $5.9m $6.6m $7.7m $9.2m $11.1m $12.4m $13.0m $12.3m
Amortization $2.6m $2.4m $3.0m $6.0m $5.9m $4.6m $3.6m $4.6m $1.9m
Deferred income taxes ($424k) ($1.3m) $3.0m ($11k) $37k $4k $7k ($651k) $159k
Loss on disposal of property, plant and equipment $9k $12k ($483k) $0 $16k $51k $542k $194k $160k
Operating cash outflows from operating leases $3.4m $3.3m ($4.2m) $2.9m $3.5m $3.9m $3.9m $4.0m $3.5m
Net loss $1.8m $13.9m ($12.9m) ($20.9m) ($29.7m) ($54.6m) ($41.7m) ($60.8m) ($23.5m)
(Increase) reduction in carrying amount of right-of-use assets $2.9m $3.3m $3.0m $1.3m $1.8m ($4.1m)
(Recoveries of) provision for losses on accounts receivable $232k $22k $83k $88k ($70k) $4k $27k $1.5m ($1.1m)
Stock-based compensation $369k $4.8m $9.7m $25.5m $37.7m $26.8m $25.8m $25.0m $33.4m
Accrued interest earned on marketable securities $0 $0 ($500k)
Non-cash restructuring charges $0 $0 $2.8m $0 $1.2m $1.4m
Accounts receivable, net ($3.5m) ($13.7m) ($395k) ($4.0m) ($9.5m) $2.8m ($1.7m) $2.8m ($14.7m)
Inventory ($9.9m) ($6.1m) ($10.7m) ($6.9m) ($19.0m) $4.6m $14.9m $11.0m ($4.2m)
Prepaid expenses and other current assets ($639k) ($2.5m) ($111k) ($3.4m) ($3.6m) ($1.8m) $1.1m ($1.8m) $4.4m
Other assets, net ($1.1m) ($2.3m) ($2.7m) ($3.5m) ($570k) ($5.2m) ($1.2m) ($1.1m) $1.4m
Accounts payable $2.5m $172k $844k $7.3m $3.5m ($5.9m) ($4.5m) $3.2m $5.9m
Accrued and other long-term liabilities $3.2m ($310k) $92k $2.3m ($199k) ($577k) ($1.3m) $706k $6.1m
Deferred revenues $731k ($215k) ($178k) $1.8m ($909k) ($208k) $3.4m ($1.2m) ($2.1m)
Lease liabilities ($2.8m) ($2.9m) ($1.9m) ($1.4m) ($2.0m) $3.9m
Non-current income taxes payable $1.4m $2.5m ($205k) $1.1m ($507k) ($13k) ($1.3m) $204k $277k
Proceeds from sale of fixed assets $0 $0 $542k
Purchase of marketable securities $0 $0 ($100.0m) ($127.9m) ($88.6m) ($78.6m)
Proceeds from maturities and sales of marketable securities $0 $0 $50.0m $119.1m $113.3m $78.3m
Proceeds from line of credit $0 $0 $20.0m
Proceeds from employee stock plan purchases $0 $0 $1.5m $1.4m $1.6m $2.4m $2.5m $2.7m $2.9m
Proceeds from stock option exercises $336k $362k $1.6m $1.4m $1.1m $1.2m $640k $500k $281k
Tax payments related to stock award issuances $0 $0 ($524k) ($6.4m) ($10.6m) ($4.9m) ($4.0m) ($4.5m) ($3.1m)
Right-of-use assets obtained in exchange for lease liabilities $15.1m $8.0m $1.3m $1.7m $1.3m $6.6m
Accrued purchases of property, equipment and patents $969k $577k $828k $788k $2.5m $207k $745k $298k $409k
Net cash provided by (used in) operating activities $3.4m $3.3m ($4.2m) $13.0m ($7.4m) ($14.5m) $10.1m ($2.4m) $21.3m
Purchases of property, plant and equipment $5.5m ($10.6m) ($12.4m) ($23.4m) ($19.3m) ($21.4m) ($5.3m) ($7.9m) ($9.0m)
Net cash (used in) provided by investing activities ($5.5m) ($11.7m) ($30.4m) ($24.5m) ($21.9m) ($72.4m) ($14.1m) $16.7m ($8.8m)
Net cash provided by (used in) financing activities $24.4m $121.3m $2.5m ($3.8m) $73.7m ($1.3m) ($859k) ($1.3m) $20.1m
Effect of exchange rate changes on cash $834k ($166k) ($33k) $545k ($235k) ($477k) $256k ($406k) $264k
Net increase (decrease) in cash and cash equivalents and restricted cash $23.2m $112.8m ($32.2m) ($14.7m) $44.2m ($88.7m) ($4.6m) $12.6m $32.9m
Cash and cash equivalents and restricted cash, beginning of period $36.7m $149.5m $117.3m $102.6m $146.8m $58.1m $53.5m $66.1m $99.0m
Cash and cash equivalents $36.7m $149.5m $57.8m $53.2m $65.8m $98.7m
Restricted cash $252k $256k $259k $322k
Cash paid for interest $1.4m $941k ($2.8m) $311k $117k $0 $40k $61k $1.1m