NLIGHT, INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total revenue $138.6m $191.4m $176.6m $222.8m $270.1m $242.1m $209.9m $198.5m $261.3m
Total cost of revenue $94.3m $124.4m $124.3m $163.4m $192.8m $191.2m $163.8m $165.5m $183.4m
Gross profit $44.3m $67.0m $52.3m $59.4m $77.3m $50.8m $46.1m $33.0m $78.0m
Research and development $15.1m $21.1m $28.1m $41.2m $54.8m $53.8m $46.2m $45.1m $48.0m
Total operating expenses $34.5m $49.9m $62.2m $80.4m $107.5m $105.9m $92.9m $98.7m $104.5m
Sales, general, and administrative $19.4m $28.8m $34.1m $39.2m $52.7m $48.3m $45.9m $49.3m $54.2m
Restructuring $0 $0 $3.9m $817k $4.3m $2.3m
Loss from operations $9.8m $17.1m ($9.9m) ($21.0m) ($30.2m) ($55.1m) ($46.8m) ($65.6m) ($26.6m)
Interest income $1.4m $1.8m $4.9m
Loss before income taxes $6.7m $17.5m ($6.8m) ($20.6m) ($30.0m) ($54.2m) ($42.6m) ($60.9m) ($22.8m)
Net loss $1.8m $13.9m ($12.9m) ($20.9m) ($29.7m) ($54.6m) ($41.7m) ($60.8m) ($23.5m)
Net loss per share, basic (in dollars per share) $0 $0 ($0) ($1) ($1) ($1) ($1) ($1) ($0)
Net loss per share, diluted (in dollars per share) $0 $0 ($0) ($1) ($1) ($1) ($1) ($1) ($0)
Shares used in per share calculations, basic (in shares) $0.67 $0.56 ($0.35) ($0.55) ($0.70) ($1.23) ($0.90) ($1.27) ($0.47)
Shares used in per share calculations, diluted (in shares) $0.67 $0.47 ($0.35) ($0.55) ($0.70) ($1.23) ($0.90) ($1.27) ($0.47)
Interest expense ($67k) ($105k) ($1.1m)
Other (expense) income, net ($1.8m) ($253k) $535k $378k $336k $338k $2.8m $3.1m ($40k)
Income tax expense (benefit) $4.9m $3.6m $6.1m $340k ($375k) $344k ($978k) ($76k) $699k