10-K - nLIGHT, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

nLIGHT, Inc. reported total revenue of $261.3 million for fiscal year 2025, a 31.6% increase from $198.5 million in 2024. The company generated a gross profit of $78.0 million, representing a gross margin of 29.8%, a significant improvement from 16.6% in the prior year. Despite the revenue growth and margin expansion, nLIGHT recorded a net loss of $23.5 million, which is a substantial reduction from the $60.8 million net loss in 2024. The improvement was driven by increased sales in the Aerospace and Defense market, which grew 60.0% to $175.3 million, and higher gross margins in both the Laser Products and Advanced Development segments. The company ended the year with $99.0 million in cash, cash equivalents, and restricted cash, and $34.9 million in marketable securities, providing liquidity for ongoing operations.

Key Takeaways

1Revenue grew 31.6% to $261.3M, driven by a 60.0% increase in Aerospace & Defense sales.

2Net loss improved to $23.5M from $60.8M in the prior year.

3Gross margin expanded to 29.8% from 16.6% due to favorable sales mix and higher volumes.

4Operating cash flow was positive $21.3M, a significant improvement from negative $2.4M.

5Aerospace & Defense market now represents 67.0% of total revenue, up from 55.2%.

Key Financial Metrics

EPS

-$0.47

-$1.27 prior year

Revenue

$261.3M

+31.6%

Net Income

-$23.5M

+61.4%

Gross Margin

29.8%

16.6% prior year

Gross Profit

$78.0M

+136.1%

free cash flow

$12.5M

Operating Income

-$26.6M

+59.5%

operating margin

-10.2%

Business Segments

Laser ProductsRevenue increased due to higher sales in Aerospace & Defense and Microfabrication markets.

$179.2M+31.2% YoY

Advanced DevelopmentRevenue growth driven by progress on existing research and development contracts.

$82.1M+32.6% YoY