UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38462 ________ ...

nLight (LASR) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to a loss of $0.1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +166.67%. A quarter ago, it was expected that this laser maker would post a loss of $0.18 per share when it actually produced a loss of $0.04, delivering a surprise of +77.78%.Over the last four quarters, the company ...

nLIGHT (LASR) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Okay. We're ready to begin. Now once I transfer your lines, you will hear a silent hold briefly before I do the introduction. Transferring you across in three, two, one. Good afternoon, ladies and gentlemen, and welcome to the Enlight Inc.Second Quarter twenty twenty five Earnings Call Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is ...

Earnings Presentation Q2 2025 August 7, 2025 This presentation contains nLIGHT, Inc. proprietary information. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from nLIGHT, Inc. Safe Harbor Statement Certain statements in this presentation are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform ...

Exhibit 99.1 nLIGHT, Inc. Announces Second Quarter 2025 Results Record Aerospace & Defense revenue drives second quarter upside CAMAS, Wash., August 7, 2025 - nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for mission critical directed energy, optical sensing, and advanced manufacturing applications, today reported financial results for the second quarter of 2025 that exceeded expectations. "2Q 2025 represented a solid quarter of execution for nLIGHT, with revenue, gross margin and Adj ...

Technical Analysis - NLight (LASR) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - The recent breakout of LASR's 50-day simple moving average above its 200-day moving average is identified as a "golden cross," which typically signals a bullish breakout [1] Golden Cross Characteristics - A golden cross consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer moving average, and a subsequent upward price movement [2] - This pattern is contrasted with a "death cross," which indicates potential bearish momentum [2] Performance and Outlook - LASR shares have increased by 41.3% over the past four weeks, suggesting strong upward momentum [3] - The company holds a 2 (Buy) rating on the Zacks Rank, indicating a favorable outlook for potential breakout [3] - Positive earnings outlook is supported by three upward revisions in earnings estimates over the past two months, with no estimates decreasing during that period [3] Investment Consideration - Investors are encouraged to monitor LASR for potential gains due to its key technical levels and positive earnings estimate revisions [4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: nLight (LASR) - nLight currently holds a Momentum Style Score of B, indicating strong potential for momentum investing [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Performance Metrics - Over the past week, nLight shares have increased by 14.36%, while the Zacks Electronics - Semiconductors industry has declined by 4.62% [6]. - In a longer timeframe, nLight's shares have risen by 96.95% over the past month, compared to the industry's 11.8% [6]. - For the past quarter, nLight shares have surged by 86.06%, and they are up 18.08% over the last year, significantly outperforming the S&P 500, which has moved 1.35% and 13.07% respectively [7]. Trading Volume - nLight's average 20-day trading volume is 637,921 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, four earnings estimates for nLight have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from -$0.50 to -$0.30 [10]. - For the next fiscal year, two estimates have moved up, while one has been revised down [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, nLight is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11].

Industry Overview - The global market for laser technology is valued at approximately $24 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8% to nearly $30 billion by 2029 [1] Company Analysis: nLIGHT Inc. - nLIGHT develops semiconductor and fiber lasers and sensors for various applications, including industrial, aerospace, and defense [2] - The company reported a 16% year-over-year (YOY) revenue increase to nearly $52 million in the first quarter, surpassing analyst expectations [3] - Gross margin improved to 26.7%, up from 16.8% in the same quarter last year [3] - Aerospace and defense operations are expected to grow by at least 25% this year, contributing to continued revenue growth [4] - Analysts have a consensus Buy rating for nLIGHT, with a 12-month price target of $14.90, indicating a potential upside of 4.78% from the current price of $14.22 [4] Company Analysis: Coherent Corp. - Coherent manufactures a wide range of lasers and optoelectronic components, with a market cap of $12.3 billion, making it one of the largest laser companies globally [7] - The company experienced a 24% YOY revenue increase in its third-quarter fiscal 2025 earnings, with a gross margin improvement to 35.2% [6] - Coherent's data center business has been a significant growth driver, while its optical networking technologies remain crucial to its operations [7] - Despite a year-to-date share price drop of over 18%, Coherent's price-to-sales ratio is now at 2.21, attracting value investors [8] - The stock has a consensus price target of $102.80, suggesting a potential upside of 30.40% from the current price of $78.84 [5][9] Company Analysis: Cognex Corp. - Cognex specializes in machine vision products aimed at automating manufacturing and distribution across various industries [10] - The company reported a 2.5% YOY sales growth, which is less impressive compared to nLIGHT and Coherent, but remains profitable with an adjusted EPS of 16 cents, reflecting a 41% YOY improvement [10] - Cognex's In-Sight 8900 smart camera utilizes AI to enhance manufacturing automation [11] - The company faces challenges in the automotive and consumer electronics sectors, which may impact future performance [11] - Analysts have a consensus price target of $39.17 for Cognex, indicating a potential upside of 31.04% from the current price of $29.89 [10][12]

[Part I. Financial Information](index=4&type=section&id=Part%20I.%20Financial%20Information) [Unaudited Interim Financial Statements](index=4&type=section&id=Item%201.%20Unaudited%20Interim%20Financial%20Statements) Unaudited Q1 2025 financials show a reduced net loss of $8.1 million and asset growth to $290.0 million [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to $290.0 million, funded by a $20.0 million draw on the company's line of credit Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $215,772 | $194,089 | | **Total Assets** | $289,996 | $270,241 | | **Total Current Liabilities** | $37,163 | $34,235 | | **Line of credit** | $20,000 | $0 | | **Total Liabilities** | $77,237 | $53,811 | | **Total Stockholders' Equity** | $212,759 | $216,430 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Revenue grew 16.0% YoY to $51.7 million, driving a near-doubling of gross profit and a smaller net loss Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Total Revenue** | $51,668 | $44,527 | | **Gross Profit** | $13,799 | $7,488 | | **Loss from Operations** | $(9,610) | $(14,718) | | **Net Loss** | $(8,093) | $(13,766) | | **Net Loss per Share** | $(0.16) | $(0.29) | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Financing activities provided $18.8 million, leading to a net cash increase of $16.4 million for the quarter Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | **Net cash (used in) provided by operating activities** | $(20) | $11,375 | | **Net cash used in investing activities** | $(2,433) | $(1,548) | | **Net cash provided by (used in) financing activities** | $18,765 | $(1,615) | | **Net increase in cash, cash equivalents, and restricted cash** | $16,368 | $8,097 | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes disaggregate revenue, showing strong Aerospace & Defense growth and a $20.0 million credit facility draw Sales by End Market (in thousands) | End Market | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Industrial | $8,856 | $11,985 | | Microfabrication | $10,106 | $10,797 | | Aerospace and Defense | $32,706 | $21,745 | - The U.S. Government accounted for **35% of total revenues** in Q1 2025, a significant increase from 19% in Q1 2024[36](index=36&type=chunk) - During Q1 2025, the company drew **$20.0 million** under its revolving line of credit (LOC) to support working capital and general corporate purposes[51](index=51&type=chunk) Segment Gross Profit and Margin (in thousands) | Segment | Q1 2025 Gross Profit | Q1 2025 Gross Margin | Q1 2024 Gross Profit | Q1 2024 Gross Margin | | :--- | :--- | :--- | :--- | :--- | | Laser Products | $12,524 | 35.1% | $6,680 | 22.7% | | Advanced Development | $1,845 | 11.5% | $1,349 | 8.9% | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=19&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strong revenue growth from Aerospace & Defense, improved margins, and sufficient liquidity [Results of Operations](index=22&type=section&id=Results%20of%20Operations) Revenue grew 16.0% to $51.7 million, led by a 50.4% increase in the Aerospace and Defense end market Revenue by End Market and YoY Change (in thousands) | End Market | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Industrial | $8,856 | $11,985 | $(3,129) | (26.1)% | | Microfabrication | $10,106 | $10,797 | $(691) | (6.4)% | | Aerospace and Defense | $32,706 | $21,745 | $10,961 | 50.4% | | **Total** | **$51,668** | **$44,527** | **$7,141** | **16.0%** | - The increase in Laser Products gross margin (to **35.1%** from 22.7% YoY) was driven by product sales mix and better absorption of fixed manufacturing costs, while Advanced Development gross margin increased (to **11.5%** from 8.9% YoY) due to higher-margin fixed-price contracts[92](index=92&type=chunk) - Research and development expenses increased **6.7% YoY** to $11.4 million, while Sales, general and administrative expenses increased **4.2% YoY** to $12.0 million[93](index=93&type=chunk)[94](index=94&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity remains sufficient, bolstered by a $20.0 million draw on the revolving line of credit - Total cash, cash equivalents, restricted cash, and marketable securities increased by **$16.0 million** during the quarter to a total of **$117.0 million** as of March 31, 2025[101](index=101&type=chunk) - The principal source of liquidity in Q1 2025 was a **$20.0 million draw** on the company's line of credit (LOC)[102](index=102&type=chunk) Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(20) | $11,375 | | Net cash used in investing activities | $(2,433) | $(1,548) | | Net cash provided by (used in) financing activities | $18,765 | $(1,615) | [Quantitative and Qualitative Disclosures About Market Risk](index=27&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk is materially unchanged, except for new interest rate risk from a $20.0 million variable-rate loan - The company's exposure to market risk has not materially changed since December 31, 2024, except for the introduction of interest rate risk from the **$20.0 million draw** on its variable-rate line of credit[112](index=112&type=chunk) - A hypothetical **10% change in interest rates** would result in an approximate **$0.1 million** change in annual obligations under the outstanding loan facility[113](index=113&type=chunk) [Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - Based on an evaluation as of the end of the period, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[114](index=114&type=chunk) - There were **no material changes** in internal control over financial reporting during Q1 2025 that have materially affected, or are reasonably likely to materially affect, internal controls[115](index=115&type=chunk) [Part II. Other Information](index=28&type=section&id=Part%20II.%20Other%20Information) [Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) Current legal proceedings are not expected to materially impact the company's consolidated financial statements - As of March 31, 2025, the company believes that pending legal matters will **not have a material adverse effect** on its consolidated financial statements[61](index=61&type=chunk)[118](index=118&type=chunk) [Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) Risk factors are materially unchanged, with continued focus on international operations and trade policy risks - There have been **no material changes** to the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024[119](index=119&type=chunk) - The company emphasizes risks related to international operations, including tariffs, trade barriers, and political instability, particularly noting the uncertainty in **U.S.-China trade relations**[120](index=120&type=chunk) [Other Information](index=29&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading plans during the quarter - During the last fiscal quarter, **no director or officer** adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement[123](index=123&type=chunk) [Exhibits](index=30&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including Sarbanes-Oxley certifications and XBRL data files - The exhibits filed with the report include certifications from the CEO and CFO as required by the Sarbanes-Oxley Act of 2002, as well as Inline XBRL documents[124](index=124&type=chunk)

Company Performance - nLight reported a quarterly loss of $0.04 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.18, and an improvement from a loss of $0.17 per share a year ago, representing an earnings surprise of 77.78% [1] - The company posted revenues of $51.67 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 10.37% and up from $44.53 million in the same quarter last year [2] - Over the last four quarters, nLight has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Outlook - nLight shares have declined approximately 21.9% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.12 on revenues of $49.67 million, and for the current fiscal year, it is -$0.51 on revenues of $205.63 million [7] Industry Context - The Electronics - Semiconductors industry, to which nLight belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact nLight's stock performance [5]