Core Viewpoint - The company reported a strong financial performance for the year 2025, with significant growth in revenue and net profit, indicating effective market strategies and operational improvements [1] Financial Performance - The company achieved an operating revenue of 2.196 billion yuan, representing a year-on-year increase of 26.52% [1] - The net profit attributable to the parent company was 1.109 billion yuan, reflecting a year-on-year growth of 25.59% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 1.025 billion yuan, which is a 24.82% increase compared to the previous year [1] Business Development - The company has increased its investment in technology research and market expansion, leading to a steady rise in the recognition of its laser cutting control systems [1] - The intelligent robotics business has shown growth, and the precision micro-processing segment has gained customer recognition, indicating the formation of new growth engines [1] - The company is further expanding its overseas market, optimizing product structure, and promoting lean management to enhance operational efficiency [1]

Financial Data and Key Metrics Changes - Revenues for the full year of 2025 were $261 million, up 32% year-over-year [5] - Total revenue in the fourth quarter was a record $81.2 million, an increase of 71% compared to $47.4 million in the fourth quarter of 2024 [16] - Gross margins increased to approximately 30% in 2025, up from 17% in 2024 [15] - Adjusted EBITDA for the fourth quarter was a positive $10.7 million, compared to a loss of $11.3 million in the same quarter last year [22] Business Line Data and Key Metrics Changes - Aerospace and defense (A&D) revenue was a record $175 million for the full year, growing 60% year-over-year [5] - A&D revenue in the fourth quarter was $56.3 million, up 87% year-over-year [16] - Development revenue in the fourth quarter was $26.1 million, an increase of 66% year-over-year [16] - Revenue from commercial markets was $24.9 million, an increase of 44% year-over-year [17] Market Data and Key Metrics Changes - The company experienced strong growth in directed energy and laser sensing markets, with significant contract awards expected in the coming months [6][10] - The company began shipping to several new international customers during 2025, indicating a growing pipeline of global opportunities [10] Company Strategy and Development Direction - The company plans to use proceeds from a recent equity offering to build a new 50,000 square foot manufacturing facility in Longmont, Colorado [12] - The decision to exit cutting and welding markets is part of a strategy to focus resources on A&D markets [13] - The company aims to invest in advanced manufacturing, specifically metal 3D printing, where early growth has been observed [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth in A&D markets, with expectations for new contract wins [14] - The company anticipates total revenue growth in 2026, supported by a funded backlog of approximately $162 million as of December 31, 2025 [23] - Management highlighted the importance of staying vigilant and responsive to market demands and government requirements [64] Other Important Information - The company raised over $190 million through a follow-on equity offering to support growth initiatives [12] - The exit from cutting and welding is expected to result in a revenue headwind of approximately $25 million-$30 million for the full year [18] Q&A Session Summary Question: Expectations for orders in directed energy - Management indicated that there will be a mix of continuation of existing programs, new programs, and low-rate production orders [29] Question: Near-term prospects for sensing programs - Existing laser sensing programs are in full-rate production and will drive more revenue in the near term, while new programs will contribute over the next year or two [31] Question: Decision to exit cutting and welding - The decision was driven by a focus on more attractive growth opportunities in directed energy and sensing, despite some near-term margin headwinds [34][35] Question: Revenue headwind from exiting cutting and welding - The revenue headwind will start in 2026, with a significant impact expected in the second half of the year [37] Question: Growth expectations for A&D business - The A&D business is expected to grow double digits in 2026, with current backlog supporting this growth [40] Question: Capacity expansion in Longmont - The expansion is driven by anticipated strong market demand, with efforts to build out capacity ahead of demand materializing [54]

Financial Data and Key Metrics Changes - Revenues for the full year of 2025 were $261 million, up 32% year-over-year [4] - Total revenue in the fourth quarter was a record $81.2 million, an increase of 71% compared to $47.4 million in the fourth quarter of 2024 [15] - Gross margins increased to approximately 30% in 2025, up from 17% in 2024 [14] - Adjusted EBITDA for the fourth quarter was a positive $10.7 million, compared to a loss of $11.3 million in the same quarter last year [21] Business Line Data and Key Metrics Changes - Aerospace and defense (A&D) revenue was a record $175 million for the full year, growing 60% year-over-year [4] - A&D revenue in the fourth quarter was $56.3 million, up 87% year-over-year [15] - Development revenue in the fourth quarter was $26.1 million, an increase of 66% year-over-year [15] - Revenue from commercial markets was $24.9 million, an increase of 44% year-over-year [16] Market Data and Key Metrics Changes - The company experienced strong growth in directed energy and laser sensing markets, with significant contract awards expected in the coming months [5][9] - The company began shipping to several new international customers during 2025, indicating a growing pipeline of global opportunities [9] Company Strategy and Development Direction - The company plans to use proceeds from a recent equity offering to build a new 50,000 square foot manufacturing facility and invest in supply chain and staffing [11] - The decision to exit cutting and welding markets is aimed at focusing resources on A&D markets, which are expected to drive growth [12][34] - The company is optimistic about new contract wins in directed energy, laser sensing, and advanced manufacturing [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth for 2026, supported by a funded backlog of approximately $162 million [22] - The company anticipates revenue for the first quarter of 2026 to be in the range of $70 million-$76 million [24] - Management highlighted the importance of staying vigilant and responsive to market demands, particularly in defense [65] Other Important Information - The company raised over $190 million through a follow-on equity offering, enhancing its cash position to over a quarter billion dollars [11][22] - The exit from cutting and welding is expected to result in a revenue headwind of approximately $25 million-$30 million for 2026 [36] Q&A Session Summary Question: Expectations for orders in directed energy - Management indicated that there will be a mix of new programs, continuation of existing programs, and low-rate production orders [29] Question: Near-term prospects for sensing programs - Existing laser sensing programs are in full-rate production and will drive more revenue in the near term, while new programs will contribute over the next year or two [31] Question: Decision to exit cutting and welding - The decision was made to focus on more attractive growth opportunities in directed energy and sensing, despite some near-term margin headwinds [34] Question: Revenue headwind from exiting cutting and welding - The revenue headwind will start in 2026, with a significant impact expected in the second half of the year [36] Question: Growth expectations for A&D business - The A&D business is expected to grow double digits in 2026, with current backlog supporting this growth [40] Question: Capacity addition in Longmont - The capacity expansion is driven by anticipated strong market demand, with investments being made ahead of demand [55]

Earnings Presentation Q4 & FY 2025 February 26, 2026 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 ...

Core Viewpoint - IPG Photonics has received a $10 million order from Lockheed Martin for its CROSSBOW™ high-energy laser counter-UAS defense systems, indicating strong demand for directed energy solutions in defense applications [1][2]. Group 1: Company Overview - IPG Photonics is a leader in high-power fiber lasers and amplifiers, primarily used in materials processing and various applications [3]. - The company's mission focuses on developing innovative laser solutions that enhance productivity and reduce costs for end users [3]. - IPG Photonics is headquartered in Marlborough, Massachusetts, and operates over 30 facilities globally [3]. Group 2: Product and Market Demand - The CROSSBOW system is described as a scalable and cost-effective solution for countering smaller unmanned aircraft threats, reflecting its readiness and market demand [2]. - The follow-on order from Lockheed Martin demonstrates the growing need for deployable directed energy solutions in the defense sector [2].

Core Viewpoint - The company plans to invest $150 million to establish an overseas operation center in Southeast Asia to enhance its international market presence and service capabilities [1][5]. Group 1: Investment Overview - The company will invest $150 million in Southeast Asia to set up an overseas operation center aimed at expanding its overseas business and improving service capabilities [1][3]. - The investment was approved during the 14th meeting of the 8th Board of Directors held on February 13, 2026 [1][9]. - This investment does not require shareholder approval as per relevant regulations and does not constitute a related party transaction or a major asset restructuring [2][10]. Group 2: Project Details - Project Name: Overseas Operation Center [3]. - Location: Southeast Asia, with the specific site to be determined [3]. - Total investment will not exceed $150 million, funded through the company's own resources [3]. - The expected implementation period is up to 36 months from the acquisition of land or property rights [3]. Group 3: Purpose and Impact - The investment aims to align with the company's strategic planning and operational development needs, allowing it to seize overseas market opportunities and enhance resource allocation and operational efficiency [5]. - This initiative is expected to positively impact the company's future development and will not significantly affect its current main business [5].

Core Viewpoint - NUBURU, Inc. is advancing its transformation into a dual-use Defense & Security platform by activating a structured production ramp for high-power blue laser systems, following a contract valued at approximately $850,000 [1][2]. Group 1: Production and Contract Details - The order includes 40 high-power 450nm blue laser systems for Trabotyx, with the manufacturing and delivery cycle set for Q1 2026, marking the first structured production under NUBURU's blue-laser platform [2][3]. - The production ramp establishes a repeatable manufacturing framework, enhancing supply chain readiness, quality control, assembly throughput, and deployment discipline [3][4]. Group 2: Strategic Importance - The deployment in the agritech sector validates Lyocon's scalable 450nm high-power laser architecture, which is integral to NUBURU's non-kinetic and directed-energy strategy [2][3]. - Commercial deployments in civilian markets are crucial for performance validation and industrial scale, which are relevant to mission-critical and security-oriented applications [3][4]. Group 3: Management Insights - Management emphasizes that the Q1 2026 production ramp reflects disciplined execution under a transformation strategy, with structured manufacturing cycles being foundational for building credible non-kinetic and directed-energy capabilities [5]. - The flexibility in configurations between 100W and 200W highlights the modularity of the architecture, suitable for advanced automated systems, marking an operational milestone for Lyocon [5]. Group 4: Company Overview - Founded in 2015, NUBURU is transitioning from a laser-technology company to a dual-use Defense & Security platform provider, focusing on directed-energy technologies and non-kinetic defense capabilities [6]. - Lyocon S.r.l., a wholly owned subsidiary, specializes in high-power blue-laser systems for industrial applications and is central to NUBURU's reactivated blue-laser business [9].

As filed with the Securities and Exchange Commission on February 10, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 NUBURU, INC. (Exact name of Registrant as specified in its charter) Delaware 3690 85-1288435 (I.R.S. Employer Identification Number) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 44 Cook Street, Suite 100 ...

Core Viewpoint - NUBURU, Inc. has completed the first tranche of a preferred equity restructuring transaction, which simplifies its capital structure and reduces legacy balance-sheet overhang [1] Group 1: Financial Restructuring - The first tranche of the restructuring has effectively eliminated approximately $8.4 million of Series A Convertible preferred equity [1]

Core Insights - NUBURU, Inc. (NYSE American: BURU) is focusing on a strategic transformation that includes balance-sheet optimization, expansion in defense-related industrial cooperation, and advancements in various technology sectors [1] Group 1: Strategic Transformation - The company is executing a strategic transformation aimed at enhancing its operational efficiency and market position [1] - Initiatives include optimizing the balance sheet to improve financial health and support growth [1] - There is a notable expansion in defense-focused industrial cooperation, indicating a shift towards more integrated defense and security solutions [1] Group 2: Technology Advancements - NUBURU is advancing across multiple technology verticals, which may enhance its competitive edge in the market [1] - The development of high-performance blue-laser technology is a key focus area, positioning the company as a leader in this niche [1]