Key Takeaways LASR's 2025 revenue $261.3M, up 31.6%, with A&D at 67% and Laser Products 68.6% of sales. LASR saw defense momentum from HELSI-2 and DE M-SHORAD, with ~$162M funded backlog supporting visibility. nLIGHT sensing moved to production with a $50M missile deal; capacity expansion and $201M raise fund growth.nLIGHT (LASR) builds the high-power laser building blocks that are increasingly central to modern defense systems. The company’s position spans directed energy lasers and optical sensing, alongs ...