NLIGHT, INC. (LASR)
nLIGHT, Inc. specializes in the development, production, and sale of advanced semiconductor and fiber lasers. These sophisticated laser systems find applications across diverse sectors such as industrial manufacturing, precision microfabrication, and the aerospace and defense industries. The company's operations are divided into two main segments: Laser Products and Advanced Development. Furthermore, nLIGHT supplies fiber amplifiers and intricate beam combination and control systems, which are integral to high-energy laser systems used in directed energy applications. The firm utilizes a dual distribution approach, leveraging its direct sales force in key markets including the United States, China, South Korea, and European countries, while also partnering with independent sales representatives and distributors across wider regions in Asia, Europe, and South America. Founded in 2000, the company was originally known as nLight Photonics Corporation before officially adopting its current name, nLIGHT, Inc., in January 2016. Its corporate headquarters are located in Camas, Washington.
Sector: Semiconductors & Related Devices
Industry: Semiconductors
nLIGHT, Inc.
NASDAQ:LASRTechnology · Semiconductors
PrePre-market-0.11%$37.98
Close$38.02+0.21%AH$38.10-0.31%Now$37.98
Close$38.02+29.58%AH$38.10-0.31%since
Mkt Cap$2.21B
Float55.47M
O/S58.23M
Inst Own88.9%
SI5.3%
Dilution
Financials Summary
Revenue$261.33M
Net Income-$23.47M
Total Assets$318.11M
Free Cash Flow$12.3M
Debt & Equity
Debt 14%
Equity 86%
Total Debt$36.21M
Total Equity$226.75M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitDec 29, 20103 shares → 1
Balance Sheet Details
Assets$318.11M
Liabilities$91.36M
Accounts Receivable$50.84M
Accounts Payable$20.89M
Inventory$45.41M
PP&E (Net)$57.13M
Goodwill$12.45M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $261.33M | $198.55M | $209.92M | $242.06M | $270.15M | $222.79M | $176.62M | $191.36M | $138.58M | $101.33M |
| YoY Growth | 31.6% | -5.4% | -13.3% | -10.4% | 21.3% | 26.1% | -7.7% | 38.1% | 36.8% | - |
| Cost of Revenue | $183.37M | $165.53M | $163.81M | $191.24M | $192.84M | $163.43M | $124.28M | $124.4M | $94.31M | $78.16M |
| Gross Profit | $77.96M | $33.02M | $46.11M | $50.82M | $77.31M | $59.36M | $52.34M | $66.96M | $44.27M | $23.17M |
| Gross Margin | 29.8% | 16.6% | 22.0% | 21.0% | 28.6% | 26.6% | 29.6% | 35.0% | 31.9% | 22.9% |
| Research and Development | $47.97M | $45.11M | $46.16M | $53.77M | $54.81M | $41.16M | $28.14M | $21.05M | $15.12M | $15.24M |
| Selling, General, and Administrative | $54.19M | $49.26M | $45.9M | $48.26M | $52.71M | $39.25M | $34.11M | $28.84M | $19.35M | $17.27M |
| Other | $2.35M | $4.29M | $817K | $3.89M | $0 | $0 | $0 | -$253K | $0 | $0 |
| Total Operating Expenses | $104.51M | $98.66M | $92.88M | $105.92M | $107.52M | $80.41M | $62.25M | $49.9M | $34.48M | $32.5M |
| Operating Income (EBIT) | -$26.55M | -$65.64M | -$46.77M | -$55.1M | -$30.22M | -$21.05M | -$9.91M | $17.06M | $9.8M | -$9.34M |
| Operating Margin | -10.2% | -33.1% | -22.3% | -22.8% | -11.2% | -9.4% | -5.6% | 8.9% | 7.1% | -9.2% |
| Interest Expense | $1.91M | $0 | $0 | $0 | $163K | $0 | $0 | $0 | $1.27M | $2.23M |
| Interest Income | $4.95M | $1.67M | $1.34M | $529K | $0 | $78K | $2.61M | $728K | $0 | $0 |
| Other Income (Expense) | $3.78M | $4.77M | $4.12M | $867K | $173K | $456K | $3.14M | $475K | -$3.1M | -$2.98M |
| Income Before Tax (EBT) | -$22.77M | -$60.87M | -$42.65M | -$54.23M | -$30.04M | -$20.59M | -$6.76M | $17.54M | $6.7M | -$12.32M |
| Income Tax Expense | $699K | -$76K | -$978K | $344K | -$375K | $340K | $6.12M | $3.6M | $4.86M | $1.88M |
| Net Income | -$23.47M | -$60.79M | -$41.67M | -$54.58M | -$29.67M | -$20.93M | -$12.88M | $13.94M | $1.84M | -$14.2M |
| Net Income Margin | -9.0% | -30.6% | -19.9% | -22.5% | -11.0% | -9.4% | -7.3% | 7.3% | 1.3% | -14.0% |
| Supplementary Data | ||||||||||
| EPS | -0.48 | -1.27 | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 | 0.47 | 0.07 | -0.55 |
| Diluted EPS | -0.48 | -1.27 | -0.90 | -1.23 | -0.70 | -0.55 | -0.35 | 0.47 | 0.06 | -0.49 |
| Weighted Average OS | 50.93M | 47.90M | 46.08M | 44.44M | 42.14M | 38.37M | 37.12M | 29.76M | 25.83M | 25.83M |
| EBITDA | -$6.6M | -$43.75M | -$29.92M | -$35.51M | -$14.82M | -$7.36M | -$345K | $25.35M | $17.72M | -$1.24M |
| EBITDA Margin | -2.5% | -22.0% | -14.3% | -14.7% | -5.5% | -3.3% | -0.2% | 13.2% | 12.8% | -1.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $98.7M | $65.83M | $53.21M | $57.83M | $146.53M | $102.28M | $117.25M | $149.48M | $36.69M | $13.5M |
| Short-Term Investments | $34.93M | $34.87M | $59.67M | $50.39M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $133.63M | $100.7M | $112.88M | $108.22M | $146.53M | $102.28M | $117.25M | $149.48M | $36.69M | $13.5M |
| Accounts Receivable | $50.84M | $34.9M | $39.59M | $37.91M | $51.23M | $37.5M | $30.04M | $26.53M | $14.64M | $10.69M |
| Inventory | $45.41M | $40.8M | $52.16M | $67.6M | $73.75M | $54.71M | $46.13M | $35.33M | $29.57M | $18.8M |
| Other Current Assets | $13.31M | $17.7M | $15.93M | $10.43M | $103K | $378K | $231K | $7.29M | $97K | $824K |
| Total Current Assets | $243.19M | $194.09M | $220.55M | $230.76M | $277.2M | $200.57M | $198.59M | $218.62M | $84.58M | $46.12M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $57.13M | $57.76M | $64.92M | $74.59M | $73.15M | $56.78M | $27.75M | $21.46M | $20.19M | $20.3M |
| Goodwill | $12.45M | $12.35M | $12.4M | $12.38M | $12.42M | $12.48M | $9.87M | $1.39M | $1.39M | $1.39M |
| Intangible Assets | $0 | $833K | $1.65M | $4.04M | $6.7M | $8.35M | $10.01M | $2.69M | $1.84M | $1.49M |
| Long-Term Investments | $322K | $0 | $0 | $0 | $0 | -$69K | -$72K | -$3.11M | $0 | $0 |
| Deferred Tax Assets | $3.42M | $0 | $0 | $0 | $0 | $69K | $72K | $3.11M | $1.81M | $1.38M |
| Other Long-Term Assets | $1.59M | $5.21M | $7.28M | $7.47M | $4.15M | $5.46M | $3.75M | $5.97M | $343K | $381K |
| Total Long-Term Assets | $74.92M | $76.15M | $86.25M | $98.48M | $96.41M | $83.07M | $51.37M | $31.51M | $25.57M | $24.94M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $318.11M | $270.24M | $306.8M | $329.23M | $373.62M | $283.64M | $249.97M | $250.13M | $110.15M | $71.06M |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $20.89M | $15.08M | $12.17M | $17.51M | $26.35M | $21.06M | $12.7M | $12.07M | $12.92M | $9.38M |
| Short-Term Debt | $22.78M | $0 | $0 | $0 | $0 | $184K | $51K | $91K | $2.36M | $1.29M |
| Current Income Tax Payable | $5.9M | $0 | $0 | $0 | $0 | $401K | $155K | $258K | $931K | $8K |
| Current Unearned Revenue | $1.49M | $3.58M | $4.85M | $1.41M | $1.63M | $2.53M | $679K | $720K | $961K | $216K |
| Other Current Liabilities | $4.21M | $0 | $0 | $0 | $0 | $0 | $3.24M | $3.98M | $5.52M | $3.26M |
| Total Current Liabilities | $64.21M | $34.23M | $32.75M | $34.49M | $45.77M | $41.36M | $25.04M | $23.59M | $28.89M | $19.23M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $215K | $0 | $18K | $15.11M | $18.38M |
| Long-Term Unearned Revenue | $5.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.26M | $9.76M | $8.65M | $11.04M | $11.1M | $11.78M | $8.32M | $8.74M | $4.86M | $3.76M |
| Total Long-Term Liabilities | $27.15M | $19.58M | $19.63M | $23.9M | $25.71M | $22.37M | $8.32M | $8.76M | $19.97M | $22.14M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $91.36M | $53.81M | $52.38M | $58.39M | $71.48M | $63.73M | $33.36M | $32.35M | $48.87M | $41.37M |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12K | $10K |
| Common Stock | $16K | $16K | $16K | $16K | $15K | $15K | $15K | $15K | $14K | $1K |
| Retained Earnings | -$348.56M | -$325.1M | -$264.3M | -$222.63M | -$168.06M | -$138.39M | -$117.45M | -$104.73M | -$118.67M | -$120.51M |
| Comprehensive Income & Other | -$3.06M | -$3.33M | -$2.48M | -$2.75M | -$587K | -$259K | -$2.69M | -$2.16M | -$719K | -$3.01M |
| Other Stockholders' Equity | $575.3M | $541.51M | $518.71M | $493.46M | $470.17M | $358.29M | $334.05M | $322.5M | $179.94M | $150.2M |
| Total Equity | $226.75M | $216.43M | $254.42M | $270.85M | $302.13M | $219.91M | $216.61M | $217.78M | $61.28M | $29.69M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $318.11M | $270.24M | $306.8M | $329.23M | $373.62M | $283.64M | $249.97M | $250.13M | $110.15M | $71.06M |
| Supplementary Data | ||||||||||
| Total Debt | $36.21M | $12.13M | $14.16M | $15.61M | $17.68M | $13.05M | $51K | $109K | $17.47M | $19.67M |
| Net Debt | -$62.49M | -$53.7M | -$39.05M | -$42.22M | -$128.86M | -$89.23M | -$117.2M | -$149.37M | -$19.22M | $6.17M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | -$23.47M | -$60.79M | -$41.67M | -$54.58M | -$29.67M | -$20.93M | -$12.88M | $13.94M | $1.84M | -$14.2M |
| Depreciation & Amortization | $14.26M | $17.6M | $16.03M | $15.7M | $15.06M | $13.69M | $9.56M | $8.29M | $7.92M | $8.1M |
| Deferred Income Tax | $159K | -$651K | $7K | $4K | $37K | -$11K | $3.04M | -$1.31M | -$424K | $226K |
| Stock-Based Compensation | $33.41M | $24.96M | $25.83M | $26.76M | $37.72M | $25.46M | $9.73M | $4.8M | $369K | $308K |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$14.7M | $2.85M | $27K | $2.76M | -$9.51M | -$4.01M | -$395K | -$13.73M | -$3.52M | $569K |
| Inventory | -$4.15M | $11.05M | $14.89M | $4.62M | -$18.99M | -$6.94M | -$10.67M | -$6.14M | -$9.88M | $8.97M |
| Accounts Payable | $5.89M | $3.23M | -$4.5M | -$5.9M | $3.46M | $7.31M | $844K | $172K | $2.49M | $601K |
| Other Working Capital | $14.03M | -$5.22M | -$2.36M | -$9.71M | -$8.75M | -$4.53M | -$3.07M | -$2.73M | $3.46M | $1.05M |
| Total Working Capital Change | $1.06M | $11.9M | $8.05M | -$8.24M | -$33.79M | -$8.17M | -$13.29M | -$22.43M | -$7.45M | $11.2M |
| Other Non-Cash Items | -$4.09M | $4.63M | $1.84M | $5.81M | $3.2M | $3M | -$400K | $46K | $1.15M | $331K |
| Net Cash from Operating | $21.33M | -$2.36M | $10.09M | -$14.54M | -$7.44M | $13.04M | -$4.24M | $3.33M | $3.41M | $5.96M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$9.03M | -$7.93M | -$5.34M | -$21.72M | -$19.32M | -$24.35M | -$12.4M | -$11.71M | -$5.48M | -$4.06M |
| Acquisitions | $0 | $0 | $0 | -$664K | -$291K | -$190K | -$17.4M | $35K | $6K | $36K |
| Purchases of Investments | -$78.6M | -$88.64M | -$127.91M | -$99.98M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $78.32M | $113.27M | $119.15M | $49.99M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $542K | $0 | $0 | $0 | -$2.25M | $0 | -$601K | $35K | $6K | $36K |
| Net Cash from Investing | -$8.77M | $16.69M | -$14.1M | -$72.38M | -$21.85M | -$24.54M | -$30.4M | -$11.68M | -$5.48M | -$4.03M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | $428K | $115K | $55K | $17.36M | $3.21M | $8.33M |
| Common Stock Issuance | $0 | $3.22M | $3.11M | $3.56M | $82.35M | $2.77M | $0 | $138.3M | $27.82M | $12.02M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $20.11M | -$4.52M | -$3.97M | -$4.86M | -$8.18M | -$6.42M | $2.51M | $362K | -$243K | $8K |
| Net Cash from Financing | $20.11M | -$1.3M | -$859K | -$1.31M | $73.74M | -$3.77M | $2.45M | $121.3M | $24.42M | $3.64M |
| Forex Effect | $264K | -$406K | $256K | -$477K | -$235K | $545K | -$33K | -$166K | $834K | $1.07M |
| Net Change in Cash | $32.93M | $12.62M | -$4.61M | -$88.71M | $44.21M | -$14.72M | -$32.23M | $112.79M | $23.19M | $6.64M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $21.33M | -$2.36M | $10.09M | -$14.54M | -$7.44M | $13.04M | -$4.24M | $3.33M | $3.41M | $5.96M |
| Capital Expenditure | -$9.03M | -$7.93M | -$5.34M | -$21.72M | -$21.56M | -$24.35M | -$13.63M | -$11.71M | -$5.48M | -$4.06M |
| Free Cash Flow | $12.3M | -$10.29M | $4.75M | -$36.26M | -$29M | -$11.31M | -$17.87M | -$8.38M | -$2.07M | $1.9M |
| Cash at Beginning | $66.09M | $53.47M | $58.08M | $146.78M | $102.57M | $117.29M | $149.52M | $36.69M | $13.5M | $6.86M |
| Cash at End | $99.02M | $66.09M | $53.47M | $58.08M | $146.78M | $102.57M | $117.29M | $149.48M | $36.69M | $13.5M |