← NLIGHT, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | $1.8m | $13.9m | ($12.9m) | ($20.9m) | ($29.7m) | ($54.6m) | ($41.7m) | ($60.8m) | ($23.5m) | — | |
| Depreciation | $5.4m | $5.9m | $6.6m | $7.7m | $9.2m | $11.1m | $12.4m | $13.0m | $12.3m | $12.4m | |
| Amortization | $2.6m | $2.4m | $3.0m | $6.0m | $5.9m | $4.6m | $3.6m | $4.6m | $1.9m | $1.4m | |
| Deferred income taxes | ($424k) | ($1.3m) | $3.0m | ($11k) | $37k | $4k | $7k | ($651k) | $159k | $145k | |
| Stock-based compensation | $369k | $4.8m | $9.7m | $25.5m | $37.7m | $26.8m | $25.8m | $25.0m | $33.4m | $42.8m | |
| (Recoveries of) provision for losses on accounts receivable | $232k | $22k | $83k | $88k | ($70k) | $4k | $27k | $1.5m | ($1.1m) | — | |
| Accounts receivable, net | ($3.5m) | ($13.7m) | ($395k) | ($4.0m) | ($9.5m) | $2.8m | ($1.7m) | $2.8m | ($14.7m) | ($2.1m) | |
| Inventory | ($9.9m) | ($6.1m) | ($10.7m) | ($6.9m) | ($19.0m) | $4.6m | $14.9m | $11.0m | ($4.2m) | ($176k) | |
| Accounts payable | $2.5m | $172k | $844k | $7.3m | $3.5m | ($5.9m) | ($4.5m) | $3.2m | $5.9m | $5.4m | |
| Accrued interest earned on marketable securities | — | — | — | — | — | — | $0 | $0 | ($500k) | — | |
| Accrued and other long-term liabilities | $3.2m | ($310k) | $92k | $2.3m | ($199k) | ($577k) | ($1.3m) | $706k | $6.1m | — | |
| Deferred revenues | $731k | ($215k) | ($178k) | $1.8m | ($909k) | ($208k) | $3.4m | ($1.2m) | ($2.1m) | — | |
| Accrued purchases of property, equipment and patents | $969k | $577k | $828k | $788k | $2.5m | $207k | $745k | $298k | $409k | — | |
| Prepaid expenses and other current assets | ($639k) | ($2.5m) | ($111k) | ($3.4m) | ($3.6m) | ($1.8m) | $1.1m | ($1.8m) | $4.4m | — | |
| Other assets, net | ($1.1m) | ($2.3m) | ($2.7m) | ($3.5m) | ($570k) | ($5.2m) | ($1.2m) | ($1.1m) | $1.4m | — | |
| Net cash provided by (used in) operating activities | $3.4m |
$3.3m
-2.23%
|
($4.2m)
-227.17%
|
$13.0m
+407.50%
|
($7.4m)
-157.07%
|
($14.5m)
-95.38%
|
$10.1m
+169.39%
|
($2.4m)
-123.38%
|
$21.3m
+1004.20%
|
$53.2m
+149.18%
|
|
| Loss on disposal of property, plant and equipment | $9k | $12k | ($483k) | $0 | $16k | $51k | $542k | $194k | $160k | — | |
| Purchases of property, plant and equipment | $5.5m | ($10.6m) | ($12.4m) | ($23.4m) | ($19.3m) | ($21.4m) | ($5.3m) | ($7.9m) | ($9.0m) | — | |
| Purchase of marketable securities | — | — | — | $0 | $0 | ($100.0m) | ($127.9m) | ($88.6m) | ($78.6m) | — | |
| Proceeds from maturities and sales of marketable securities | — | — | — | $0 | $0 | $50.0m | $119.1m | $113.3m | $78.3m | — | |
| Net cash (used in) provided by investing activities | ($5.5m) | ($11.7m) | ($30.4m) | ($24.5m) | ($21.9m) | ($72.4m) | ($14.1m) | $16.7m | ($8.8m) | — | |
| Net cash provided by (used in) financing activities | $24.4m |
$121.3m
+396.75%
|
$2.5m
-97.98%
|
($3.8m)
-253.63%
|
$73.7m
+2057.58%
|
($1.3m)
-101.77%
|
($859k)
+34.23%
|
($1.3m)
-51.69%
|
$20.1m
+1643.36%
|
$174.6m
+768.19%
|
|
| Net increase (decrease) in cash and cash equivalents and restricted cash | $23.2m | $112.8m | ($32.2m) | ($14.7m) | $44.2m | ($88.7m) | ($4.6m) | $12.6m | $32.9m | — | |
| Cash and cash equivalents and restricted cash, beginning of period | $36.7m | $149.5m | $117.3m | $102.6m | $146.8m | $58.1m | $53.5m | $66.1m | $99.0m | — | |
| Restricted cash | — | — | — | — | — | $252k | $256k | $259k | $322k | — | |
| Effect of exchange rate changes on cash | $834k | ($166k) | ($33k) | $545k | ($235k) | ($477k) | $256k | ($406k) | $264k | ($129k) | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| (Increase) reduction in carrying amount of right-of-use assets | — | — | — | $2.9m | $3.3m | $3.0m | $1.3m | $1.8m | ($4.1m) | — | |
| Non-cash restructuring charges | — | — | — | $0 | $0 | $2.8m | $0 | $1.2m | $1.4m | — | |
| Lease liabilities | — | — | — | ($2.8m) | ($2.9m) | ($1.9m) | ($1.4m) | ($2.0m) | $3.9m | — | |
| Non-current income taxes payable | $1.4m | $2.5m | ($205k) | $1.1m | ($507k) | ($13k) | ($1.3m) | $204k | $277k | — | |
| Proceeds from sale of fixed assets | — | — | — | — | — | — | $0 | $0 | $542k | — | |
| Proceeds from line of credit | — | — | — | — | — | — | $0 | $0 | $20.0m | — | |
| Proceeds from employee stock plan purchases | $0 | $0 | $1.5m | $1.4m | $1.6m | $2.4m | $2.5m | $2.7m | $2.9m | — | |
| Proceeds from stock option exercises | $336k | $362k | $1.6m | $1.4m | $1.1m | $1.2m | $640k | $500k | $281k | — | |
| Tax payments related to stock award issuances | $0 | $0 | ($524k) | ($6.4m) | ($10.6m) | ($4.9m) | ($4.0m) | ($4.5m) | ($3.1m) | — | |
| Cash paid for interest | $1.4m | $941k | ($2.8m) | $311k | $117k | $0 | $40k | $61k | $1.1m | — | |
| Operating cash outflows from operating leases | $3.4m | $3.3m | ($4.2m) | $2.9m | $3.5m | $3.9m | $3.9m | $4.0m | $3.5m | $53.2m | |
| Right-of-use assets obtained in exchange for lease liabilities | — | — | — | $15.1m | $8.0m | $1.3m | $1.7m | $1.3m | $6.6m | — | |
| Cash and cash equivalents | $36.7m | $149.5m | — | — | — | $57.8m | $53.2m | $65.8m | $98.7m | $79.1m |