← NLIGHT, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $138.6m |
$191.4m
+38.09%
|
$176.6m
-7.70%
|
$222.8m
+26.14%
|
$270.1m
+21.26%
|
$242.1m
-10.40%
|
$209.9m
-13.28%
|
$198.5m
-5.42%
|
$261.3m
+31.62%
|
$310.7m
+18.89%
|
|
| Total cost of revenue | $94.3m |
$124.4m
+31.91%
|
$124.3m
-0.09%
|
$163.4m
+31.50%
|
$192.8m
+18.00%
|
$191.2m
-0.83%
|
$163.8m
-14.34%
|
$165.5m
+1.05%
|
$183.4m
+10.78%
|
— | |
| Gross profit | $44.3m |
$67.0m
+51.24%
|
$52.3m
-21.84%
|
$59.4m
+13.42%
|
$77.3m
+30.23%
|
$50.8m
-34.26%
|
$46.1m
-9.26%
|
$33.0m
-28.40%
|
$78.0m
+136.12%
|
$97.9m
+25.63%
|
|
| Research and development | $15.1m | $21.1m | $28.1m | $41.2m | $54.8m | $53.8m | $46.2m | $45.1m | $48.0m | $50.6m | |
| Restructuring | — | — | — | $0 | $0 | $3.9m | $817k | $4.3m | $2.3m | $1.4m | |
| Total operating expenses | $34.5m | $49.9m | $62.2m | $80.4m | $107.5m | $105.9m | $92.9m | $98.7m | $104.5m | $112.3m | |
| Loss from operations | $9.8m |
$17.1m
+74.15%
|
($9.9m)
-158.07%
|
($21.0m)
-112.41%
|
($30.2m)
-43.56%
|
($55.1m)
-82.35%
|
($46.8m)
+15.13%
|
($65.6m)
-40.35%
|
($26.6m)
+59.55%
|
— | |
| Interest expense | — | — | — | — | — | — | ($67k) | ($105k) | ($1.1m) | $1.2m | |
| Interest income | — | — | — | — | — | — | $1.4m | $1.8m | $4.9m | $6.1m | |
| Loss before income taxes | $6.7m | $17.5m | ($6.8m) | ($20.6m) | ($30.0m) | ($54.2m) | ($42.6m) | ($60.9m) | ($22.8m) | — | |
| Income tax expense (benefit) | $4.9m | $3.6m | $6.1m | $340k | ($375k) | $344k | ($978k) | ($76k) | $699k | $673k | |
| Net loss | $1.8m | $13.9m | ($12.9m) | ($20.9m) | ($29.7m) | ($54.6m) | ($41.7m) | ($60.8m) | ($23.5m) | — | |
| Net loss per share, basic (in dollars per share) | $0 | $0 | ($0) | ($1) | ($1) | ($1) | ($1) | ($1) | ($0) | — | |
| Net loss per share, diluted (in dollars per share) | $0 | $0 | ($0) | ($1) | ($1) | ($1) | ($1) | ($1) | ($0) | — | |
| Shares used in per share calculations, basic (in shares) | $0.67 | $0.56 | ($0.35) | ($0.55) | ($0.70) | ($1.23) | ($0.90) | ($1.27) | ($0.47) | — | |
| Shares used in per share calculations, diluted (in shares) | $0.67 | $0.47 | ($0.35) | ($0.55) | ($0.70) | ($1.23) | ($0.90) | ($1.27) | ($0.47) | — | |
| Sales, general, and administrative | $19.4m | $28.8m | $34.1m | $39.2m | $52.7m | $48.3m | $45.9m | $49.3m | $54.2m | $61.7m | |
| Other (expense) income, net | ($1.8m) | ($253k) | $535k | $378k | $336k | $338k | $2.8m | $3.1m | ($40k) | — |