nLIGHT Reports 16% Revenue Growth to $51.7 Million in Q1 2025

nLIGHT, Inc. reported a significant increase in financial performance for the first quarter of 2025, with total revenue reaching $51.7 million, up 16% from $44.5 million in the same period of 2024. This growth was primarily driven by a 21.5% increase in revenue from the Laser Products segment, which generated $35.7 million, and a 5.5% rise in the Advanced Development segment, contributing $16 million. The company reported a net loss of $8.1 million, an improvement from the $13.8 million loss recorded in the prior year, reflecting a narrowing of losses as operational efficiencies improved.

The company’s balance sheet showed total assets of $290 million as of March 31, 2025, compared to $270.2 million at the end of 2024. Current assets increased to $215.8 million, driven by higher cash and cash equivalents, which rose to $82.2 million from $65.8 million. nLIGHT's total liabilities also increased to $77.2 million, largely due to a $20 million draw on its revolving line of credit, which is now fully utilized. The company’s stockholders' equity decreased slightly to $212.8 million from $216.4 million, primarily due to the net loss incurred during the quarter.

Operationally, nLIGHT saw a notable shift in its revenue mix, with the Aerospace and Defense market accounting for 63.3% of total revenue, a significant increase from 48.8% in the previous year. This shift was complemented by a decrease in revenue from the Industrial market, which fell by 26.1% due to lower customer demand. The company also reported a 25.6% increase in North American revenue, which was bolstered by strong performance in the Aerospace and Defense sector. However, revenue from the Asia Pacific region declined by 9% due to reduced sales in the Industrial and Microfabrication markets.

Looking ahead, nLIGHT remains focused on expanding its product offerings and enhancing its technological capabilities. The company plans to continue investing in research and development to drive innovation in its semiconductor and fiber laser technologies. Management expressed optimism about future growth, particularly in the Aerospace and Defense sectors, contingent on ongoing government investments in laser technology. The company believes its current liquidity position, bolstered by cash reserves and available credit, will support its operational and capital needs for at least the next 12 months.