nLIGHT, Inc. reported a significant increase in financial performance for the six months ended June 30, 2025, with total revenue reaching $113.4 million, up from $95.0 million in the same period of 2024. This growth was primarily driven by increased sales in the Aerospace and Defense sector, which accounted for a substantial portion of the revenue. The company also reported a net loss of $11.7 million, a notable improvement compared to the net loss of $25.5 million recorded in the prior year. The gross profit for the first half of 2025 was $32.3 million, reflecting a gross margin of 28.4%, compared to 20.3% in the same period of 2024.
In terms of operational metrics, nLIGHT's product revenue increased to $76.5 million for the six months ended June 30, 2025, compared to $63.8 million in the previous year. The Advanced Development segment also saw growth, with revenue rising to $36.9 million from $31.2 million. The company’s customer base and engagement metrics were bolstered by increased unit sales of directed energy laser products and progress on existing research and development contracts. However, revenue from the Industrial market declined due to lower customer demand and deteriorating market conditions.
The company’s balance sheet showed total assets of $295.3 million as of June 30, 2025, an increase from $270.2 million at the end of 2024. Cash and cash equivalents rose to $78.8 million, up from $65.8 million, while accounts receivable increased to $44.4 million from $34.9 million. nLIGHT also drew $20 million from its revolving line of credit to support working capital needs, leaving an unused portion of $20 million available for future borrowing. The total liabilities increased to $79.3 million, up from $53.8 million, primarily due to the line of credit draw.
Looking ahead, nLIGHT anticipates continued growth driven by demand in the Aerospace and Defense markets, alongside ongoing investments in research and development to enhance its product offerings. The company remains focused on navigating market conditions and competitive pressures while managing costs effectively. nLIGHT's management believes that existing liquidity sources will be sufficient to meet operational needs for at least the next 12 months, although future capital requirements may vary based on market dynamics and strategic initiatives.
About NLIGHT, INC.
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