nLIGHT, Inc. reported a significant increase in financial performance for the third quarter of 2025, with total revenue reaching $66.7 million, up from $56.1 million in the same period last year. For the nine months ended September 30, 2025, revenue totaled $180.1 million, compared to $151.2 million for the same period in 2024. The growth was primarily driven by increased sales in the Aerospace and Defense sector, which accounted for 68.3% of total revenue in the third quarter. The company reported a net loss of $6.9 million for the third quarter, an improvement from a net loss of $10.3 million in the prior year, and a net loss of $18.6 million for the nine months, compared to $35.8 million in 2024.
The company experienced notable changes in its operational metrics, including a 15.7% increase in revenue from its Laser Products segment, which generated $47.6 million in the third quarter. The Advanced Development segment also saw a 27.6% increase, contributing $19.1 million. However, revenue from the Industrial and Microfabrication markets declined, reflecting decreased customer demand and market conditions. nLIGHT's gross profit for the third quarter was $20.8 million, resulting in a gross margin of 31.1%, up from 22.4% in the previous year, indicating improved efficiency and product mix.
In terms of strategic developments, nLIGHT implemented restructuring plans during the quarter, which included a headcount reduction in China and the write-down of certain long-lived assets. This restructuring resulted in charges of $1.7 million. The company also drew $20 million from its revolving line of credit to support working capital needs, maintaining compliance with all covenants. As of September 30, 2025, nLIGHT had cash and cash equivalents of $81.1 million, an increase from $65.8 million at the end of 2024.
Geographically, nLIGHT's revenue from North America increased significantly, accounting for 69.9% of total revenue in the third quarter, while revenue from the Asia Pacific region declined. The company reported a total of 50,784 shares outstanding as of September 30, 2025, reflecting an increase in shares issued due to stock options and restricted stock awards. The company continues to focus on expanding its market presence and enhancing product offerings, particularly in the defense sector, where demand for laser technology remains strong.
Looking ahead, nLIGHT anticipates continued growth driven by demand in the Aerospace and Defense markets, although it remains cautious about potential impacts from global economic conditions and trade policies. The company plans to maintain its investment in research and development to support future product innovations and market expansion. Overall, nLIGHT's financial outlook appears positive, with expectations for improved revenue and reduced losses as it navigates the evolving market landscape.
About NLIGHT, INC.
nLIGHT, Inc. designs and manufactures high-power semiconductor and fiber lasers for aerospace, defense, industrial, and microfabrication markets. Its products include laser sources, amplifiers, and advanced laser systems used in directed energy, sensing, and material processing applications. The company leverages vertical integration, innovation, and proprietary technology to deliver reliable, programmable, and high-performance laser solutions to global customers across government and commercial sectors.
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