恩耐激光 2025年季度报告

or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from to Commission File Number001-38462________________________________________________________ NLIGHT, INC.(Exact name of Registrant as specified in its charter) ________________________________________________________ 91-2066376(I.R.S. EmployerIdentification Number) Delaware 4637 NW 18AvenueCamas,Washington98607(Address of principal executive office, including zip code)(360)566-4460(Registrant's telephone number, including area code)__________________________________________th Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the Registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☒Non-Accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). As ofNovember5, 2025, the Registrant had50,786,007shares of common stock outstanding. TABLE OF CONTENTS Part I. Financial Information1Item 1. Unaudited Interim Financial Statements1Consolidated Balance Sheets: September 30, 2025 and December 31, 2024 (unaudited)1Consolidated Statements of Operations: Three andNineMonths Ended September 30, 2025and 2024 (unaudited)2Consolidated Statements of Comprehensive Loss:Three andNineMonths EndedSeptember30, 2025 and 2024(unaudited)3Consolidated Statements of Stockholders' Equity:Three andNineMonths EndedSeptember30,2025 and 2024(unaudited)4Consolidated Statements of Cash Flows:NineMonths EndedSeptember30, 2025 and 2024(unaudited)6Notes to Consolidated Financial Statements (unaudited)7Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations19Item 3. Quantitative and Qualitative Disclosures About Market Risk28Item 4. Controls and Procedures28Part II. Other Information29Item 1. Legal Proceedings30Item 1A. Risk Factors30Item 5. Other Information31Item 6. Exhibits32Signatures33 PART I—FINANCIAL INFORMATION nLIGHT, Inc.Consolidated Balance Sheets(In thousands)(Unaudited) nLIGHT, Inc.Consolidated Statements of Operations(In thousands, except per share data)(Unaudited) nLIGHT, Inc.Consolidated Statements of Comprehensive Loss(In thousands)(Unaudited) nLIGHT, Inc.Consolidated Statements of Stockholders' Equity(In thousands)(Unaudited) nLIGHT, Inc.Consolidated Statements of Cash Flows(In thousands)(Unaudited) Basis of Presentation The accompanying unaudited consolidated financial statements of nLIGHT, Inc. and our wholly-owned subsidiaries havebeen prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP)and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). The unaudited financialinformation reflects, in the opinion of management, all adjustments necessary for a fair presentation of financial position,results of operations, stockholders’ equity, and cash flows for the interim periods presented. The results reported for theinterimperiod presented are not necessarily indicative of results that may be expected for the full year.Theseconsolidated financial statements should be read in conjunction with the consolidated financial statements and notesthereto included in our Annual Report on Form 10-K for the year ended December31, 2024. Critical Accounting PoliciesOur critical accounting policies have not materially changed during thenine months ended September 30, 2025, from those disclosed in our Annual Report on Form10-K for the year endedDecember31, 2024. New Accounting Pronouncements ASU 2023-09In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. This ASU requires enhanced jurisdictional and ot