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NLIGHT INC

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

LASR$38.02+29.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-38462

NLIGHT, INC.

(Exact name of Registrant as specified in its charter)

Delaware91-2066376
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification Number)

4637 NW 18 th Avenue

Camas, Washington 98607

(Address of principal executive office, including zip code)

(360)566-4460

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Exchange on which Registered
Common Stock, par value $0.0001 per shareLASRThe Nasdaq Stock Market LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter 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, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-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 transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of November 5, 2024, the Registrant had 48,429,356 shares of common stock outstanding.

TABLE OF CONTENTS
Page
Part I. Financial Information1
Item 1. Unaudited Interim Financial Statements1
Consolidated Balance Sheets: September 30, 2024 and December 31, 2023 (unaudited)1
Consolidated Statements of Operations: Three and Nine Months Ended September 30, 2024 and 2023 (unaudited)2
Consolidated Statements of Comprehensive Loss: Three and Nine Months Ended September 30, 2024 and 2023 (unaudited)3
Consolidated Statements of Stockholders' Equity: Three and Nine Months Ended September 30, 2024 and 2023 (unaudited)4
Consolidated Statements of Cash Flows: Three and Nine Months Ended September 30, 2024 and 2023 (unaudited)6
Notes to Consolidated Financial Statements (unaudited)7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations17
Item 3. Quantitative and Qualitative Disclosures About Market Risk25
Item 4. Controls and Procedures26
Part II. Other Information26
Item 1. Legal Proceedings27
Item 1A. Risk Factors27
Item 5. Other Information27
Item 6. Exhibits28
Signatures29
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.