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nLIGHT, Inc. Announces Third Quarter 2025 Results
Third consecutive quarter of record Aerospace & Defense revenue CAMAS, Wash.--(BUSINESS WIRE)-- nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power
About this update from Nlight, Inc.
[{"type":"text","content":"\nThird consecutive quarter of record Aerospace & Defense revenue\n\n CAMAS, Wash.--(BUSINESS WIRE)--\nnLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for mission critical directed energy, optical sensing, and advanced manufacturing applications, today reported financial results for the third quarter of 2025.\n\n“3Q 2025 represented another solid quarter of execution for nLIGHT with record revenue from our A&D markets driving our results,” commented Scott Keeney, nLIGHT’s President and Chief Executive Officer. “I am particularly pleased with the expansion of our products gross margin, which was 41% in the quarter, and the growth in our Adjusted EBITDA, both of which demonstrate the leverage that is inherent in our operating model. We expect continued sequential A&D revenue growth in the fourth quarter as many of the programs previously announced continue to ramp. As a result, we expect full year 2025 A&D revenue growth to exceed our prior outlook for A&D growth of at least 40% year-over-year.\"\n\nThird Quarter 2025 Financial Highlights\n\n\n\n \n\n\n\nThree Months Ended\nSeptember 30,\n\n\n\n \n\n\n\n \n\n\n\n\n\n(In thousands, except percentages)\n\n\n\n2025\n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n% Change\n\n\n\n\n\nRevenues\n\n\n\n$\n\n\n\n66,742\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n56,129\n\n\n\n \n\n\n\n \n\n\n\n18.9\n\n\n\n%\n\n\n\n\n\nGross margin\n\n\n\n \n\n\n\n31.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n22.4\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n\n\nLoss from operations\n\n\n\n$\n\n\n\n(7,299\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(11,799\n\n\n\n)\n\n\n\n \n\n\n\n38.1\n\n\n\n%\n\n\n\n\n\nOperating margin\n\n\n\n \n\n\n\n(10.9\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n(21.0\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n\n\nNet loss\n\n\n\n$\n\n\n\n(6,874\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(10,335\n\n\n\n)\n\n\n\n \n\n\n\n33.5\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA(1)\n\n\n\n$\n\n\n\n7,109\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(994\n\n\n\n)\n\n\n\n \n\n\n\nNM*\n\n\n\n\n\n(1) A reconciliation of the non-GAAP metrics presented here to the most directly comparable GAAP metric has been provided in the tables included at the end of this release.\n\n\n\n\n\n* Not meaningful\n\n\n\n\nRevenues of $66.7 million for the third quarter of 2025 were up 18.9% compared to $56.1 million for the third quarter of 2024. Gross margin was 31.1% for the third quarte...