nLIGHT, Inc. (LASR)

From the record

nLIGHT, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

nLIGHT, Inc.'s 9 filed years say what it did: revenue went from $139 million in fiscal 2017 to $261 million in fiscal 2025, up 8.3% a year; it rose in 4 of 8 years; the deepest fall was 27% from fiscal 2021 to fiscal 2024; net income was positive in 2 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, nLIGHT, Inc.'s diluted share count grew about 4.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 100 sales (87 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, nLIGHT, Inc. lost about 10 cents for every dollar of shareholders' money, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 28 cents per dollar of assets, and net share issuance: its share count grew 4.3% over the year (the filed statements).

From the record

nLIGHT, Inc.'s standing among 97 graded names in its industry family: revenue of $261 million in fiscal 2025 ranks in the bottom 33% by size; a net margin of -9% ranks in the bottom 34%; revenue growth of 2.6% a year over the last 3 filed years ranks in the top 44% (its annual reports).

From the record

nLIGHT, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Keeney, Scott H (President and CEO, as filed), filing under that title since 2018-04-25, 8.6 years (top 30% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 8.6 years (top 27%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

nLIGHT, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $99 million against no long-term debt tagged leaves 31.3% of its assets as net cash, top 18% of its family; cash from operations less capital spending is 4.7% of revenue (bottom 48%); a gross margin of 29.8% (bottom 29%); research spending of 18.4% of revenue (bottom 47%) (its annual report).

From the record

nLIGHT, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.6% a year over the last three filed years against 8.3% over all 9, slowing (top 46% of its family); the newest year grew 31.6% (top 26%); research spending grew -3.7% a year (bottom 18%); capital spending grew -25% a year (bottom 19%) (its annual reports). nLIGHT, Inc. reported 3 product lines in fiscal 2025: Aerospace and Defense at $175 million (67%), Microfabrication at $47 million (18%), Industrial at $39 million (15%); 2 of 3 grew against the year before (its annual report).

From the record

nLIGHT, Inc.'s newest year against its own record: revenue of $261 million in fiscal 2025 came in 45.3% above the $180 million its prior three years' pace pointed to (top 26% of its family); net income of $23 million against a prior three-year average of $52 million (top 27%); a net margin of -9% against -24.3% before (top 24%) (its annual reports).