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This presentation contains nLIGHT, Inc. proprietary information. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from nLIGHT, Inc. Earnings Presentation Q4 & FY 2025 February 26, 2026
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2 Certain statements in this presentation are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Words such as “outlook,” “guidance,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions may identify these forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding expected revenues, gross margin, and Adjusted EBITDA, and our business strategy and our ability to grow our business, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements, including but not limited to our ability to compete successfully in the markets for our products; changes in the markets we serve or in the global economy; our ability to increase our volumes and decrease our costs to offset potential declines in the average selling prices of our products; rapid technological changes in the markets that we participate in; our ability to develop and maintain products that can achieve market acceptance; our ability to generate sufficient revenues to achieve or maintain profitability in the future; our high levels of fixed costs and inventory and their effect on our gross profits and results of operations if demand for our products declines or we maintain excess inventory levels; our ability to manage growth and spending during economic downturns; our manufacturing capacity and operations and their suitability for future levels of demand; our reliance on third parties to manufacture certain of our products and product components; our reliance on a small number of customers for a significant portion of our revenues; our ability to manage risks associated with international customers and operations; the effect of government export and import controls on our ability to compete in international markets; our ability to protect our proprietary technology and intellectual property rights; fluctuations in our quarterly results of operations and other operating measures; and the effect on our business of claims, lawsuits, government investigations, other legal or regulatory proceedings, or commercial or contractual disputes that we are or may become involved in. Additional information concerning these and other factors can be found in nLIGHT's filings with the Securities and Exchange Commission (the “SEC”), including other risks, relevant factors and uncertainties identified in the “Risk Factors” section of nLIGHT's most recent Annual Report on Form 10-K and subsequent filings with the SEC. nLIGHT undertakes no obligation to update publicly or revise any forward-looking statements contained herein to reflect future events or developments, except as required by law. This presentation includes certain non-GAAP financial measures as defined by the SEC rules, including non-GAAP operating expense, Adjusted EBITDA, non-GAAP net income (loss) and non- GAAP net income (loss) per share (basic and diluted). These non-GAAP financial measures are provided in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non- GAAP financial measures as tools for comparison. As required by Regulation G, we have provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in the appendix. This presentation may also contain estimates, projections and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry and our business. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the accuracy and completeness of the information obtained by third parties included in this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products, solutions and services of nLIGHT, Inc. Safe Harbor Statement
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3 Full Year 2025 | Key Messages Record A&D Revenue 2025 A&D revenue increased 60% year- over-year driven by both record A&D product and development revenue Margin Expansion 2025 gross margin and Adjusted EBITDA improved significantly on higher volumes, better mix, solid operational execution and disciplined OpEx spending Strength in Directed Energy Execution against existing programs driving near-term product growth while pipeline of new opportunities continues to build Positive A&D Outlook Expecting 2026 to be another year of A&D growth
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4 • 2025 revenue grew 32% year-over-year, driven by strength in A&D – $261.3 million of total revenue | +32% year-over-year – Record annual A&D revenue of $175.3 million | +60% year-over-year • Record A&D products revenue of $93.2 million | +96% year-over-year • Record Development revenue of $82.1 million | +33% year-over-year – Commercial revenue of $86.1 million | -3% year-over-year • Growth in microfabrication and advanced manufacturing offset declines in cutting and welding • Gross margin & Adjusted EBITDA Expansion – 29.8% total gross margin | up from 16.6% in 2024 • 37.8% products gross margin | up from 21.0% in 2024 driven by higher volumes, better mix – Adjusted EBITDA of $23.5 million | up from ($18.8) million driven by strong gross margin flow-through and OpEx discipline • Strong balance sheet with $134M of cash and marketable securities – Positive operating and free cash flow – Follow-on offering (February 2026) adds an additional ~$192 million of cash to the balance sheet 2025 Summary | Strong Growth & Execution
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5 • Q4 revenue above guidance – Record total quarterly revenue of $81.2 million | +71% year-over-year, +22% quarter-over-quarter – Record quarterly A&D revenue of $56.3 million | +87% year-over-year, +24% quarter-over-quarter • Record A&D Products revenue of $30.2 million | +109% year-over-year, +14% quarter-over-quarter • Record Development revenue of $26.1 million | +66% year-over-year, +36% quarter-over-quarter • Gross margins & Adjusted EBITDA at the high-end of guidance – 30.7% total gross margin | 37.3% products gross margin driven by higher volumes and positive mix – Adjusted EBITDA of $10.7 million | up from ($11.3) million driven by strong gross margin flow-through and OpEx discipline • Positive operating and free cash flow in the quarter • Strong growth in aerospace & defense; modest upside in commercial – A&D | record revenue in A&D products and development driven by solid execution in Directed Energy – Microfabrication | Q/Q improvement as order patterns have stabilized – Industrial | growth in advanced manufacturing partially offset by continued declines in cutting and welding Q4 2025 Summary | Record A&D Drives Continued Strength
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6 Revenue by Market | A&D Continues to Drive Growth Percentages may not total to 100% due to rounding Q4 ’25 Total Revenue • $81.2 million • +71% y/y • +22% q/q Q4 ’25 A&D Revenue • $56.3 million • +87% y/y • +24% q/q Q4 ’25 Industrial Revenue • $10.7 million • +17% y/y • +11% q/q Q4 ’25 Microfab Revenue • $14.2 million • +75% y/y • +22% q/q Quarterly Revenue $ Millions 39% 46% 38% 52% 49% 54% 54% 64% 63% 29% 27% 26% 21% 19% 17% 16% 14% 13% 20% 24% 20% 25% 17% 20% 18% 17% 18% $52 $45 $51 $56 $47 $52 $62 $67 $81 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2025
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Q4 & FY 2025 Financial Update
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8 2025 Summary Financial Results | Strong Growth & Execution • 2025 Revenue grew 32% Y/Y • Product revenue +31% Y/Y • Development revenue +33% Y/Y • Gross Margin expansion • Higher volumes • Better mix • Manufacturing efficiencies • Development margin better • Adjusted EBITDA improvement • Gross margin flow-through • OpEx discipline • Strong cash flows • Positive cash from operations while investing in working capital • CapEx to support future growth * See Appendix for reconciliation to most directly comparable GAAP measure FY 2025 FY 2024 FY 2023 Total Revenue ($ in millions) $261.3 $198.5 $209.9 Products Revenue $179.2 $136.7 $156.7 Development Revenue $82.1 $61.9 $53.2 Total Gross Margin 29.8% 16.6% 22.0% Products Gross Margin 37.8% 21.0% 27.1% Development Gross Margin 12.4% 7.0% 6.8% Net Loss ($23.5) ($60.8) ($41.7) Net Loss per Share (diluted) ($0.47) ($1.27) ($0.90) Non-GAAP Net Income (Loss)* $13.1 ($30.9) ($13.6) Non-GAAP Net Income (Loss) per Share (diluted)* $0.24 ($0.65) ($0.30) Adjusted EBITDA* $23.5 ($18.8) ($4.1) Cash and investments $134.0 $100.4 $112.6 Cash Flow from (used in) Operations $21.3 ($2.4) $10.1 Capital Expenditures ($9.0) ($7.9) ($5.3)
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9 Q4 2025 Summary Financial Results | Strong growth & Execution Drives Upside • Q4 ’25 Revenue grew 71% Y/Y • Product revenue +74% Y/Y • Development revenue +66% Y/Y • Solid Gross Margin • Higher volumes • Development margin better • Record Adjusted EBITDA • Solid gross margin • Continued OpEx discipline • Strong cash flows • Positive cash from operations while investing in working capital * See Appendix for reconciliation to most directly comparable GAAP measure Q4 2025 Q4 2024 Q3 2025 Total Revenue ($ in millions) $81.2 $47.4 $66.7 Products Revenue $55.1 $31.7 $47.6 Development Revenue $26.1 $15.7 $19.1 Total Gross Margin 30.7% 2.4% 31.1% Products Gross Margin 37.3% 0.7% 41.0% Development Gross Margin 16.8% 5.8% 6.4% Net Loss ($4.9) ($25.0) ($6.9) Net Loss per Share (diluted) ($0.10) ($0.51) ($0.14) Non-GAAP Net Income (Loss)* $7.8 ($14.5) $4.3 Non-GAAP Net Income (Loss) per Share (diluted)* $0.14 ($0.30) $0.08 Adjusted EBITDA* $10.7 ($11.3) $7.1 Cash and investments $134.0 $100.4 $116.1 Cash Flow from (used in) Operations $17.5 ($3.9) $5.2 Capital Expenditures ($1.6) ($2.6) ($2.8)
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10 Gross Margin | Products Gross Margin Trends Products Revenue & Gross Margin – Quarterly $ Millions; % of Revenue $38 $41 $34 $41 $32 $36 $41 $48 $55 22.0% 20.9% 30.3% 28.8% 0.7% 33.5% 38.5% 41.0% 37.3% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% $0 $10 $20 $30 $40 $50 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 2025 Products Revenue Products GM %
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11 Note: Excluding stock-based compensation expense, amortization of purchased intangibles and acquisition and integration-related costs. See Appendix for a reconciliation to GAAP operating expenses. Operating Expenses | R&D and SG&A 9.5 8.9 9.4 9.1 9.6 9.4 9.0 8.9 10.5 7.9 8.3 8.6 9.2 8.2 8.3 7.7 8.6 7.9 $17.4 $17.2 $18.0 $18.3 $17.7 $17.8 $16.8 $17.5 $18.4 0% 10% 20% 30% 40% 50% $0 $5 $10 $15 $20 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 2025 Operating Expenses (Non-GAAP) $ Millions; % of Revenue
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12 Strong Balance Sheet and Working Capital Management $65 $62 $53 $53 $52 $49 $41 $44 $48 $51 $45 143 140 123 128 123 104 87 101 96 98 77 0 20 40 60 80 100 120 140 160 180 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Inventory ($M) and Days of Inventory (DOI) Inventory DOI $40 $28 $32 $40 $35 $37 $44 $49 $51 65 68 53 58 71 62 59 52 56 0 15 30 45 60 75 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Accounts Receivable ($M) and Days Sales Outstanding (DSO) Accounts Receivable DSO $113 $121 $115 $107 $101 $117 $114 $116 $134 $0 $25 $50 $75 $100 $125 $150 Q4'23 Q2'24 Q4'24 Q2'25 Q4'25 Cash and Investments ($M) Cash, Cash Equivalents and Marketable Securities
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13 Outlook | Q1 2026 * We have not reconciled our outlook for Adjusted EBITDA because unrealized and realized foreign exchange gains and losses cannot be reasonably calculated or predicted nor can the probable significance be determined at this time. Accordingly, a reconciliation is not available without unreasonable effort. • Q1 2026 Revenues of $70 million to $76 million; midpoint of $73 million – Products: $54 million at midpoint – Advanced Development: $19 million at midpoint • Q1 2026 Gross Margin of 27% to 32% – Products: 34% to 39% – Advanced Development: ~8% • Q1 2026 Adjusted EBITDA of $5 million to $10 million
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Appendix
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16 Supplemental Information | Revenue & Gross Margin nLight, Inc. 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Revenue: Products $ 41,107 $ 39,592 $ 38,103 $ 37,864 $ 156,666 $ 29,370 $ 34,458 $ 41,132 $ 31,699 $ 136,659 $ 35,678 $ 40,824 $ 47,608 $ 55,126 $ 179,236 Development 12,984 13,712 12,531 14,028 53,255 15,157 16,053 14,997 15,682 61,889 15,990 20,911 19,134 26,059 82,094 Total revenue 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 66,742 81,185 261,330 Cost of revenue: Products 27,526 28,272 29,016 29,367 114,181 23,231 24,011 29,286 31,475 108,003 23,724 25,105 28,086 34,539 111,454 Development 12,302 12,924 11,681 12,720 49,627 13,808 14,650 14,293 14,775 57,526 14,145 18,173 17,903 21,692 71,913 Total cost of revenue 39,828 41,196 40,696 42,087 163,808 37,039 38,661 43,579 46,250 165,529 37,869 43,278 45,989 56,231 183,367 Gross profit: Products 13,581 11,320 9,088 8,497 42,485 6,139 10,447 11,846 224 28,656 11,954 15,719 19,522 20,587 67,782 Development 682 788 850 1,308 3,628 1,349 1,403 704 907 4,363 1,845 2,738 1,231 4,367 10,181 Total gross profit 14,263 12,108 9,938 9,805 46,113 7,488 11,850 12,550 1,131 33,019 13,799 18,457 20,753 24,954 77,963 Gross margin: Products 33.0 % 28.6 % 23.9 % 22.4 % 27.1 % 20.9 % 30.3 % 28.8 % 0.7 % 21.0 % 33.5 % 38.5 % 41.0 % 37.3 % 37.8 % Development 5.3 % 5.7 % 6.8 % 9.3 % 6.8 % 8.9 % 8.7 % 4.7 % 5.8 % 7.0 % 11.5 % 13.1 % 6.4 % 16.8 % 12.4 % Total gross margin 26.4 % 22.7 % 19.6 % 18.9 % 22.0 % 16.8 % 23.5 % 22.4 % 2.4 % 16.6 % 26.7 % 29.9 % 31.1 % 30.7 % 29.8 %
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17 GAAP to Non-GAAP Reconciliation | Operating Expenses nLight, Inc. 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total R&D expense (GAAP) $ 11,301 $ 12,004 $ 10,744 $ 12,114 $ 46,163 $ 10,659 $ 11,736 $ 11,328 $ 11,384 $ 45,107 $ 11,374 $ 11,012 $ 11,534 $ 14,052 $ 47,972 Non-GAAP adjustments: Stock-based compensation in R&D (2,098) (2,826) (2,613) (2,329) (9,866) (1,613) (2,175) (2,046) (1,671) (7,505) (1,784) (1,834) (2,560) (3,103) (9,281) Amortization of purchased intangibles (384) (384) (383) (264) (1,415) (149) (148) (149) (148) (594) (149) (148) (100) (436) (833) Non-GAAP R&D expense $ 8,819 $ 8,794 $ 7,748 $ 9,521 $ 34,882 $ 8,897 $ 9,413 $ 9,133 $ 9,565 $ 37,008 $ 9,441 $ 9,030 $ 8,874 $ 10,513 $ 37,858 SG&A expense (GAAP) 11,169 11,790 11,725 11,215 45,899 11,547 12,804 13,021 11,885 49,257 12,035 11,681 14,785 15,692 54,193 Non-GAAP adjustments: Stock-based compensation in SG&A (2,705) (4,026) (3,506) (3,323) (13,560) (3,277) (4,169) (3,852) (3,720) (15,018) (3,702) (3,939) (6,187) (7,832) (21,660) Acqusition and integration costs - - - - - - - - - - - - - - - Non-GAAP SG&A expense $ 8,464 $ 7,764 $ 8,219 $ 7,892 $ 32,339 $ 8,270 $ 8,635 $ 9,169 $ 8,165 $ 34,239 $ 8,333 $ 7,742 $ 8,598 $ 7,860 $ 32,533
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18 (1) There is no income tax effect related to the stock-based compensation, acquisition and integration-related costs, and amortization of purchased intangibles adjustments due to the full valuation allowance in the U.S. GAAP to Non-GAAP Reconciliation | Adjusted EBITDA, Net Income and EPS nLight, Inc. 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Stock-based compensation included in following: Cost of revenues 700$ 663$ 508$ 535$ 2,406$ 541$ 659$ 629$ 609$ 2,438$ 570$ 598$ 615$ 687$ 2,470$ Research and development 2,098 2,826 2,613 2,329 9,866 1,613 2,175 2,046 1,671 7,505 1,784 1,834 2,560 3,103 9,281 Sales, general, and administrative 2,705 4,026 3,506 3,323 13,560 3,277 4,169 3,852 3,720 15,018 3,702 3,939 6,187 7,832 21,660 Total stock-based compensation 5,503$ 7,515$ 6,627$ 6,187$ 25,832$ 5,431$ 7,003$ 6,527$ 6,000$ 24,961$ 6,056$ 6,371$ 9,362$ 11,622$ 33,411$ nLight, Inc. 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Net income (loss) (7,730)$ (8,823)$ (11,879)$ (13,238)$ (41,670)$ (13,766)$ (11,729)$ (10,335)$ (24,962)$ (60,792)$ (8,093)$ (3,591)$ (6,874)$ (4,909)$ (23,467)$ Adjustments: Income tax expense (benefit) 264 (1,456) 187 27 (978) 144 120 261 (601) (76) 137 17 273 272 699 Other (income) expense (404) (1,057) (536) (779) (2,776) (641) (622) (1,331) (506) (3,100) (14) 58 64 (68) 40 Interest (income) (357) (370) (310) (372) (1,409) (475) (479) (421) (398) (1,773) (1,688) (1,108) (1,079) (1,031) (4,906) Interest expense 20 20 7 20 67 20 20 27 38 105 48 388 317 331 1,084 Depreciation and amortization 3,977 4,021 3,985 4,041 16,024 4,393 4,088 4,278 4,837 17,596 3,670 3,415 3,313 3,859 14,257 Stock-based compensation 5,503 7,515 6,627 6,187 25,832 5,431 7,003 6,527 6,000 24,961 6,056 6,371 9,362 11,622 33,411 Restructuring charges - - - 817 817 - - - 4,291 4,291 - - 1,733 615 2,348 Acquisition and integration-related costs - - - - - - - - - - - - - - - Adjusted EBITDA 1,273$ (150)$ (1,919)$ (3,297)$ (4,093)$ (4,894)$ (1,599)$ (994)$ (11,301)$ (18,788)$ 116$ 5,550$ 7,109$ 10,691$ 23,466$ Net income (loss) (7,730)$ (8,823)$ (11,879)$ (13,238)$ (41,670)$ (13,766)$ (11,729)$ (10,335)$ (24,962)$ (60,792)$ (8,093)$ (3,591)$ (6,874)$ (4,909)$ (23,467)$ Add back: Stock-based compensation (1) 5,503 7,515 6,627 6,187 25,832 5,431 7,003 6,527 6,000 24,961 6,056 6,371 9,362 11,622 33,411 Valuation allowance on foreign deferred tax assets - - - - - - - - - - - Acquisition and integration-related costs - - - - - - - - - - - Amortization of purchased intangibles 384 384 383 264 1,415 149 148 149 148 594 149 148 100 436 833 Restructuring charges - - - 817 817 - - - 4,291 4,291 - - 1,733 615 2,348 Non-GAAP net income (loss) (1,843)$ (924)$ (4,869)$ (5,970)$ (13,606)$ (8,186)$ (4,578)$ (3,659)$ (14,523)$ (30,946)$ (1,888)$ 2,928$ 4,321$ 7,764$ 13,125$ GAAP weighted-average shares outstanding 45,706 45,717 46,403 46,735 46,078 47,242 47,658 48,133 48,557 47,900 49,093 49,581 50,288 50,931 49,979 Assumed conversion of convertible preferred stock to common stock - - - - - - - - - - - - - - - Participating securities - - - - - - - - - - - - - - - Non-GAAP weighted-average number of shares, basic 45,706 45,717 46,403 46,735 46,078 47,242 47,658 48,133 48,557 47,900 49,093 49,581 50,288 50,931 49,979 Dilutive effect of common stock equivalents - - - - - - - - - - - 1,573 4,139 4,587 3,702 Non-GAAP weighted-average number of shares, diluted 45,706 45,717 46,403 46,735 46,078 47,242 47,658 48,133 48,557 47,900 49,093 51,154 54,427 55,518 53,681 Non-GAAP net income (loss) per share, basic (0.04)$ (0.02)$ (0.10)$ (0.13)$ (0.30)$ (0.17)$ (0.10)$ (0.08)$ (0.30)$ (0.65)$ (0.04)$ 0.06$ 0.09$ 0.15$ 0.26$ Non-GAAP net income (loss) per share, diluted (0.04) (0.02) (0.10) (0.13) (0.30) (0.17) (0.10) (0.08) (0.30) (0.65) (0.04) 0.06 0.08 0.14 0.24
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19 Supplemental Information | Key Revenue Metrics Note: Percentages may not total to 100 due to rounding. nLight, Inc. 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 FY 2023 Q1 Q2 Q3 Q4 FY 2024 Q1 Q2 Q3 Q4 FY 2025 Revenues by end market Aerospace and defense $ 21,131 $ 24,508 $ 19,027 $ 26,728 $ 91,394 $ 21,745 $ 27,390 $ 30,278 $ 30,127 $ 109,540 $ 32,706 $ 40,695 $ 45,554 $ 56,298 $ 175,253 Industrial 19,902 16,569 19,607 14,966 71,044 11,985 12,905 11,588 9,137 45,615 8,856 9,746 9,577 10,668 38,847 Microfabrication 13,058 12,227 12,000 10,198 47,483 10,797 10,216 14,263 8,117 43,393 10,106 11,294 11,611 14,219 47,230 Total revenues 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 66,742 81,185 261,330 Aerospace & defense as % of total 39 % 46 % 38 % 179 % 44 % 49 % 54 % 54 % 64 % 55 % 63 % 66 % 68 % 69 % 67 % Industrial as % of total 37 % 31 % 39 % 29 % 34 % 27 % 26 % 21 % 19 % 23 % 17 % 16 % 14 % 13 % 15 % Microfabrication as % of total 24 % 23 % 24 % 20 % 23 % 24 % 20 % 25 % 17 % 22 % 20 % 18 % 17 % 18 % 18 % Revenues by geography North America $ 29,103 $ 34,317 $ 31,330 $ 34,561 $ 129,311 $ 28,724 $ 35,640 $ 36,332 $ 32,116 $ 132,812 $ 36,085 $ 45,171 $ 46,682 $ 57,682 $ 185,620 Asia Pacific 13,788 11,210 10,495 10,272 45,765 10,034 9,077 11,211 7,815 38,137 9,128 8,662 9,280 11,352 38,422 EMEA 11,200 7,777 8,809 7,059 34,845 5,769 5,794 8,586 7,450 27,599 6,455 7,902 10,780 12,151 37,288 Total revenues 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 66,742 81,185 261,330 North America as % of total 54 % 64 % 62 % 67 % 62 % 65 % 71 % 65 % 68 % 67 % 70 % 73 % 70 % 71 % 71 % Asia Pacific as % of total 25 % 5 % 5 % 20 % 22 % 23 % 18 % 20 % 16 % 19 % 18 % 14 % 14 % 14 % 15 % EMEA as % of total 21 % 30 % 33 % 14 % 17 % 13 % 11 % 15 % 16 % 14 % 12 % 13 % 16 % 15 % 14 % Fiber laser revenue by power level High-power (>= 6kW) 62 % 55 % 60 % 59 % 59 % 48 % 63 % 57 % 60 % 57 % 58 % 59 % 44 % 32 % 55 % Medium-power (2kW - 5kW) 27 % 32 % 21 % 20 % 25 % 33 % 28 % 27 % 25 % 28 % 30 % 27 % 31 % 11 % 27 % Low-power (< 2kW) 11 % 12 % 19 % 21 % 15 % 19 % 10 % 16 % 16 % 15 % 11 % 14 % 25 % 12 % 18 %