Risk factors
Nlight (LASR) risk factors
Item 1A of every Nlight, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors38 risks4 new3 dropped14 reworded
New disclosures highlight risks around U.S. government contract dependency and classified programs. Tax risk reflects the newly enacted OBBBA of July 2025. Export control disclosures on China and foreign retaliation were expanded.
Filed Feb 27, 2026 - FY2024 10-K risk factors37 risks
Aerospace and defense market reliance on government budgets dominates our operating risks. Customer concentration and high fixed manufacturing costs pose significant ongoing threats. Intellectual property and complex global export controls threaten competitive positioning.
Filed Feb 28, 2025