nLIGHT Inc. has released its second quarter 2025 financial results, reporting a significant focus on non-GAAP financial metrics such as Adjusted EBITDA and non-GAAP net income (loss). The company uses these metrics to evaluate business performance and strategic decisions. The reconciliation of these non-GAAP metrics to the most directly comparable GAAP metric is provided in the accompanying tables at the end of the release. Looking ahead to the third quarter of 2025, nLIGHT has issued an outlook predicting revenues in the range of $62 million to $67 million, with a midpoint of $64.5 million. This includes Products revenue of approximately $45 million and Advanced Development revenue of approximately $19 million. The company anticipates an overall gross margin of 24% to 30%, with Products gross margin expected to be between 32% and 36%, and an Advanced Development gross margin of approximately 8%. Additionally, nLIGHT forecasts Adjusted EBITDA to range from $2.0 million to $6.0 million. The company has not provided a reconciliation for the Adjusted EBITDA outlook due to the unpredictability of unrealized and realized foreign exchange gains and losses.