Laser Photonics Corp
NASDAQ:LASE
Laser Photonics Corp
Laser Photonics Corp. is a vertically integrated manufacturing company for photonics based industrial products and solutions, primarily disruptive laser cleaning technologies. The company is headquartered in Orlando, Florida. The company went IPO on 2022-09-30. The firm's product categories are industrial products, hi-tech products, and original equipment market (OEM) laser parts. Its industrial products include laser cleaning, laser cutting, three-dimensional (3D) printing, laser engraving, and laser marking. Its hi-tech products include flat panel display (FPD) laser scribing systems, glass cutting lasers, and semiconductor lasers. Its OEM laser parts include OEM laser marking, low-power fiber lasers, mid-fiber power lasers, high-power lasers, scanning heads, and cutting heads. The company serves aerospace, automotive, military and defense, nuclear and energy, shipbuilding and maritime, and space exploration industries. The company is also engaged in developing Laser Tower, which is a group of standardized laser cutting equipment that is affordable to small and mid-size companies.
Laser Photonics Corp. is a vertically integrated manufacturing company for photonics based industrial products and solutions, primarily disruptive laser cleaning technologies. The company is headquartered in Orlando, Florida. The company went IPO on 2022-09-30. The firm's product categories are industrial products, hi-tech products, and original equipment market (OEM) laser parts. Its industrial products include laser cleaning, laser cutting, three-dimensional (3D) printing, laser engraving, and laser marking. Its hi-tech products include flat panel display (FPD) laser scribing systems, glass cutting lasers, and semiconductor lasers. Its OEM laser parts include OEM laser marking, low-power fiber lasers, mid-fiber power lasers, high-power lasers, scanning heads, and cutting heads. The company serves aerospace, automotive, military and defense, nuclear and energy, shipbuilding and maritime, and space exploration industries. The company is also engaged in developing Laser Tower, which is a group of standardized laser cutting equipment that is affordable to small and mid-size companies.
Revenue Decline: Quarterly revenue fell 22% year-over-year to $800,000, though it improved 21% from last quarter.
Margin Expansion: Gross margin improved sharply by 1,140 basis points to 85.8%, mainly due to a favorable sales mix.
Losses Widened: Operating loss increased to $1.4 million and net loss reached $1.6 million, with loss per share at $0.13 compared to $0.11 last year.
CMS Acquisition: The company acquired Control Micro Systems after quarter-end, expanding into the healthcare and pharma laser markets and adding over $2 million in contracted revenue.
Strategic Sales: Key deals were closed with Acuren in NDT services, the U.S. Navy, and Brokk Australia, positioning LPC in defense and heavy industry markets.
Growth Investments: Operating expenses rose 25% due to increased investment in HR, sales, and admin staff to support anticipated growth.
