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Laser Photonics Corp
NASDAQ:LASE

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Laser Photonics Corp
NASDAQ:LASE
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Price: 2.19 USD -1.79% Market Closed
Market Cap: 49.2m USD

Laser Photonics Corp
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Nov 14, 2024
AI Summary
Q3 2024

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.

Key Financials
Revenue
$800,000
Gross Margin
85.8%
Operating Loss
$1.4 million
Net Loss
$1.6 million
Loss Per Share
$0.13
Share Count
13.3 million
Capital Raised
$2.6 million
CMS Backlog
over $2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Wayne Tupuola
President, CEO, Marketing Director & Chairman of the Board
No Bio Available
Mr. Carlos S. Sardinas
Vice President of Finance
No Bio Available
Gennady Korotkov
Vice President of Operations
No Bio Available
Kevin Ploche
Principal Accounting Officer
No Bio Available
Mr. Robert Hoffman
Outside Sales Director
No Bio Available
Mr. Arnold Bykov
Chief Design Engineer
No Bio Available
Mr. Seth Bush
Marketing Director
No Bio Available

Contacts

Address
FLORIDA
Orlando
1101 N Keller Road. Suite G
Contacts