earnings
confidence high
sentiment neutral
materiality 0.75
Laser Photonics Q1 revenue $0.9M (-61% YoY); net loss $2.9M; selected by U.S. Dept of War
Laser Photonics Corp
- Net sales $0.9M vs $2.3M YoY; gross loss $0.4M vs profit $0.9M; net loss $2.9M ($0.11/share).
- Laser Shield Anti-Drone System selected by U.S. Dept of War as top submission in Counter-C5ISR-T category.
- Raised ~$6.1M in Q1 and $3.6M more in April from warrant exercises; repaid all past-due notes.
- Entered medical device manufacturing with $0.25M order from Johnson & Johnson; new orders from power utility and CMS.
- Manufacturing consolidation completed; expects ~$1M annualized cost savings; contract liabilities + deferred revenue $4.2M.