LASE - NASDAQ

Laser Photonics Corporation

LASE·NASDAQ

$3.62

+16%

IndustrialsIndustrial - Machinery

Laser Photonics Corporation provides integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding, post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50CTH and CleanTech Handheld LPC-100CTH, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200CTH, a manual handheld laser surface cleaning model; CleanTech Handheld LPC-300CTH, a water-cooled laser system; CleanTech Handheld LPC-1000CTH, a laser cleaning tool; CleanTech Handheld 2000-CTH Jobsite for industrial cleaning, rust and paint removal, and surface preparation; CleanTech Handheld NCX, a portable laser surface cleaning and conditioning system; CleanTech Robot, a robotic laser cleaning system, CleanTech Laser Blaster Cabinet, a laser cleaning machine; and CleanTech EZ- Rider, a laser cleaning tool. The company also provides laser cutting machines; laser engraving machines; laser marking machines; 3D metal printers; laser glass scribing systems; ITO removal systems; glass cutting lasers; glass wafer dicing products; laser glass marking; microscope slide and covers laser cutting systems; precision glass scribers; semiconductor laser systems; OEM laser marking and engraving parts; fiber lasers; scanning and cutting heads; mobile handheld laser HD cart; mobile rugged cases; enclosures; fume extractors; process tables; rotary indexers; water chiller machines; X-Y tables; USB controllers; and custom lasers. It serves the aerospace, automotive, defense, nuclear, shipbuilding, and space sectors. Laser Photonics Corporation was incorporated in 2019 and is based in Orlando, Florida.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$62.01M

EPS-0.1200

P/E Ratio-30.17

Earnings Date11/13/2025

Earnings Call Transcript

LASE • 2023 • Q1

Operator

[Operator Instructions] Okay. There are no phone questions. Do you have any questions?

Unknown Executive

Yes. There are some questions online. The first -- this is for Bill. Could you elaborate on the nonrecurring events that have affected results? Should we expect any more of these in Q2? And then there's a couple of follow-ups.

William Campbell

Yes. Thank you, [indiscernible], and thank you for the questions. There were 2 nonrecurring events identified that were recognized in Q1. The first one involves the continuance of our IPO costs, and that was based upon it being a stock-based payment and had to go mark-to-market at the end of the quarter. The second one had to do with the severance for our former CFO and, as referenced, that the total cost flows in Q1 approximated $1 million. And as indicated in the call and as disclosed in our 10-K, that will be partially reversed approximately $0.6 million in Q2 as we sold those transactions on April 17 and the [ mark-to-market ] resulted in a reversal of some of those expenses. There were no further nonrecurring items, and there have been none since the end of the quarter.

Unknown Executive

Great. You mentioned in a news article towards the end of last year that you expected revenue between $7 million and $10 million for 2023. Does this projection still hold?

Peter Evans

This is Peter. Yes, this projection still holds. We're very encouraged with our hiring process, both in marketing and sales, and we see us going in a very positive direction.

Unknown Executive

Great. And then, Bill, do you see yourselves being able to turn a profit this year?

William Campbell

Again, there's 3 main factors that are involved. The first one obviously being the top line, and Peter gave the indication along those lines. The second most significant variable is the gross margin percent. And as we indicated, we anticipated being between the 80% that we experienced in Q1 and the 58% that we experienced last year. The third item involves how quickly we start to ramp up some of the other expenses in anticipation of the increased revenue. After each of those items, I do expect with time, yes, our profitability will be increasing. So the target that we have would be to achieve profitability by the end of the year. But we are not formally providing any guidance or specific numbers at this time.

Unknown Executive

Great. Regarding the buybacks, did you buyback any stock this quarter? And what is your plan for the rest of the year?

Wayne Tupuola

Yes. Understood.

Unknown Executive

Okay. And this question is for Wayne or Peter. You've built yourself as a rust removal laser company, and this is a huge vertical. Why is adoption not happening more quickly? And what is preventing that from -- that growth curve from really taking off?

Unknown Executive

Great. That's all the questions we have online. So operator, you can close it up.

Transcript from May 11, 2023