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what it is
It sells industrial laser machines that replace sandblasting, grinding, and chemical cleanup.
how it gets paid
Last year Laser Photonics made $3M in revenue. Laser cleaning systems was the main engine at $1.20M, or 40% of sales.
what just happened
Revenue hit $6M, but the quarter still printed a $0.53 loss per share.
At a glance
C+ balance sheet — struggling to keep the lights on
9.5% return on capital — nothing to write home about
-$0.22 fy2024 eps est
$46M fy2021 rev est
n/a operating margin
xvary composite: 29/100 — weak
What they do
It sells industrial laser machines that replace sandblasting, grinding, and chemical cleanup.
A 94-person shop sells into aerospace, automotive, defense, energy, maritime, nuclear, and space buyers. You are swapping sand and abrasives for lasers in a $46 billion market, so the pitch is cleaner work and less regulatory mess. That is a real wedge, but it is still a tiny wedge against a century-old habit.
How they make money
$3M
annual revenue
Laser cleaning systems
$1.20M
Rust removal systems
$0.75M
Corrosion control systems
$0.45M
De-painting systems
$0.36M
Parts and service
$0.24M
The products that matter
industrial laser cleaning
CleanTech Laser Systems
$4.5M segment revenue · +317%
this is the growth story management wants you to see. a Cummins manufacturing integration helped drive a 317% spike, but you still need repeatable orders after the headline quarter.
headline growth
precision cutting and specialty systems
Defense & Aerospace Lasers
$2.64M segment revenue
this is the smaller bucket today, but it feeds the $2.5M backlog and matters because higher-value niche contracts can stabilize demand if they convert cleanly.
backlog support
Key numbers
$3M
sales last 12m
You are looking at a tiny sales base. A single order can move the full year.
n/a
operating margin
Prior margin KPI failed sanity check — verify in filings. Operating margin means profit after running costs. At -191.9%, the business loses $1.92 for every $1 of sales.
40.4%
gross margin
Gross margin means sales after direct hardware costs. At 40.4%, the product sells above cost, but overhead still wins.
$4M
long-term debt
Debt is only 12% of capital, so leverage is not the main problem. The operating losses are.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $4M (12% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for LASE right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $6M, but the quarter still printed a $0.53 loss per share.
Sales jumped 532% vs. prior year. Gross margin was 40.4%, but the bottom line stayed red.
$6M
revenue
-$0.53
eps
40.4%
gross margin
the number that mattered
The $6M quarter matters because it is 2x the $3M annual revenue base. That is growth, but not profit.
source: company earnings report, 2026
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What could go wrong
the #1 risk is nasdaq compliance failure funded by more shareholder dilution. for a $32M company with a -105.39% net margin, financing risk is not separate from operating risk. it is the operating risk.
med
Listing pressure and cheap warrants
A Nasdaq notice already hit the stock, and the company raised $1.5M through warrants at $1.08 per share. That price sits far below the current ~$2.37 quote.
If more capital comes in at similar terms, your ownership gets diluted before the turnaround has a chance to prove itself.
med
Cash burn outruns backlog
The company reported a $4.7M net loss on $7.14M of trailing revenue and carries a -105.39% net margin. That means losses are still larger than the business is productive.
A $2.5M backlog helps only if it converts at acceptable margins. Otherwise you are financing operating losses, not scaling a model.
med
Gross margin is not stable yet
Gross margin touched 53.5% in one quarter and sits at 35.22% in the latest period. That is a wide gap for a business this small.
When margins swing that much, one bad project mix can erase the benefit of a headline growth quarter.
With $7.14M of trailing revenue, a $4.7M loss, and $1.5M of recently issued warrants, the combined risk picture is simple: this business needs cleaner execution fast or the financing story keeps overwhelming the product story.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
Backlog conversion into reported revenue
The $2.5M backlog doubled from $1.0M. That sounds good. You need to see it turn into sales without dragging gross margin below 35.22%.
risk
Any new financing below the market price
The last $1.5M raise came with warrants at $1.08. If you see more paper issued at similar levels, dilution is still running the show.
calendar
Next earnings report on may 12, 2026
You want three things at once: a smaller loss than $4.7M, backlog progress above $2.5M, and a cleaner margin print than 35.22%.
trend
Whether new executives change the operating rhythm
A new principal financial officer and a new executive vp of global operations arrived in early 2026. If execution improves, these hires should show up in numbers, not just bios.
Analyst rankings
coverage depth
thin
There is no robust analyst consensus here. In human-speak, you are not getting much help from the Street.
short-term outlook
unclear
With a 1.7 beta, a 5 / 100 price-stability score, and active financing risk, near-term moves can be driven more by capital structure than fundamentals.
quality signal
weak
C+ balance sheet, -105.39% net margin, and a recent $4.7M loss do not support a quality case yet.
source: institutional data
Institutional activity
institutional ownership data for LASE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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