Laser Photonics Corp Reports Increased Net Sales; Loss Per Share Decreases to $0.22 for Fiscal Year 2024

Reuters
06-24
Laser Photonics Corp Reports Increased Net Sales; Loss Per Share Decreases to $0.22 for Fiscal Year 2024

Laser Photonics Corporation has released its annual report for the fiscal year ending December 31, 2024. The company's net sales increased towards the second half of the year, primarily due to the acquisition of Control Micro Systems, Inc. $(CMS)$ and steady sales of traditional products. Despite competitive pressures, sales remained stable due to lower prices and proprietary know-how. The net loss for the year was reported at $2.52 million, a decrease from the $3.32 million net loss recorded in 2023. The company attributed the loss to increased expenses related to scaling up sales and production, as well as costs associated with public company operations and research and development for new laser blasting equipment. No significant impact from inflation was reported for the period. The company continues to focus on expanding its laser equipment offerings for material processing and anticipates a decline in expenses as a percentage of net sales as sales grow beyond fixed costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Laser Photonics Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-016194), on June 24, 2025, and is solely responsible for the information contained therein.

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