Laser Photonics Corp Stock Price, News & Analysis

Laser Photonics Corporation (NASDAQ:LASE) provided fiscal 2022 revenue guidance of $5.6 to $5.8 million, indicating 34% to 38% growth.

In Q3 2022, the company reported $1.2 million in revenue, an 11.5% increase year-over-year. Gross margin stood at 58.1%, with diluted EPS at $0.04.

The CEO highlighted strong demand for their CleanTech Laser Blaster products, emphasizing plans to expand product lines and enhance marketing efforts following their IPO.

Laser Photonics Corporation (NASDAQ:LASE) will announce its third quarter 2022 results on November 8, 2022, at 11:00 a.m. Eastern Time. This announcement follows the company's IPO on October 4, 2022. The results will be discussed during a webcast, where investors can submit questions in advance.

Laser Photonics is a leading provider of Cleantech laser systems aimed at disrupting the traditional blasting market, valued at $46 billion. Their innovative technology addresses various industrial applications while promoting safety and environmental responsibility.

Laser Photonics Corporation (NASDAQ:LASE) announced its participation in the FABTECH 2022 trade show from November 8 - 10, 2022, at the Georgia World Congress Center in Atlanta, GA. CEO Wayne Tupuola emphasized the significance of showcasing their innovative CleanTech Laser systems to potential customers. LPC will demonstrate a range of products, including high-powered lasers and the new CleanTech Laser Blaster Cabinet, which complies with EPA and OSHA standards, aiming to replace traditional sandblasting techniques.

Laser Photonics Corporation (NASDAQ:LASE) announced the sale of its first CleanTech 3000-CTH, the world's first industrial-grade 3000-watt laser cleaning system, to an Australian mining company. This multi-hundred thousand dollar transaction marks a significant milestone in LPC's venture into the mining industry. The system features advanced air optics protection for clean operation and integrated cooling systems for harsh environments. LPC aims to revolutionize industrial cleaning with cost-effective and efficient laser technologies, enhancing safety and environmental compliance.

Laser Photonics Corporation (NASDAQ:LASE) announced the delivery of the CleanTech Handheld LPC-1000CTH to the U.S. Navy Kingsbay Trident Re-fit Facility, following a previous announcement on October 11, 2022. Since then, Laser Photonics has sold eight systems totaling $750,000 to various branches of the U.S. military. The company anticipates future orders after the development of standard operating procedures. Laser Photonics aims to expand its presence in the U.S. Department of Defense, promoting the efficiency and financial benefits of its technology.

Laser Photonics Corporation (NASDAQ:LASE) has launched the MARLIN (Marine Application Rust Laser Inhibitor) product line targeting a $500 million corrosion control market in the U.S. marine vessel sector. The MARLIN product will feature a 100W CleanTech Laser Blaster, designed for effective rust management in small marine vessels. Wayne Tupuola, CEO, anticipates significant growth in the marine market, projected to reach nearly $10 billion by 2028. The first MARLIN product is expected to be available by year-end, focusing on portable laser cleaning solutions to combat corrosion from saltwater.

Laser Photonics Corporation (LASE) announced the successful implementation of its first CleanTech Laser Cleaning Robot system at Detroit Diesel's manufacturing facilities. This system enhances efficiency by reducing preparation time and increasing throughput, which leads to higher manufacturing yields and extended filter life. The robot's advanced technology allows for cost-effective laser cleaning, optimizing surface quality and safety. The development represents a milestone in industrial automation, showcasing LPC’s innovative solutions in the laser cleaning market.

Laser Photonics Corporation (LASE) announced an aggressive hiring campaign following a significant increase in sales leads. The company aims to strengthen its salesforce, bringing in senior leadership to enhance sales operations and customer service. Moreover, investments will be made in marketing, operations, and engineering to further growth. Laser Photonics focuses on disrupting the traditional sand and abrasives blasting markets with innovative laser cleaning solutions, addressing environmental and safety concerns. This strategic move positions LPC to better capitalize on its growth potential.

Laser Photonics Corporation (NASDAQ:LASE) has announced that Coca-Cola has implemented its first CleanTech Handheld Laser Blasting system in its manufacturing facilities. This system enhances efficiency by reducing preparation time and increasing throughput speeds while also extending the lifespan of plastic bottle molds by removing corrosion. The LPC-50CTH is a compact, air-cooled laser system designed for various cleaning and surface treatment applications. This milestone could open doors for further opportunities within Coca-Cola’s operations and similar sectors.