A Business at a Glance
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ITEM 1. BUSINESS We were formed under the law of Wyoming on November 8, 2019. We changed our domicile to Delaware on March 5, 2021. We are a vertically integrated manufacturing company for photonics-based industrial products and solutions and, since recently acquiring the assets of Control Micro Systems, Inc., have now expanded the market for our laser products into the large, growing pharmaceutical manufacturing vertical, in what we believe is a recession-resistant sector with significant barriers to entry. We are pioneering a new generation of laser blasting technologies focused on disrupting the sandblasting and abrasives blasting markets. We offer a full portfolio of integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning and surface conditioning. Our solutions span use cases throughout product lifecycles, from product fabrication to maintenance and repair, as well as aftermarket operations.
| Metric | TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 3.9M | 3.9M | 3.9M | 4.2M | 2.2M | 0 |
| Net Income | -3.8M | -3.8M | -2.1M | 584K | 11K | -16K |
| EPS | $-0.41 | $-0.41 | $-0.23 | $0.12 | $0.00 | $0.00 |
| Free Cash Flow | -5.5M | -5.5M | -753K | 1.4M | -1.5M | -506K |
| ROIC | -22.2% | -27.9% | -12.2% | 12.4% | 1.1% | - |
| Gross Margin | 62.2% | 62.2% | 50.0% | 50.9% | 55.9% | - |
| Debt/Equity | 0.00 | 0.12 | 0.08 | 0.23 | 0.19 | - |
| Dividends/Share | $0.00 | - | - | $0.06 | - | - |
| Operating Income | -3.8M | -3.8M | -2.1M | 611K | 54K | - |
| Operating Margin | -96.4% | -96.4% | -53.1% | 14.6% | 2.5% | - |
| ROE | -27.9% | -23.5% | -12.2% | 10.5% | 0.2% | - |
| Shares Outstanding | 9M | 9M | 9M | 5M | 5M | 29M |
| Metric | 2019 | 2020 | 2021 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 0 | 2.2M | 4.2M | 3.9M | 3.9M | 3.9M |
| Gross Margin | N/A | 55.9% | 50.9% | 50.0% | 62.2% | 62.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | N/A | 54K | 611K | -2.1M | -3.8M | -3.8M |
| Op. Margin | N/A | 2.5% | 14.6% | -53.1% | -96.4% | -96.4% |
| Net Income | -16K | 11K | 584K | -2.1M | -3.8M | -3.8M |
| Net Margin | N/A | 0.5% | 13.9% | -53.8% | -95.6% | -95.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | N/A | 1.1% | 12.4% | -12.2% | -27.9% | -22.2% |
| ROE | N/A | 0.2% | 10.5% | -12.2% | -23.5% | -27.9% |
| ROA | -3.2% | 0.1% | 8.5% | -11.3% | -22.3% | -24.8% |
| Cash Flow | ||||||
| Op. Cash Flow | -506K | -1.5M | 1.4M | -63K | -5.5M | -5.5M |
| Free Cash Flow | -506K | -1.5M | 1.4M | -753K | -5.5M | -5.5M |
| Owner Earnings | -506K | -1.6M | 979K | -63K | -6.8M | -6.8M |
| CapEx | 0 | 0 | 3K | 689K | 77K | 77K |
| Maint. CapEx | 0 | 26K | 396K | 0 | 1.2M | 1.2M |
| Growth CapEx | N/A | N/A | 0 | N/A | 0 | 0 |
| D&A | 0 | 26K | 396K | 0 | 1.2M | 1.2M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 310K | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 1.2M | 1.2M |
| Buyback Yield | N/A | N/A | N/A | N/A | 10.3% | 12.4% |
| Stock-Based Comp | N/A | N/A | N/A | 0 | 146K | 146K |
| Debt Repayment | 0 | 0 | 119K | 317K | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | 0 | N/A | N/A | N/A | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | 0 | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | 0.19 | 0.23 | 0.08 | 0.12 | 0.00 |
| Interest Coverage | N/A | 1.2 | 12.4 | -84.7 | N/A | N/A |
| Equity | N/A | 5.3M | 5.6M | 17M | 13M | 13M |
| Total Assets | 495K | 7.5M | 6.9M | 19M | 15M | 15M |
| Total Liabilities | N/A | 1.0M | 1.3M | 1.5M | 1.7M | 1.7M |
| Intangibles | 0 | 6.4M | N/A | N/A | N/A | N/A |
| Retained Earnings | 0 | -5K | 269K | -1.9M | -5.7M | -5.7M |
| Working Capital | 490K | N/A | 2.1M | 13M | 7.8M | 7.8M |
| Current Assets | 495K | N/A | 2.5M | 14M | 9.3M | 9.3M |
| Current Liabilities | 5K | 1.0M | 392K | 964K | 1.5M | 1.5M |
| Per Share Data | ||||||
| EPS | 0.00 | 0.00 | 0.12 | -0.23 | -0.41 | -0.41 |
| Owner EPS | -0.02 | -0.32 | 0.20 | -0.01 | -0.74 | -0.74 |
| Book Value | N/A | 1.08 | 1.14 | 1.85 | 1.45 | 1.45 |
| Cash Flow/Share | -0.02 | -0.31 | 0.28 | -0.01 | -0.59 | -0.28 |
| Dividends/Share | N/A | N/A | 0.06 | N/A | N/A | 0.00 |
| Shares Out. | 29.3M | 4.9M | 4.9M | 9.3M | 9.3M | 9.3M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -2.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | 1.0 | 0.9 | 0.7 |
| Price/Sales | N/A | N/A | N/A | 6.1 | 6.5 | 2.5 |
| FCF Yield | N/A | N/A | N/A | -4.3% | -47.1% | -57.0% |
| Market Cap | N/A | N/A | N/A | 18M | 12M | 9.7M |
| Avg. Price | N/A | N/A | N/A | 2.56 | 2.77 | 1.05 |
| Year-End Price | N/A | N/A | N/A | 1.90 | 1.27 | 1.05 |
Laser Photonics Corp passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 54.7%. Total shareholder yield (buybacks) is 12.4%.
Laser Photonics Corp (LASE) has a 5-year average return on invested capital (ROIC) of -6.7%. This is below average and may indicate limited pricing power.
Laser Photonics Corp (LASE) has a market capitalization of $10M. It is classified as a small-cap stock.
Laser Photonics Corp (LASE) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 12.43%.
Laser Photonics Corp (LASE) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
Laser Photonics Corp (LASE) reported annual revenue of $4 million in its most recent fiscal year, based on SEC EDGAR filings.
Laser Photonics Corp (LASE) has a net profit margin of -95.6%. The company is currently unprofitable.
Laser Photonics Corp (LASE) generated $-6 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Laser Photonics Corp (LASE) has a debt-to-equity ratio of 0.12. This indicates a conservatively financed balance sheet.
Laser Photonics Corp (LASE) reported earnings per share (EPS) of $-0.41 in its most recent fiscal year.
Laser Photonics Corp (LASE) has a return on equity (ROE) of -23.5%. A negative ROE may indicate losses or negative equity.
Laser Photonics Corp (LASE) has a 5-year average gross margin of 54.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for Laser Photonics Corp (LASE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Laser Photonics Corp (LASE) has a book value per share of $1.45, based on its most recent annual SEC filing.