Laser Photonics Corporation
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red here is not a judgment on the share price but the consequence of three documented findings about substance: the auditor's going-concern paragraph for fiscal 2025, stockholders' equity of negative $1,700,323 as of March 31, 2026, and the cash runway the company itself dated as lasting "until August 2026" while cash keeps draining. That the product works and that no customer accounts for more than 6 percent of sales speaks for the business — but it does not change the fact that continuity currently depends on the next financing, and that each financing shrinks the existing shareholders' slice further. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Laser Photonics is a case where the product and the balance sheet point in opposite directions. The machines work, the market is real, revenue rose to $8,342,008 in 2025 — but the audit report carries a going-concern paragraph, stockholders' equity was negative $1,700,323 as of March 31, 2026, and management itself dated the cash runway in April 2026 as lasting "until August 2026". The funding comes from an endless stream of new shares: from 22,845,345 (December 31, 2025) to roughly 50.2 million (July 16, 2026), with 17,511,441 warrants still outstanding. Shareholders here carry the operating risk and pay for it with their own stake at the same time. Not investment advice.
Product and market
The business is real and the market makes sense: laser cleaning replaces abrasive blasting and chemicals, avoids blast media and hazardous waste, and cuts the dust workers breathe. As of December 31, 2025 the company had 94 full-time employees, less than 18 percent of U.S. revenue in 2025 came from the U.S. Government, and the customer base is remarkably broad — the largest single customer accounted for only 6 percent of net sales in 2025 (2024: 8 percent).
Going concern and liquidity
The audit report for fiscal 2025 carries a going-concern explanatory paragraph, and on April 20, 2026 management wrote that cash of $1.4 million would last "until August 2026". As of March 31, 2026 the company held $1,627,600 in cash, stockholders' equity was negative $1,700,323 and the working capital deficit stood at $3,984,822. Operations consumed $6,390,628 of cash in 2025 and $1,842,774 in the first quarter of 2026.
Dilution
Shares outstanding rose from 22,845,345 (December 31, 2025) to 47,647,622 (June 23, 2026) and roughly 50.2 million after July 16, 2026 — more than a doubling in seven months. Between June 1 and June 11, 2026 alone, 5,338,860 shares came from cashless warrant exercises that produced no proceeds. As of March 31, 2026 a further 17,511,441 warrants were outstanding against 100,000,000 authorized shares.
Related party transactions
On August 5, 2025 the company paid 3,000,000 of its own shares worth $8,434,322 to sister company FQTI for assets that had cost $255,824 inside the same control group four months earlier; the annual report records a deemed dividend of $8,835,228. Add $3,552,696 (2025) and $5,780,578 (2024) of distributions to affiliated Fonon Corporation, plus 3,000,000 shares issued for licenses in May 2024.
Reporting and leadership
Three audit firms in seven months (M&K CPAS, Weinberg & Company, and Rosenfield & Company since July 20, 2026), two Nasdaq deficiency notices for late filings in 2026 — both closed on April 21 and June 12, 2026 — a finance chief whose engagement was terminated after seven weeks (with a $50,000 payment), and a chief executive on a three-month medical leave of absence since June 16, 2026.
Valuation
No earnings or book value multiple exists (loss, negative equity). That leaves revenue: roughly 50.2 million shares at the last price documented in a filing, $1.35 on July 9, 2026, works out to about $67.7 million — eight times 2025 revenue, and roughly 18 times if you annualize the first quarter of 2026. There is no analyst consensus for this stock.
Worth Noting
Laser Photonics did not reach our research list through a scanner hit — as of July 29, 2026 the stock appears on no list of our in-house stock scanner, and those lists are recomputed daily. The hook was the filing stream at the U.S. securities regulator, the SEC: 16 current reports on Form 8-K between January 6 and July 24, 2026, including two changes of auditor and three notices about the Nasdaq listing.
Recency gate: the latest periodic report is the quarterly report on Form 10-Q as of March 31, 2026 (filed June 11, 2026); every filing after it was reviewed individually, exhibits included. Important for context: both Nasdaq deficiency notices of 2026 concerned late periodic filings under Listing Rule 5250(c)(1) only, and both are documented as closed (April 21 and June 12, 2026). No Nasdaq deadline is currently running, and no minimum bid price deficiency (Listing Rule 5550(a)(2), the one-dollar threshold) appears in any filing.
The market capitalization from fundamental data ($52.2 million, data as of July 28, 2026) deviates by about 23 percent from the cross-check "share count × last price documented in a filing" (50,176,194 × $1.35 on July 9, 2026 ≈ $67.7 million). Under our house rule it is therefore not used. The gap does not come from the share count — the fundamental data carry exactly the same 50,176,194 shares — but from the reference date of the price: the filing anchor is a good three weeks older, so it is the documented figure rather than the lower one. All valuation statements rest on it and are deliberately phrased as orders of magnitude.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at LASE since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.6012 $ to 4.80 $ · Last price: 0.8875 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Specialty Industrial Machinery
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Laser Photonics Corporation LASE | 0.0 | – | 28.8 | -16.8 | -303.2 | 132.0 | -68.3 |
| GE Vernova LLC GEV | 270.8 | 26.0 | 81.5 | 20.6 | 5.5 | 8.9 | 50.8 |
| Eaton Corporation PLC ETN | 171.0 | 38.7 | 28.8 | 36.0 | 16.1 | 10.3 | 13.9 |
| Parker-Hannifin Corporation PH | 118.5 | 34.3 | 21.7 | 37.6 | 21.5 | -0.4 | 26.3 |
| Emerson Electric Company EMR | 86.6 | 33.8 | 18.4 | 53.2 | 24.2 | 3.0 | 14.3 |
| Illinois Tool Works Inc ITW | 78.5 | 25.1 | 17.7 | 44.2 | 25.7 | 0.9 | 4.5 |
| Cummins Inc CMI | 75.0 | 25.8 | 15.3 | 25.8 | 9.8 | -1.3 | 29.1 |
| Ametek Inc AME | 53.7 | 35.1 | 22.7 | 36.9 | 26.3 | 6.6 | 26.6 |
| Rockwell Automation Inc ROK | 47.8 | 42.5 | 28.0 | 49.1 | 20.7 | 1.0 | 22.9 |
| Median of companies shown | 78.5 | 34.1 | 22.7 | 36.9 | 20.7 | 3.0 | 22.9 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 1 | 0 | 0 | 0.00 | -1 | 0 | 1 |
| 2020 | 2 | 0 | 0 | 0.00 | -1 | 5 | 7 |
| 2021 | 4 | 1 | 1 | 0.12 | 1 | 6 | 7 |
| 2022 | 4 | -2 | -2 | -0.37 | -1 | 17 | 19 |
| 2023 | 4 | -3 | -3 | -0.37 | -5 | 14 | 15 |
| 2024 | 3 | -6 | -3 | -0.20 | -9 | 10 | 17 |
| 2025 | 8 | -9 | -17 | -1.02 | -6 | -5 | 9 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | -0.20 | -5,814.30 | 1 | -35.60 | -339.00 | -3 | -3 |
| 2024: Q3 | -0.13 | 0.00 | 1 | -42.20 | -226.80 | -3 | -3 |
| 2024: Q4 | -0.13 | – | 1 | 169.20 | 44.00 | -3 | -3 |
| 2025: Q1 | -0.12 | -100.00 | 1 | 79.30 | 44.00 | -3 | -3 |
| 2025: Q2 | -0.12 | 40.00 | 3 | 316.90 | -68.30 | -1 | -1 |
| 2025: Q3 | -0.21 | -61.50 | 1 | 28.30 | -506.40 | 1 | 1 |
| 2025: Q4 | -0.45 | -249.20 | 3 | 90.20 | -368.90 | -5 | -5 |
| 2026: Q1 | -0.16 | -35.80 | 1 | -31.30 | -321.80 | -2 | -2 |
| 2026: Q2 | -0.08 | 33.30 | 2 | -30.80 | -183.30 | -3 | -3 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 6 of our scanner strategies — each hit links to the scanner.
Momentum & Trend
Research
Risk & Weakness
- Bankruptcy Study: Stacked Warning Signals
- Going Concern (Distress Proxy)
- Insolvency Radar: Cash Running Low
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
No price target is available for this stock.
Distribution of Recommendations
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Der Geschäftsbericht 10-K für 2025 beschreibt in Item 1 (Business) KI als verkauftes Produktmerkmal: Die CleanTech-Produktlinie reicht bis zu KI-gesteuerten, vom Anwender programmierbaren C-Robotics-Systemen, und die CleanTech-Roboterzelle integriert eine eigene „User-Programmable AI“ (UPAI); das Unternehmen bezeichnet seinen Laser-Reinigungsroboter als erstes kommerziell verfügbares KI-fähiges System dieser Art in den USA. Einen gesonderten KI-Umsatzausweis gibt es nicht — Laser Photonics berichtet in einem einzigen Segment.
View the full file — quotes, sources, reviewed filings
„Our CleanTech™ line scales with customer needs, starting with low price-point handheld Laser Blasters™ designed to tackle simple cleaning and surface predation jobs, to high-end AI-controlled, user-programmable C-Robotics™ made for complex, precision production environments."
Unsere CleanTech™-Linie skaliert mit den Kundenbedürfnissen, beginnend bei preisgünstigen handgeführten Laser Blasters™ für einfache Reinigungs- und Oberflächenaufgaben bis hin zu hochwertigen, KI-gesteuerten, vom Anwender programmierbaren C-Robotics™ für komplexe Präzisionsfertigungsumgebungen.
10-K · 2026-04-20 · View SEC filing
„The CleanTech™ Robotic Cell integrates our advanced User-Programmable AI (UPAI), enabling factory line workers to easily program precision robotic operations—no coding or robotics expertise required."
Die CleanTech™-Roboterzelle integriert unsere fortschrittliche vom Anwender programmierbare KI (User-Programmable AI, UPAI) und ermöglicht es Fertigungsmitarbeitern, präzise Roboterabläufe einfach zu programmieren — ohne Programmier- oder Robotikkenntnisse.
10-K · 2026-04-20 · View SEC filing
„The CleanTech™ Laser Cleaning Robot is the first commercially available, collaborative, and AI-capable laser cleaning system in the United States."
Der CleanTech™-Laser-Reinigungsroboter ist das erste kommerziell verfügbare, kollaborative und KI-fähige Laser-Reinigungssystem in den Vereinigten Staaten.
10-K · 2026-04-20 · View SEC filing
Filings Reviewed: 10-K 2026-04-20 · 10-Q 2026-06-11 · 424B3 2026-07-16 · 8-K 2026-07-24 · 8-K 2026-07-20 · 8-K 2026-06-12
Rated on July 29, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 26.6%
- More than 10% revenue growth is expected for the coming year no data
- Share count grows by less than 3% a year 44.4%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 51.0%
- Gross margin at 40% or higher and without meaningful erosion 15.2%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 2 m
- Return on capital at 15% or higher, or up versus two years ago no data
- Insiders hold at least 10% or are net buyers 16.2%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
1/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 48.5%
- Exp. sales growth 3Y > 5% –
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% –
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 2
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% –
- Expected return > 10% –
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
Laser Photonics Corporation operates as a vertically integrated manufacturing company for photonics-based industrial products and solutions, comprising laser cleaning technologies and applications for the pharmaceutical industry. The company provides a portfolio of laser blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning and surface conditioning. It offers laser cleaning systems, such as finishing lasers, conditioning lasers, roughening lasers, custom-built industrial laser systems, and continuous and pulsed wave laser cleaning machines; laser cutting systems, including fiber and CO2 laser cutting; and laser welding system comprising handheld laser welder, robot-operated laser welder, enclosed robotic workcell, and custom-built industrial laser systems. The company also provides laser marking systems, which include handheld systems for marking on-the-go and industrial laser systems; and laser engraving solutions. Its products are used in aviation, automotive, nuclear, maritime, defense, space, semiconductors, energy, and battery manufacturing industries. Laser Photonics Corporation was incorporated in 2019 and is headquartered in Lake Mary, Florida.
- Employees
- 94
- Headquarters
- Lake Mary, FL
- Address
- 250 Technology Park, 32746 Lake Mary, United States
- Phone
- 407 804 1000
- Website
- laserphotonics.com
- IPO Date
- 09/30/2022
- ISIN
- US51807Q1004
Management
| Name | Title | Birth Year |
|---|---|---|
| Ralph Venegas | Principal Financial Officer & Acting CFO | 1972 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/15/2026 Laser Photonics Corp (LASE): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 09/08/2026 Laser Photonics Corp (LASE): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/26/2026 Laser Photonics Corp (LASE): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 07/24/2026 Laser Photonics Corp (LASE): Changes in Registrant's Certifying Accountant; Financial Statements and Exhibits SEC ↗
- 07/20/2026 Laser Photonics Corp (LASE): Entry into a Material Definitive Agreement; Unregistered Sales of Equity Securities; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.