CORRECTED-Laser Photonics Q3 net loss widens, hurt by inventory write-down and interest costs

Overview

• CleanTech laser system developer's Q3 revenue grew 28% yr/yr

• Company reported net loss of $4.7 mln, impacted by inventory write-down and interest costs

• Company completed Beamer Laser Marking Systems acquisition, expanding market reach

Outlook

• Laser Photonics focuses on scaling vertically integrated manufacturing model

Result Drivers

• ACQUISITION IMPACT - Beamer Laser Marking Systems acquisition expanded LPC's portfolio into IR fiber and CO₂ laser marking solutions, enhancing market reach

• SECTOR DEMAND - Rising demand in marine, aerospace, semiconductor, NDT, and industrial automation applications supported revenue growth

• INVENTORY WRITE-DOWN - Gross profit was negatively impacted by a $0.5 million inventory write-down and lower margin sales

Key Details

Press Release: ID:nACS6WJvfa

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