Quarterly ResultJun 11, 2026, 05:21 PM
Laser Photonics Corp Q1 Net Loss Widens to $2.95M on Lower Sales
AI Summary
Laser Photonics Corp filed its Q1 2026 10-Q report, revealing a significant decline in net sales and a widening operating loss. Net sales dropped to $915,553 from $2,290,282 year-over-year, resulting in a gross loss of $388,451 compared to a gross profit of $900,491 in the prior year. The company's net loss for the quarter was $2,946,284, an increase from $1,680,723 in Q1 2025. Despite the operational challenges, total assets grew, and total liabilities and stockholders' deficit decreased.
Key Highlights
- Laser Photonics Corp reported a net loss of $2,946,284 for Q1 2026, compared to a net loss of $1,680,723 in Q1 2025.
- Net sales decreased to $915,553 in Q1 2026 from $2,290,282 in Q1 2025.
- Gross profit turned into a loss of $388,451 in Q1 2026 from a profit of $900,491 in Q1 2025.
- Operating loss widened to $2,775,819 in Q1 2026 from $1,572,525 in Q1 2025.
- Total assets increased to $10,905,197 as of March 31, 2026, from $9,449,602 as of December 31, 2025.
- Total liabilities decreased to $12,605,520 as of March 31, 2026, from $14,486,188 as of December 31, 2025.
- Total stockholders' deficit improved to ($1,700,323) as of March 31, 2026, from ($5,036,586) as of December 31, 2025.
Price Impact
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