Laser Photonics Q1 2026 Net Sales $0.9M; Defense Tech Selected by U.S. Dept. of War
Laser Photonics reported first quarter 2026 financial results, with net sales decreasing to $0.9 million from $2.3 million in the prior year quarter, resulting in a net loss of $2.9 million. Despite the revenue decline, the company highlighted significant progress in its defense sector, with its Laser Shield Anti-Drone System selected by the U.S. Department of War. They also expanded into medical device manufacturing with an order from Johnson & Johnson. The company strengthened its balance sheet by raising approximately $9.7 million in net proceeds through offerings and warrant exercises, which were used to repay debt and improve working capital. Manufacturing consolidation is expected to yield significant cost savings.
Key Highlights
- Laser Photonics reported Q1 2026 net sales of $0.9 million, down from $2.3 million in Q1 2025.
- Gross loss for Q1 2026 was $0.4 million, compared to a gross profit of $0.9 million in Q1 2025.
- Net loss for Q1 2026 was $2.9 million, or $(0.11) per share, versus a net loss of $1.7 million, or $(0.12) per share, in Q1 2025.
- The company's Laser Shield Anti-Drone System was selected by the U.S. Department of War.
- New orders included a $0.25 million custom laser-drilling system order from Johnson & Johnson.
- Laser Photonics raised approximately $6.1 million in net proceeds in Q1 2026 and an additional $3.6 million in April 2026.
- Manufacturing operations were consolidated into the Lake Mary, Florida facility, expecting nearly $1 million in annualized cost savings.
Price Impact
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