{"success":true,"data":{"pressRelease":{"id":"61917","rtpr_id":"nACSf1Jd3a","ticker":"LASE","exchange":"NASDAQ","all_tickers":["LASE"],"title":"Laser Photonics Reports First Quarter 2026 Financial Results","author":"ACCESSWIRE","published_at":"2026-06-11T21:15:47.439Z","article_body":"Laser Shield Anti-Drone System Selected by U.S. Department of War; Company\nFortifies Balance Sheet and Simplifies Capital Structure Through Strategic\nWarrant Inducements\n\nORLANDO, FL / ACCESS Newswire (https://www.accessnewswire.com/) / June 11,\n2026 / Laser Photonics Corporation (NASDAQ:LASE) (\"Laser Photonics\" or the\n\"Company\"), a global leader in laser systems for industrial and defense\napplications, today reported financial results for the first quarter ended\nMarch 31, 2026.\n\nKey First Quarter Fiscal 2026 and Subsequent Operational Highlights:\n\nDefense breakthrough with the U.S. Department of War. The Company's Laser\nShield Anti-Drone System (LSAD), developed with affiliate Fonon Technologies,\nadvanced from prototype to formal government recognition, selected by the U.S.\nDepartment of War under the MEIA \"Vulcan\" Call for Solutions as a top\nsubmission in the Counter-C5ISR-T category and invited to a technical exchange\nwith government engineers. LSAD was also showcased at Special Operations\nForces (SOF) Week 2026 and the Capitol Hill Defense Outlook Summit, generating\nstrong engagement across multiple Program Executive Offices.\n\nLaunched a new DefenseTech product line. Together with Fonon Technologies, the\nCompany introduced a family of DefenseTech laser systems for military\nmaintenance, repair and overhaul (MRO) and logistics - including the Missile\nLaser Rust Inhibitor (MLRI), portable Marlin laser cleaners, the Blaster\nCabinet 4020, and a compact marking laser - and demonstrated successful\nvalidation of its DefenseTech laser cleaning systems in a defense MRO\nenvironment.\n\nExpanded commercial momentum and entered medical device manufacturing. New\norders spanned pharmaceutical, medical device, energy, and industrial markets,\nincluding a $0.25 million custom laser-drilling system order from Johnson &\nJohnson marking the Company's entry into medical device manufacturing, a $0.5\nmillion order from a U.S. power utility, a $0.5 million CMS laser system for a\nmedical device manufacturer, an OEM-customized marking system for a European\nindustrial project, and a repeat CleanTech® deployment with Cummins.\n\nStrengthened the balance sheet and regained Nasdaq compliance. The Company\ngenerated approximately $6.1 million in net proceeds during the quarter from\nits February 2026 public offering and subsequent warrant exercises and\ninducements - plus approximately $3.6 million more subsequent to quarter close\nin April 2026 - and used the proceeds to repay all past-due notes payable.\n\nCompleted manufacturing consolidation. Consolidated all manufacturing\noperations into the Company's state-of-the-art Lake Mary, Florida facility, a\nmove expected to generate nearly $1 million in annualized cost savings and\nsimplify the Company's cost structure heading into 2026.\n\nManagement Commentary\n\nWayne Tupuola, Chief Executive Officer of Laser Photonics, commented: \"The\nfirst quarter was a period of decisive strategic and financial progress, even\nas the timing of equipment deliveries weighed on near-term revenue. We\nmeaningfully strengthened our balance sheet, raising approximately $6.1\nmillion in net proceeds during the quarter and roughly $3.6 million more in\nApril, which allowed us to repay all of our past-due debt and strengthen our\nworking capital position. With a simpler capital structure and our\nmanufacturing now consolidated into our state-of-the-art facility in Lake\nMary, we are a leaner and more focused organization than we were a year ago.\n\n\"Our most exciting progress is in defense. Our Laser Shield Anti-Drone System,\ndeveloped with Fonon Technologies, was selected by the U.S. Department of War\nunder the MEIA Vulcan Call for Solutions as a top submission in the\nCounter-C5ISR-T category, earning an invitation to a technical exchange with\ngovernment engineers. Combined with the launch of our new DefenseTech product\nline for military maintenance and logistics and strong engagement at SOF Week\n2026, we believe defense represents a significant and durable growth vector\nfor the Company.\n\n\"While first quarter revenue reflected the timing of customer projects and\nequipment deliveries, our order book continued to build, with contract\nliabilities and deferred revenue rising to approximately $4.2 million combined\nat quarter-end. We also expanded into medical device manufacturing with an\ninitial order from Johnson & Johnson and added key leadership, including our\nnew Chief Financial Officer, Roman Franklin. We enter the balance of 2026 with\na stronger foundation, a growing defense pipeline, and clear priorities to\nconvert our backlog into higher-margin revenue,\" concluded Tupuola.\n\nFirst Quarter 2026 Financial Results\n\nTotal net sales for the first quarter of 2026 were $0.9 million, as compared\nto $2.3 million in the same year-ago quarter. The decrease was primarily\nattributable to lower equipment deliveries during the period and the timing of\ncustomer purchasing decisions, project execution schedules, and revenue\nrecognition milestones.\n\nGross loss for the first quarter of 2026 was $0.4 million, as compared to\ngross profit of $0.9 million in the same year-ago quarter. The decline\nprimarily reflected the lower sales volume relative to the Company's\nmanufacturing cost base, including production costs that were under-absorbed\nat reduced revenue levels.\n\nTotal operating expenses for the first quarter of 2026 were $2.4 million,\nessentially flat as compared to $2.5 million in the same year-ago quarter,\nreflecting continued cost discipline.\n\nNet loss for the first quarter of 2026 totaled $2.9 million, or $(0.11) per\nbasic and diluted share, compared to a net loss of $1.7 million, or $(0.12)\nper share, in the same year-ago quarter.\n\nThe Company ended the quarter with $1.6 million in cash, up from $0.7 million\nat December 31, 2025. During the quarter, the Company repaid all past-due\nnotes payable, including related-party borrowings, and strengthened its\nworking capital position. In April 2026, the Company raised an additional $3.6\nmillion in net proceeds through further warrant inducements.\n\nAbout Laser Photonics Corporation\n\nLaser Photonics Corporation (NASDAQ:LASE) is a global leader in laser systems\nfor industrial and defense applications. The Company develops and manufactures\nadvanced laser technologies used in cleaning, surface preparation, and\nprecision material processing across demanding operating environments. Laser\nPhotonics serves a broad range of end markets, including defense and\ngovernment, aerospace, energy, maritime, automotive, and advanced\nmanufacturing. Through a combination of internal development, strategic\nacquisitions, and partnerships, the Company continues to expand its product\nportfolio and address new applications where performance, efficiency, and\nenvironmental considerations are critical. For more information, please visit\nlaserphotonics.com (https://pr.report/mioe).\n\nCautionary Note Concerning Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. These statements are based on current expectations\nas of the date of this press release and involve risks and uncertainties that\nmay cause results to differ materially from those indicated by these\nforward-looking statements. These forward-looking statements include, among\nother things, statements regarding our preliminary internal financial\ninformation, which is unaudited, subject to completion of our financial\nclosing and audit procedures and may differ materially from our actual\nresults. These risks and uncertainties include, but are not limited to, the\nimpacts of federal government funding disruptions and shutdowns on our\ncontracts, operations, capital-raising activities, and strategic initiatives.\nWe encourage readers to review the \"Risk Factors\" in our Registration\nStatement and other filings with the Securities and Exchange Commission for a\ncomprehensive understanding. Laser Photonics Corp. undertakes no obligation to\nrevise or update any forward-looking statements, except as required by\napplicable laws or regulations, to reflect events or circumstances after the\ndate of this press release.\n\nInvestor Relations Contact:\n\nLucas A. Zimmerman & Ian Scargill\nMZ Group - MZ North America\n(262) 357-2918\nLASE@mzgroup.us\nwww.mzgroup.us\n\nSOURCE: Laser Photonics Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/laser-photonics-reports-first-quarter-2026-financial-results-1176351)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSf1Jd3a","title":"Laser Photonics Reports First Quarter 2026 Financial Results","author":"ACCESSWIRE","ticker":"LASE","created":"2026-06-11T21:15:47.439Z","tickers":["LASE"],"exchange":"NASDAQ","article_body":"Laser Shield Anti-Drone System Selected by U.S. Department of War; Company\nFortifies Balance Sheet and Simplifies Capital Structure Through Strategic\nWarrant Inducements\n\nORLANDO, FL / ACCESS Newswire (https://www.accessnewswire.com/) / June 11,\n2026 / Laser Photonics Corporation (NASDAQ:LASE) (\"Laser Photonics\" or the\n\"Company\"), a global leader in laser systems for industrial and defense\napplications, today reported financial results for the first quarter ended\nMarch 31, 2026.\n\nKey First Quarter Fiscal 2026 and Subsequent Operational Highlights:\n\nDefense breakthrough with the U.S. Department of War. The Company's Laser\nShield Anti-Drone System (LSAD), developed with affiliate Fonon Technologies,\nadvanced from prototype to formal government recognition, selected by the U.S.\nDepartment of War under the MEIA \"Vulcan\" Call for Solutions as a top\nsubmission in the Counter-C5ISR-T category and invited to a technical exchange\nwith government engineers. LSAD was also showcased at Special Operations\nForces (SOF) Week 2026 and the Capitol Hill Defense Outlook Summit, generating\nstrong engagement across multiple Program Executive Offices.\n\nLaunched a new DefenseTech product line. Together with Fonon Technologies, the\nCompany introduced a family of DefenseTech laser systems for military\nmaintenance, repair and overhaul (MRO) and logistics - including the Missile\nLaser Rust Inhibitor (MLRI), portable Marlin laser cleaners, the Blaster\nCabinet 4020, and a compact marking laser - and demonstrated successful\nvalidation of its DefenseTech laser cleaning systems in a defense MRO\nenvironment.\n\nExpanded commercial momentum and entered medical device manufacturing. New\norders spanned pharmaceutical, medical device, energy, and industrial markets,\nincluding a $0.25 million custom laser-drilling system order from Johnson &\nJohnson marking the Company's entry into medical device manufacturing, a $0.5\nmillion order from a U.S. power utility, a $0.5 million CMS laser system for a\nmedical device manufacturer, an OEM-customized marking system for a European\nindustrial project, and a repeat CleanTech® deployment with Cummins.\n\nStrengthened the balance sheet and regained Nasdaq compliance. The Company\ngenerated approximately $6.1 million in net proceeds during the quarter from\nits February 2026 public offering and subsequent warrant exercises and\ninducements - plus approximately $3.6 million more subsequent to quarter close\nin April 2026 - and used the proceeds to repay all past-due notes payable.\n\nCompleted manufacturing consolidation. Consolidated all manufacturing\noperations into the Company's state-of-the-art Lake Mary, Florida facility, a\nmove expected to generate nearly $1 million in annualized cost savings and\nsimplify the Company's cost structure heading into 2026.\n\nManagement Commentary\n\nWayne Tupuola, Chief Executive Officer of Laser Photonics, commented: \"The\nfirst quarter was a period of decisive strategic and financial progress, even\nas the timing of equipment deliveries weighed on near-term revenue. We\nmeaningfully strengthened our balance sheet, raising approximately $6.1\nmillion in net proceeds during the quarter and roughly $3.6 million more in\nApril, which allowed us to repay all of our past-due debt and strengthen our\nworking capital position. With a simpler capital structure and our\nmanufacturing now consolidated into our state-of-the-art facility in Lake\nMary, we are a leaner and more focused organization than we were a year ago.\n\n\"Our most exciting progress is in defense. Our Laser Shield Anti-Drone System,\ndeveloped with Fonon Technologies, was selected by the U.S. Department of War\nunder the MEIA Vulcan Call for Solutions as a top submission in the\nCounter-C5ISR-T category, earning an invitation to a technical exchange with\ngovernment engineers. Combined with the launch of our new DefenseTech product\nline for military maintenance and logistics and strong engagement at SOF Week\n2026, we believe defense represents a significant and durable growth vector\nfor the Company.\n\n\"While first quarter revenue reflected the timing of customer projects and\nequipment deliveries, our order book continued to build, with contract\nliabilities and deferred revenue rising to approximately $4.2 million combined\nat quarter-end. We also expanded into medical device manufacturing with an\ninitial order from Johnson & Johnson and added key leadership, including our\nnew Chief Financial Officer, Roman Franklin. We enter the balance of 2026 with\na stronger foundation, a growing defense pipeline, and clear priorities to\nconvert our backlog into higher-margin revenue,\" concluded Tupuola.\n\nFirst Quarter 2026 Financial Results\n\nTotal net sales for the first quarter of 2026 were $0.9 million, as compared\nto $2.3 million in the same year-ago quarter. The decrease was primarily\nattributable to lower equipment deliveries during the period and the timing of\ncustomer purchasing decisions, project execution schedules, and revenue\nrecognition milestones.\n\nGross loss for the first quarter of 2026 was $0.4 million, as compared to\ngross profit of $0.9 million in the same year-ago quarter. The decline\nprimarily reflected the lower sales volume relative to the Company's\nmanufacturing cost base, including production costs that were under-absorbed\nat reduced revenue levels.\n\nTotal operating expenses for the first quarter of 2026 were $2.4 million,\nessentially flat as compared to $2.5 million in the same year-ago quarter,\nreflecting continued cost discipline.\n\nNet loss for the first quarter of 2026 totaled $2.9 million, or $(0.11) per\nbasic and diluted share, compared to a net loss of $1.7 million, or $(0.12)\nper share, in the same year-ago quarter.\n\nThe Company ended the quarter with $1.6 million in cash, up from $0.7 million\nat December 31, 2025. During the quarter, the Company repaid all past-due\nnotes payable, including related-party borrowings, and strengthened its\nworking capital position. In April 2026, the Company raised an additional $3.6\nmillion in net proceeds through further warrant inducements.\n\nAbout Laser Photonics Corporation\n\nLaser Photonics Corporation (NASDAQ:LASE) is a global leader in laser systems\nfor industrial and defense applications. The Company develops and manufactures\nadvanced laser technologies used in cleaning, surface preparation, and\nprecision material processing across demanding operating environments. Laser\nPhotonics serves a broad range of end markets, including defense and\ngovernment, aerospace, energy, maritime, automotive, and advanced\nmanufacturing. Through a combination of internal development, strategic\nacquisitions, and partnerships, the Company continues to expand its product\nportfolio and address new applications where performance, efficiency, and\nenvironmental considerations are critical. For more information, please visit\nlaserphotonics.com (https://pr.report/mioe).\n\nCautionary Note Concerning Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. These statements are based on current expectations\nas of the date of this press release and involve risks and uncertainties that\nmay cause results to differ materially from those indicated by these\nforward-looking statements. These forward-looking statements include, among\nother things, statements regarding our preliminary internal financial\ninformation, which is unaudited, subject to completion of our financial\nclosing and audit procedures and may differ materially from our actual\nresults. These risks and uncertainties include, but are not limited to, the\nimpacts of federal government funding disruptions and shutdowns on our\ncontracts, operations, capital-raising activities, and strategic initiatives.\nWe encourage readers to review the \"Risk Factors\" in our Registration\nStatement and other filings with the Securities and Exchange Commission for a\ncomprehensive understanding. Laser Photonics Corp. undertakes no obligation to\nrevise or update any forward-looking statements, except as required by\napplicable laws or regulations, to reflect events or circumstances after the\ndate of this press release.\n\nInvestor Relations Contact:\n\nLucas A. Zimmerman & Ian Scargill\nMZ Group - MZ North America\n(262) 357-2918\nLASE@mzgroup.us\nwww.mzgroup.us\n\nSOURCE: Laser Photonics Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/laser-photonics-reports-first-quarter-2026-financial-results-1176351)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-06-11T21:15:47.494786163Z","server_sent_at_ms":1781212547494},"received_at":"2026-06-11T21:15:47.555Z","source_url":"https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/laser-photonics-reports-first-quarter-2026-financial-results-1176351"},"analysis":{"id":"51343","press_release_id":"61917","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["Revenue declined 61% YoY","Company reported a gross loss in Q1","Heavy reliance on warrant inducements and dilutive capital raises to service debt","Past-due debt required repayment to regain Nasdaq compliance"],"eventType":"earnings","narrative":"Laser Photonics reported Q1 2026 revenue of $0.9 million, a 61% decline year-over-year, driven by delayed equipment deliveries and lower sales volume. The company posted a net loss of $2.9 million ($0.11 per share) and a gross loss of $0.4 million, compared to a gross profit of $0.9 million in the prior year.\n\nDespite the weak top-line results, the company significantly strengthened its balance sheet by raising approximately $9.7 million in net proceeds through public offerings and warrant inducements. These funds were used to repay all past-due notes payable, allowing the company to regain Nasdaq compliance and improve its working capital position.\n\nOperationally, the company secured a major defense milestone with the U.S. Department of War selecting its Laser Shield Anti-Drone System for further technical exchange. It also expanded its commercial order book with new contracts from Johnson & Johnson and Cummins, bringing total contract liabilities and deferred revenue to $4.2 million.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"LASE misses on revenue but clears debt and Nasdaq compliance hurdles; defense pipeline and J&J order provide offsetting positives."},"keyFigures":{"revenueYoy":"-61%","customDimensions":{"net_loss":2900000,"cash_on_hand":1600000,"q1_net_proceeds":6100000,"april_net_proceeds":3600000,"operating_expenses":2400000,"contract_liabilities_deferred_revenue":4200000}},"quotedText":"The first quarter was a period of decisive strategic and financial progress, even as the timing of equipment deliveries weighed on near-term revenue.","namedEntities":{"people":[{"name":"Wayne Tupuola","role":"CEO"},{"name":"Roman Franklin","role":"CFO"}],"products":["Laser Shield Anti-Drone System","LSAD","Missile Laser Rust Inhibitor","Marlin laser cleaners","Blaster Cabinet 4020"],"companies":[{"name":"Laser Photonics Corporation","ticker":"LASE"},{"name":"U.S. Department of War","relationship":"customer"},{"name":"Fonon Technologies","relationship":"partner"},{"name":"Johnson & Johnson","relationship":"customer"},{"name":"Cummins","relationship":"customer"},{"name":"MZ Group","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$0.9 million","context":"Q1 2026 total net sales"},{"amount":"$2.3 million","context":"Q1 2025 total net sales"},{"amount":"$0.4 million","context":"Q1 2026 gross loss"},{"amount":"$0.9 million","context":"Q1 2025 gross profit"},{"amount":"$2.4 million","context":"Q1 2026 operating expenses"},{"amount":"$2.9 million","context":"Q1 2026 net loss"},{"amount":"$1.6 million","context":"Cash on hand at quarter end"},{"amount":"$6.1 million","context":"Net proceeds raised in Q1"},{"amount":"$3.6 million","context":"Net proceeds raised in April 2026"},{"amount":"$4.2 million","context":"Combined contract liabilities and deferred revenue"},{"amount":"$0.25 million","context":"Johnson & Johnson order"},{"amount":"$0.5 million","context":"U.S. power utility order"},{"amount":"$0.5 million","context":"Medical device manufacturer order"},{"amount":"$1 million","context":"Annualized cost savings from manufacturing consolidation"}]},"materialImpact":{"score":3,"reasoning":"Revenue missed significantly (down 61% YoY) and the company reported a net loss, but this is offset by critical balance sheet improvements: repayment of all past-due debt, regaining Nasdaq compliance, and raising ~$9.7M in capital. The defense contract win is a positive operational signal but not yet revenue-generating."},"tickerRelevance":{"others":[],"primary":"LASE"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["operations_update","executive_change"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"earnings_miss_but_balance_sheet_fix","sectorWeight":"defense/industrial","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"low"}},"event_type":"earnings","event_type_secondary":["operations_update","executive_change"],"sentiment":"mixed","material_impact_score":3,"narrative":"Laser Photonics reported Q1 2026 revenue of $0.9 million, a 61% decline year-over-year, driven by delayed equipment deliveries and lower sales volume. The company posted a net loss of $2.9 million ($0.11 per share) and a gross loss of $0.4 million, compared to a gross profit of $0.9 million in the prior year.\n\nDespite the weak top-line results, the company significantly strengthened its balance sheet by raising approximately $9.7 million in net proceeds through public offerings and warrant inducements. These funds were used to repay all past-due notes payable, allowing the company to regain Nasdaq compliance and improve its working capital position.\n\nOperationally, the company secured a major defense milestone with the U.S. Department of War selecting its Laser Shield Anti-Drone System for further technical exchange. It also expanded its commercial order book with new contracts from Johnson & Johnson and Cummins, bringing total contract liabilities and deferred revenue to $4.2 million.","key_figures":{"revenueYoy":"-61%","customDimensions":{"net_loss":2900000,"cash_on_hand":1600000,"q1_net_proceeds":6100000,"april_net_proceeds":3600000,"operating_expenses":2400000,"contract_liabilities_deferred_revenue":4200000}},"named_entities":{"people":[{"name":"Wayne Tupuola","role":"CEO"},{"name":"Roman Franklin","role":"CFO"}],"products":["Laser Shield Anti-Drone System","LSAD","Missile Laser Rust Inhibitor","Marlin laser cleaners","Blaster Cabinet 4020"],"companies":[{"name":"Laser Photonics Corporation","ticker":"LASE"},{"name":"U.S. Department of War","relationship":"customer"},{"name":"Fonon Technologies","relationship":"partner"},{"name":"Johnson & Johnson","relationship":"customer"},{"name":"Cummins","relationship":"customer"},{"name":"MZ Group","relationship":"investor relations"}],"dollarAmounts":[{"amount":"$0.9 million","context":"Q1 2026 total net sales"},{"amount":"$2.3 million","context":"Q1 2025 total net sales"},{"amount":"$0.4 million","context":"Q1 2026 gross loss"},{"amount":"$0.9 million","context":"Q1 2025 gross profit"},{"amount":"$2.4 million","context":"Q1 2026 operating expenses"},{"amount":"$2.9 million","context":"Q1 2026 net loss"},{"amount":"$1.6 million","context":"Cash on hand at quarter end"},{"amount":"$6.1 million","context":"Net proceeds raised in Q1"},{"amount":"$3.6 million","context":"Net proceeds raised in April 2026"},{"amount":"$4.2 million","context":"Combined contract liabilities and deferred revenue"},{"amount":"$0.25 million","context":"Johnson & Johnson order"},{"amount":"$0.5 million","context":"U.S. power utility order"},{"amount":"$0.5 million","context":"Medical device manufacturer order"},{"amount":"$1 million","context":"Annualized cost savings from manufacturing consolidation"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-11T21:17:21.948Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"earnings_miss_but_balance_sheet_fix","sectorWeight":"defense/industrial","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"low"}},"durationMs":94379,"modelName":"george-droid-qwen-72b"}}