Reports Q3 revenue $800K compared to $1.3M last year .”Looking at the quarter, we navigated a challenging period marked by increased investment in HR, Sales, and administrative functions-strategic moves that, while impacting our short-term performance, are essential for our future growth. We also secured several key deals, such as a sale of our CleanTech Industrial Roughening Laser 3050 to Acuren, another sale to the U.S. Navy, and an expansion with Brokk into the Asia-Pacific region. Each of these highlights our ongoing commitment to driving growth and value across strategic verticals.” “Looking to our future, we’re excited about the advancement of our innovative product concepts, including the Laser Shield Anti-Drone System (LSAD) and the Next-Gen CleanTech Robotic Cell, both poised to play critical roles in defense and industrial markets.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LASE:
- Largest borrow rate increases among liquid names
- Laser Photonics, Fonon receive order through Noble partnership
- Laser Photonics Expands into Pharma with Strategic Acquisition
- Laser Photonics to acquire Control Micro Systems, terms undisclosed
- Laser Photonics ‘lands sale’ of CTIR-3050 to Thermodyne Powder Coating