Laser Photonics (LASE)


Market Price (10/12/2026): $0.7148 | Market Cap: $28.1 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Laser Photonics (LASE)


Market Price (10/12/2026): $0.7148
Market Cap: $28.1 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Automation & Robotics, and Sustainable Consumption. Themes include Factory Automation, Industrial Robotics, Show more.

Weak multi-year price returns
2Y Excs Rtn is -125%, 3Y Excs Rtn is -128%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%

Penny stock
Mkt Price is 0.7

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -191%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -30%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 17%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -145%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -146%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -73%

High stock price volatility
Vol 12M is 208%

Key risks
LASE key risks include [1] significant financial instability and allegations of operating as a "fraud machine" siphoning cash to insiders, Show more.

0 Megatrend and thematic drivers
Megatrends include Automation & Robotics, and Sustainable Consumption. Themes include Factory Automation, Industrial Robotics, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -125%, 3Y Excs Rtn is -128%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
3 Penny stock
Mkt Price is 0.7
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -191%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg QQuarterly Revenue Change % is -30%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 17%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -145%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -146%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -73%
9 High stock price volatility
Vol 12M is 208%
10 Key risks
LASE key risks include [1] significant financial instability and allegations of operating as a "fraud machine" siphoning cash to insiders, Show more.

LASE in ETFs

Weight = LASE's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/8/2026

Laser Photonics (LASE) stock has lost about 55% since 6/30/2026 because of the following key factors:

1. Weak Fiscal Q2 2026 Financial Performance.

Laser Photonics reported a significant year-over-year decline in net sales and a widening net loss for fiscal Q2 2026, which ended June 30, 2026, and was announced on August 14, 2026. Net sales decreased 30% to $1.8 million compared to $2.6 million in fiscal Q2 2025. Concurrently, the net loss widened by 85% to $3.3 million, or $(0.08) per share, from a net loss of $1.8 million, or $(0.12) per share, in the prior year's comparable quarter. While gross margin turned positive sequentially, the substantial year-over-year declines in top-line revenue and profitability signaled ongoing operational challenges to investors.

2. Significant Share Dilution from Public Offering.

In September 2026, Laser Photonics completed a public offering that resulted in substantial dilution for existing shareholders. On September 10, 2026, the company announced the pricing of a $7.9 million public offering, which then closed on September 15, 2026. This offering included 10,500,000 shares of common stock, along with accompanying Series B-1 and B-2 warrants, all sold at a combined public offering price of $0.75 per share and accompanying warrants. This large issuance of new shares and warrants at a price significantly below the stock's trading levels earlier in the period (e.g., $1.37 on August 13, 2026) put considerable downward pressure on the stock price.

Show more
Updated on 10/8/2026

Laser Photonics (LASE) stock has lost about 55% since 6/30/2026 because of the following key factors:

1. Weak Fiscal Q2 2026 Financial Performance.

Laser Photonics reported a significant year-over-year decline in net sales and a widening net loss for fiscal Q2 2026, which ended June 30, 2026, and was announced on August 14, 2026. Net sales decreased 30% to $1.8 million compared to $2.6 million in fiscal Q2 2025. Concurrently, the net loss widened by 85% to $3.3 million, or $(0.08) per share, from a net loss of $1.8 million, or $(0.12) per share, in the prior year's comparable quarter. While gross margin turned positive sequentially, the substantial year-over-year declines in top-line revenue and profitability signaled ongoing operational challenges to investors.

2. Significant Share Dilution from Public Offering.

In September 2026, Laser Photonics completed a public offering that resulted in substantial dilution for existing shareholders. On September 10, 2026, the company announced the pricing of a $7.9 million public offering, which then closed on September 15, 2026. This offering included 10,500,000 shares of common stock, along with accompanying Series B-1 and B-2 warrants, all sold at a combined public offering price of $0.75 per share and accompanying warrants. This large issuance of new shares and warrants at a price significantly below the stock's trading levels earlier in the period (e.g., $1.37 on August 13, 2026) put considerable downward pressure on the stock price.

3. Persistent Reliance on Capital Raises.

The company has frequently resorted to equity financing, including warrant inducement transactions, to fund operations and strengthen its balance sheet, indicating ongoing capital needs. For instance, subsequent to fiscal Q2 2026, a warrant inducement transaction generated approximately $2.2 million in net proceeds. Earlier in fiscal Q1 and Q2 2026, the company also executed warrant inducement agreements that collectively brought in approximately $5.48 million in gross proceeds. This pattern of continuous equity raises to support the business likely created investor apprehension regarding the company's ability to achieve self-sustaining profitability and negatively impacted stock performance.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -55.1% change in LASE stock from 6/30/2026 to 10/11/2026 was primarily driven by a -30.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610112026Change
Stock Price ($)1.650.74-55.1%
Change Contribution By: 
Total Revenues ($ Mil)76-11.4%
P/S Multiple6.54.7-27.2%
Shares Outstanding (Mil)2739-30.5%
Cumulative Contribution-55.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/11/2026
ReturnCorrelation
LASE-55.1% 
Market (SPY)4.3%34.2%
Sector (XLI)-8.6%18.6%

Fundamental Drivers

The -26.0% change in LASE stock from 3/31/2026 to 10/11/2026 was primarily driven by a -56.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)331202610112026Change
Stock Price ($)1.000.74-26.0%
Change Contribution By: 
Total Revenues ($ Mil)76-13.5%
P/S Multiple2.44.796.7%
Shares Outstanding (Mil)1739-56.5%
Cumulative Contribution-26.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/11/2026
ReturnCorrelation
LASE-26.0% 
Market (SPY)20.0%13.3%
Sector (XLI)4.9%14.4%

Fundamental Drivers

The -82.8% change in LASE stock from 9/30/2025 to 10/11/2026 was primarily driven by a -63.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202510112026Change
Stock Price ($)4.310.74-82.8%
Change Contribution By: 
Total Revenues ($ Mil)76-11.0%
P/S Multiple8.94.7-46.8%
Shares Outstanding (Mil)1439-63.7%
Cumulative Contribution-82.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/11/2026
ReturnCorrelation
LASE-82.8% 
Market (SPY)17.8%12.7%
Sector (XLI)10.7%10.3%

Fundamental Drivers

The -47.1% change in LASE stock from 9/30/2023 to 10/11/2026 was primarily driven by a -80.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)930202310112026Change
Stock Price ($)1.400.74-47.1%
Change Contribution By: 
Total Revenues ($ Mil)36107.3%
P/S Multiple3.74.727.4%
Shares Outstanding (Mil)839-80.0%
Cumulative Contribution-47.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/11/2026
ReturnCorrelation
LASE-47.1% 
Market (SPY)88.4%12.7%
Sector (XLI)73.6%13.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LASE Return--21%-42%390%-57%-70%-71%
Peers Return1%-45%24%11%77%30%76%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
LASE Win Rate-25%42%75%33%40% 
Peers Win Rate53%38%47%48%58%58% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LASE Max Drawdown---90%-77%-69%-81% 
Peers Max Drawdown-36%-55%-42%-31%-45%-46% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: IPGP, COHR, LASR, NOVT, MKSI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)

How Low Can It Go

EventLASES&P 500
2025 US Tariff Shock
  % Loss-40.8%-18.8%
  % Gain to Breakeven68.9%23.1%
  Time to Breakeven35 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.4%-7.8%
  % Gain to Breakeven14.1%8.5%
  Time to Breakeven8 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-72.9%-9.5%
  % Gain to Breakeven268.7%10.5%
  Time to Breakeven140 days24 days
2023 SVB Regional Banking Crisis
  % Loss-47.4%-6.7%
  % Gain to Breakeven90.0%7.1%
  Time to Breakeven507 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.5%-24.5%
  % Gain to Breakeven38.0%32.4%
  Time to Breakeven1 days427 days

Compare to IPGP, COHR, LASR, NOVT, MKSI

In The Past

Laser Photonics's stock fell -40.8% during the 2025 US Tariff Shock. Such a loss loss requires a 68.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventLASES&P 500
2025 US Tariff Shock
  % Loss-40.8%-18.8%
  % Gain to Breakeven68.9%23.1%
  Time to Breakeven35 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-72.9%-9.5%
  % Gain to Breakeven268.7%10.5%
  Time to Breakeven140 days24 days
2023 SVB Regional Banking Crisis
  % Loss-47.4%-6.7%
  % Gain to Breakeven90.0%7.1%
  Time to Breakeven507 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.5%-24.5%
  % Gain to Breakeven38.0%32.4%
  Time to Breakeven1 days427 days

Compare to IPGP, COHR, LASR, NOVT, MKSI

In The Past

Laser Photonics's stock fell -40.8% during the 2025 US Tariff Shock. Such a loss loss requires a 68.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Laser Photonics (LASE)

Laser Photonics (LASE) is a vertically integrated manufacturing company that develops and sells advanced photonics-based industrial products. Its core focus is on pioneering disruptive laser cleaning technologies, positioning itself to revolutionize and replace traditional sandblasting and abrasive blasting markets. The company offers a comprehensive portfolio of integrated laser blasting solutions designed for critical applications such as corrosion control, rust removal, de-coating, as well as pre-welding, post-welding, and general surface conditioning.

These innovative laser blasting solutions are applicable across an extensive array of industries involved in materials processing, including automotive, aerospace, healthcare, shipbuilding, heavy industry, and nuclear maintenance and decommissioning. Laser Photonics' products support various stages of a product's lifecycle, from initial fabrication to ongoing maintenance, repair, and aftermarket operations. The company's vertically integrated operations provide strategic advantages in terms of reduced development time, competitive pricing, stringent quality control, and protection of its proprietary technology.

Laser Photonics markets its equipment globally, primarily targeting Fortune 1000 companies and agencies of the U.S. Government, including various branches of the U.S. military, which accounted for approximately 22% of its net revenues in 2021. The company leverages an exclusive, perpetual, worldwide license for its branded laser cleaning equipment and benefits from its affiliation with majority shareholder ICT Investments, gaining access to a broad network of potential Fortune 5000 customers.

AI Analysis | Feedback

  • Tesla, but for industrial surface cleaning and preparation.
  • Dyson, but for heavy industrial cleaning and surface preparation using lasers.
  • TRUMPF, but hyper-focused on disruptive laser cleaning and surface preparation technologies.

AI Analysis | Feedback

  • Laser Cleaning and Blasting Equipment/Solutions: Photonics-based industrial products and integrated solutions primarily for disruptive laser cleaning and blasting applications such as corrosion control, rust removal, de-coating, and surface conditioning across various industries.

AI Analysis | Feedback

Laser Photonics (LASE) primarily sells its products to other organizations, not individuals. Its major customers include:

  • The U.S. Government: This includes agencies of the U.S. Government and three branches of the U.S. military, which accounted for approximately 22% of the company's net revenues in 2021. No specific government agencies or military branches are named beyond this general description.
  • Fortune 1000 Companies: Laser Photonics states it sells principally to Fortune 1000 companies globally. No specific Fortune 1000 company names or their symbols are provided in the background information.

AI Analysis | Feedback

null

AI Analysis | Feedback

Wayne Tupuola, President, Chief Executive Officer and Chairman of the Board

Mr. Tupuola joined an affiliate of ICT Investments as Vice President of Operations in January 2007 and became part of Laser Photonics in November 2019. He possesses over 15 years of C-level management experience in manufacturing operations and more than 24 years of hands-on experience across the semiconductor, aerospace, food & beverage, and commercial industries, with companies such as Sumitomo Corp, ON Semiconductor Corp, and Thermo-Electron. From September 2015 to December 2015, he served as a Director and Vice President of Operations for Fonon Corporation, an affiliate of Laser Photonics and an ICT Investment's portfolio company. He is currently responsible for all manufacturing and daily business operations at Laser Photonics. Mr. Tupuola is a graduate of the University of Phoenix with a degree in Communications.

Michael Lockey, Principal Financial and Accounting Officer

Mr. Lockey currently serves as the Principal Financial and Accounting Officer and Corporate Controller for Laser Photonics, having joined the company in March 2025. He brings more than 20 years of financial leadership experience from public and private companies, manufacturing, and professional services. A Certified Public Accountant, his background includes roles as CFO, controller, and senior consultant. Prior to Laser Photonics, he worked as a fractional controller for several companies and served as Director of Management Services for American Management Services, where he managed consulting projects and full-time consultants. He also held the position of Chief Financial Officer at PSL North America LLC, a large diameter steel pipe manufacturer, and had financial and controller roles at Future Pipe Industries, Camper City, and Winn Dixie Stores. Mr. Lockey earned a Masters of Accountancy from the University of North Florida.

Ann Tewari, Executive Vice President, Global Operations and Strategy

Ms. Tewari was appointed Executive Vice President of Global Operations in February 2026. She has over 35 years of corporate operations and manufacturing leadership experience in aerospace, defense, telecommunications, and advanced industrial environments involving laser-based technologies. Her senior leadership roles include leading multi-site operations across North America and Europe for companies such as Northrop Grumman, Raytheon, Comtech Telecommunications, and Pratt & Whitney. In her current role, Ms. Tewari oversees global operations, focusing on manufacturing optimization and scaling corporate processes to enhance productivity, quality, and delivery performance.

Igor Vodopiyanov, PhD, Vice President of Research & Development and Product Development

Dr. Vodopiyanov is the Vice President of Research & Development and Product Development. He previously worked as a Research Scientist at Florida Institute of Technology, where he conducted research in Particle Physics within the CMS Collaboration at the CERN Large Hadron Collider in Switzerland and Physics within the Electron-Positron Collider at Petersburg Nuclear Physics Institute.

Nicole Joyce, Vice President of Marketing & Corporate Communications

Ms. Joyce joined Laser Photonics as Vice President of Marketing & Corporate Communications in January 2026. She brings over 20 years of experience in strategy, product, marketing, and commercial leadership, driving global business growth. Her expertise spans transformational leadership in manufacturing, photonics, sensors, and AI. Prior to Laser Photonics, she led Florida Photonics and held senior positions at Ocean Optics, Bloomberg Industry Group, Gartner, and Honeywell. Ms. Joyce holds an MBA and a Bachelor of Arts in Business Administration from Otterbein University.

AI Analysis | Feedback

Key Risks to Laser Photonics (LASE)

  1. Concentrated ownership and control by ICT Investments, including dependence on the exclusive license agreement: ICT Investments currently owns approximately 96% of Laser Photonics' common stock (projected to be approximately 60% after an offering) and retains the voting power to decide all matters submitted to a vote of shareholders, including the election of directors. This gives ICT Investments substantial influence over the company's strategic direction. Furthermore, Laser Photonics operates under a critical dependency: an exclusive, perpetual, worldwide license from ICT Investments to sell Laser Photonics™ branded equipment for laser cleaning and rust removal, making any issues with this agreement or ICT Investments itself a significant risk.
  2. Reliance on U.S. Government contracts with "cancel for convenience" clauses: Approximately 22% of Laser Photonics' net revenues in 2021 came from the U.S. Government. Some of these standard U.S. Government equipment purchase contracts allow the U.S. Government to cancel for convenience, introducing a risk of revenue loss from a significant customer segment.

AI Analysis | Feedback

null

AI Analysis | Feedback

Laser Photonics (LASE) targets a substantial addressable market with its photonics-based industrial products and solutions, primarily disruptive laser cleaning technologies. The company aims to disrupt the traditional sandblasting and abrasive blasting markets.

According to the company's September 2025 investor presentation, Laser Photonics has an estimated global addressable market of US$42.8 billion. Following a strategic acquisition in April 2025, the company stated its total addressable market expanded to approximately $45 billion. Additionally, Laser Photonics indicates that it seeks to disrupt the $46 billion global sand and abrasives blasting markets.

Specific market sizes for the relevant industries are as follows:

  • The global laser cleaning market was valued at USD 0.7 billion in 2024 and is projected to grow to USD 1.22 billion by 2033, with a compound annual growth rate (CAGR) of 6.36%. Another estimate places the global laser cleaning market at USD 0.76 billion in 2024, expanding to USD 1.34 billion by 2035 at a CAGR of 5.4%.
  • The global abrasive blasting equipment market is projected to reach approximately USD 1.2 billion by 2033, growing at a CAGR of 4.5% from 2025 to 2033. Another source indicates the global abrasive blasting equipment market size was approximately $10 billion in 2023 and is projected to reach $15.8 billion by 2032, with a CAGR of 5.4%.
  • The global sandblasting media market size is estimated at USD 10.44 billion in 2025 and is projected to increase to around USD 19.91 billion by 2034, demonstrating a CAGR of 7.43%.
  • The global sand blasting machine market was estimated at USD 626.3 million in 2025 and is expected to grow to USD 931.7 million by 2035, at a CAGR of 4.1%.

AI Analysis | Feedback

Laser Photonics (LASE) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Strategic Mergers and Acquisitions (M&A) and Expanded Product Portfolio: The company attributes past revenue growth to a successful M&A strategy, including the integration of Beamer Laser Marking Systems, which significantly broadened its product offerings. Laser Photonics intends to continue this strategy by selectively pursuing acquisitions that can be integrated into its operating model and enhance long-term shareholder value.
  2. Increasing Backlog and Growing Demand in Diversified End Markets: Laser Photonics reported a substantial increase in its backlog to approximately $2.5 million as of December 31, 2025, up from $1.0 million the previous year. This growing backlog indicates rising demand across diversified markets, including industrial, defense, medical, and pharmaceutical sectors, providing clear revenue visibility for 2026. Recent orders in the pharmaceutical and medical device manufacturing sectors, alongside repeat orders from fiber optic technology and firearm manufacturers, underscore this trend.
  3. Reinvestment in Scalable Growth Initiatives with a Focus on Higher-Margin Opportunities: The company's management emphasizes the scalability of its business model and its stronger financial position, which enables reinvestment in scalable growth initiatives. A clear priority for 2026 and beyond is to drive higher-margin growth within its core industrial and defense platforms, suggesting a strategic focus on expanding sales in profitable segments.

AI Analysis | Feedback

Share Repurchases

  • Laser Photonics' Board of Directors authorized a share repurchase program on January 11, 2023, permitting the company to purchase up to an aggregate of 2 million shares of common stock.
  • The annual share buybacks for LASE stock amounted to $1.21 million in 2023.

Share Issuance

  • In September 2022, Laser Photonics went public through an IPO, raising approximately $12 million in net proceeds.
  • On February 6, 2026, the company announced the pricing of a public offering of 7,142,858 shares of common stock (or pre-funded warrants) and accompanying warrants, at a combined public offering price of $0.70 per share, expected to generate approximately $5 million in gross proceeds.
  • On March 16, 2026, Laser Photonics entered into agreements for the immediate exercise of warrants to purchase up to 1,373,630 shares of common stock at a reduced exercise price of $1.08 per share, which is expected to generate approximately $1.5 million in gross proceeds.

Inbound Investments

  • The company raised approximately $12 million in net proceeds from its IPO in September 2022.
  • A public offering priced on February 6, 2026, is anticipated to bring in approximately $5 million in gross proceeds.
  • On March 16, 2026, Laser Photonics secured approximately $1.5 million in gross proceeds through the exercise of warrants.

Outbound Investments

  • Laser Photonics acquired Control Micro Systems (CMS) in Q4 2024, expanding its presence in the healthcare and pharmaceutical laser markets.
  • The company also acquired Beamer Laser Marking Systems in June 2025.

Capital Expenditures

  • In the last 12 months leading up to February 2026, capital expenditures were approximately -$44,753.
  • Net proceeds from the February 2026 public offering are intended to be used, in part, for research and development for the company's various laser-based technologies.

Better Bets vs. Laser Photonics (LASE)

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LASEIPGPCOHRLASRNOVTMKSIMedian
NameLaser Ph.IPG Phot.Coherent nLight Novanta MKS  
Mkt Price0.7578.34306.6038.28141.27261.80109.81
Mkt Cap0.03.360.02.25.817.74.6
Rev LTM61,0697,1183111,0304,3471,050
Op Inc LTM-1242902-1412072681
FCF LTM-921-1,0314211445531
FCF 3Y Avg-894-2131212247153
CFO LTM-996805313463588
CFO 3Y Avg-818342021141603162

Growth & Margins

LASEIPGPCOHRLASRNOVTMKSIMedian
NameLaser Ph.IPG Phot.Coherent nLight Novanta MKS  
Rev Chg LTM-11.0%13.0%22.5%43.2%7.6%16.3%14.6%
Rev Chg 3Y Avg33.8%-6.9%12.4%13.7%5.0%4.7%8.7%
Rev Chg Q-30.5%11.1%33.7%33.8%10.3%28.3%19.7%
QoQ Delta Rev Chg LTM-11.4%2.7%7.8%7.2%2.5%6.8%4.7%
Op Inc Chg LTM-78.9%732.7%68.5%70.0%-4.5%33.9%51.2%
Op Inc Chg 3Y Avg-57.8%194.2%151.0%26.2%-0.2%15.5%20.9%
Op Mgn LTM-190.8%4.0%12.7%-4.6%11.6%16.7%7.8%
Op Mgn 3Y Avg-121.6%4.5%8.2%-17.9%12.6%14.8%6.3%
QoQ Delta Op Mgn LTM-42.2%1.6%1.4%0.6%0.0%1.7%1.0%
CFO/Rev LTM-144.7%9.0%1.1%17.1%13.0%14.6%11.0%
CFO/Rev 3Y Avg-147.4%17.3%7.9%7.5%14.7%15.6%11.3%
FCF/Rev LTM-146.3%1.9%-14.5%13.5%11.1%10.5%6.2%
FCF/Rev 3Y Avg-153.1%8.8%-2.3%3.7%12.7%12.2%6.3%

Valuation

LASEIPGPCOHRLASRNOVTMKSIMedian
NameLaser Ph.IPG Phot.Coherent nLight Novanta MKS  
Mkt Cap0.03.360.02.25.817.74.6
P/S4.83.18.47.05.64.15.2
P/Op Inc-2.578.666.5-152.048.324.436.3
P/EBIT-1.878.657.8-204.848.326.037.1
P/E-1.5120.774.5-174.893.840.257.4
P/CFO-3.334.5754.241.043.327.937.8
Total Yield-69.5%0.8%1.3%-0.6%1.1%2.8%0.9%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.4%0.0%
FCF Yield 3Y Avg-23.5%2.6%0.3%0.5%2.2%4.8%1.4%
D/E0.20.00.10.00.00.20.1
Net D/E0.1-0.30.0-0.1-0.10.2-0.0

Returns

LASEIPGPCOHRLASRNOVTMKSIMedian
NameLaser Ph.IPG Phot.Coherent nLight Novanta MKS  
1M Rtn7.5%-2.1%0.4%-5.2%-3.6%-2.1%-2.1%
3M Rtn-43.8%-27.3%-5.5%-46.9%-9.8%-28.9%-28.1%
6M Rtn-20.5%-38.5%-0.3%-41.4%12.8%-2.4%-11.5%
12M Rtn-80.9%-2.9%176.0%36.4%41.3%116.8%38.8%
3Y Rtn-42.1%-16.1%802.6%300.0%-4.0%226.6%111.3%
1M Excs Rtn2.3%-2.9%1.7%-5.5%-4.7%-2.9%-2.9%
3M Excs Rtn-42.8%-29.1%-4.1%-48.3%-9.6%-29.5%-29.3%
6M Excs Rtn-35.3%-53.1%-14.6%-56.0%-1.8%-16.9%-26.1%
12M Excs Rtn-98.6%-26.4%147.4%9.6%21.9%82.2%15.8%
3Y Excs Rtn-128.2%-104.4%810.9%194.7%-83.3%128.4%22.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment834 4
Product Sales   4 
Sales Discounts   -0 
Total83444


Assets by Segment
$ Mil20202019
Single Segment70
Total70


Price Behavior

Price Behavior
Market Price$0.74 
Market Cap ($ Bil)0.0 
First Trading Date09/30/2022 
Distance from 52W High-83.4% 
   50 Days200 Days
DMA Price$1.07$1.30
DMA Trenddowndown
Distance from DMA-30.9%-43.2%
 3M1YR
Volatility118.1%207.8%
Downside Capture510.31395.91
Upside Capture150.05127.66
Correlation (S&P 500)32.7%13.0%
LASE Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta3.584.043.952.912.091.62
Up Beta4.361.792.56-2.71-1.130.30
Down Beta12.1013.157.482.791.721.25
Up Capture48%381%259%706%263%2012%
Bmk +ve Days6162766132424
Stock +ve Days8212755114328
Down Capture695%441%440%318%187%113%
Bmk -ve Days16263760120328
Stock -ve Days13203366132397

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity6.2 Mil
Short Interest: % Change Since 9152026-15.8%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest3.6 days
Basic Shares Quantity39.3 Mil
Short % of Basic Shares15.7%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202606/11/202610-Q
12/31/202504/20/202610-K
09/30/202512/23/202510-Q
06/30/202508/15/202510-Q
03/31/202507/03/202510-Q
12/31/202406/24/202510-K
09/30/202411/18/202410-Q
06/30/202408/29/202410-Q
03/31/202405/15/202410-Q
12/31/202304/19/202410-K
09/30/202311/14/202310-Q
06/30/202308/15/202310-Q
03/31/202305/10/202310-Q
12/31/202204/17/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202606/11/202610-Q
12/31/202504/20/202610-K
09/30/202512/23/202510-Q
06/30/202508/15/202510-Q
03/31/202507/03/202510-Q
12/31/202406/24/202510-K
09/30/202411/18/202410-Q
06/30/202408/29/202410-Q
03/31/202405/15/202410-Q
12/31/202304/19/202410-K
09/30/202311/14/202310-Q
06/30/202308/15/202310-Q
03/31/202305/10/202310-Q
12/31/202204/17/202310-K
09/30/202211/14/202210-Q
06/30/202209/09/2022424B3
03/31/202205/19/202210-Q
09/30/202103/24/2022S-1/A
06/30/202108/16/202110-Q
03/31/202105/24/202110-Q
09/30/202011/16/202010-Q
06/30/202008/19/202010-Q
12/31/201903/26/202110-K

Insider Activity

Updated 5/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lu, QingDirectBuy50120260.7527,00020,25062,859Form
2Lu, QingDirectBuy50120260.6335,00022,20036,035Form
3Lu, QingDirectBuy50120260.637,0004,41013,742Form
4Lu, QingDirectSell50120260.985,8005,68414,516Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lu, QingDirectBuy50120260.7527,00020,25062,859Form
2Lu, QingDirectBuy50120260.6335,00022,20036,035Form
3Lu, QingDirectBuy50120260.637,0004,41013,742Form
4Lu, QingDirectSell50120260.985,8005,68414,516Form
Core Cache Last Updated: 10/11/2026