| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $916K | — | -60.0% |
| Cost of Revenue | $1.3M | — | +13.3% |
| Gross Profit | -$388K | — | -134.1% |
| R&D Expense | $127K | — | +8.9% |
| SG&A Expense | $1.6M | — | +82.1% |
| Operating Income | -$2.8M | — | -76.5% |
| Net Income | -$2.9M | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Accounts Receivable | $1.1M | +102.4% | — |
| Inventory | $1.2M | -3.3% | -37.8% |
| Current Assets | $4.5M | +51.5% | +13.4% |
| Total Assets | $10.9M | +15.4% | -32.0% |
| Current Liabilities | $8.5M | -17.6% | +74.7% |
| Total Liabilities |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$1.8M | — | -59.2% |
| Investing Cash Flow | -$98K | — | -334.3% |
| Financing Cash Flow | $2.9M | — | +253.7% |
Business Overview
Laser Photonics Corporation is a vertically integrated manufacturing company for photonics-based industrial products and solutions, primarily disruptive laser cleaning technologies, located in central Florida. During Q1 2026, the company completed a February public offering, warrant exercises, and warrant inducement transactions that generated approximately $3.6 million in net proceeds in April 2026, while managing significant operational challenges including recurring operating losses and negative working capital.
Segment Performance
The company operates as a single reportable segment. For Q1 2026 versus Q1 2025: net sales declined 60% to $915,553 from $2,290,282; gross loss was $(388,451) compared to gross profit of $900,491; operating loss widened to $(2,775,819) from $(1,572,525); and net loss increased to $(2,946,284) from $(1,680,723). Operating expenses of $2,387,368 remained relatively flat versus $2,473,016 prior year.
Forward Guidance
Management stated that "the Company s ability to continue as a going concern depends on its ability to raise additional debt or equity capital to fund its business activities and ultimately achieve sustainable operating revenues and profitability." Management's plans include "continued capital raising initiatives, including warrant exercise and inducement transactions completed subsequent to quarter-end that generated approximately $3.6 million of net proceeds in April 2026, active management of working capital, reduction of discretionary expenditures, and initiatives intended to increase equipment sales and improve operating cash flows." However, management cautioned: "While management believes these actions may improve liquidity and support ongoing operations, there can be no assurance that such plans will be successfully implemented or that sufficient financing will be available on acceptable terms."
Key Risk Factors
| -75.3% |
| $12.6M |
| -13.0% |
| +37.2% |
| Stockholders' Equity | -$1.7M | +66.2% | -124.8% |
The company faces substantial doubt about its ability to continue as a going concern, having incurred recurring operating losses and negative operating cash flows ($2.9 million net loss and $1.8 million negative operating cash flow in Q1 2026). The company has negative working capital of approximately $4.0 million as of March 31, 2026 and depends on its ability to raise additional debt or equity capital, with no assurance that sufficient financing will be available on acceptable terms. Net sales declined significantly to $915,553 in Q1 2026 from $2,290,282 in Q1 2025, while the company maintains substantial inventory reserves of $503,835 subject to rapid obsolescence risk.