NEW YORK, June 7, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Laser Photonics Corporation ("Laser Photonics" or the "Company") (NASDAQ: LASE).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Laser Photonics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class actio ...

NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Laser Photonics Corporation (“Laser Photonics” or the “Company”) (NASDAQ: LASE).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Laser Photonics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the c ...

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Laser Photonics Corporation and its officers or directors [1] Group 1: Company Compliance Issues - On May 29, 2025, Laser Photonics disclosed that it received a notice from Nasdaq regarding non-compliance with listing rules due to delinquent filings, specifically the Form 10-Q for the period ended March 31, 2025, and the Form 10-K for the period ended December 31, 2024 [3] - The company has until June 16, 2025, to submit a plan to regain compliance with these delinquent reports [3] - The delay in filings was attributed to the acquisition of certain assets from CMS in November 2024 for approximately $1 million [3] Group 2: Market Reaction - Following the news of the compliance issues, Laser Photonics' stock price fell by $0.16 per share, or 6.53%, closing at $2.29 per share on May 30, 2025 [3]

Revenue Performance - For the three months ending September 30, 2024, the company recognized revenue of $716,697, a decrease of $586,508 compared to $1,303,205 in the same period of 2023[110]. - For the nine months ending September 30, 2024, the company recognized revenue of $2,083,123, down by $861,714 from $2,944,837 in the same period of 2023[111]. - Approximately 92% of revenues for the first quarter of 2022 and 91% for the full 2021 fiscal year were from customers using products for materials processing[97]. Net Income and Loss - The company's net income for the three months ending September 30, 2024, was $(1,625,268), compared to $(895,109) in the same period of 2023[111]. - For the three months ending September 30, 2024, the company reported a net loss of $1,625,268, compared to a net loss of $895,109 for the same period in 2023[122]. Working Capital and Cash Position - The total working capital as of September 30, 2024, was $3,879,770, a decrease from $8,262,302 on December 31, 2023[104]. - The company had $2,121,760 in cash as of September 30, 2024, down from $8,310,518 in the same period of 2023[103]. Operational Performance - EBITDA for the three months ending September 30, 2024, was $(1,235,616), compared to $(742,899) in the same period of 2023[114]. - The EBITDA for the three months ending September 30, 2024, was $(1,235,616), while for the same period in 2023, it was $(742,899), indicating a decline in operational performance[122]. - Adjusted EBITDA for the nine months ending September 30, 2024, was $(2,271,742), compared to $(2,495,314) for the same period in 2023, showing an improvement in adjusted operational performance[122]. - Depreciation and amortization for the three months ending September 30, 2024, was $238,617, up from $152,210 in 2023, reflecting increased asset usage[122]. Supply Chain and Development - The company experienced increased lead times for certain parts and components, particularly electronic components, impacting supply chain and logistics[93]. - The company plans to continue investing in research and development to improve existing technologies and develop new products, systems, and applications[101]. - The company is developing the CleanTech™ product line, aimed at providing high-power laser cleaning systems for various material processing operations[91]. Financial Transparency and Risk Management - The company did not incur any interest expenses during the reported periods, indicating no outstanding borrowings[125]. - There were no off-balance sheet arrangements as of September 30, 2024, ensuring transparency in financial reporting[123]. - The company has not utilized any derivative financial instruments, which minimizes exposure to market volatility[125]. - The company is classified as a "smaller reporting company," which affects the regulatory information it is required to provide[124]. - The company does not currently operate facilities outside the United States, reducing exposure to foreign currency fluctuations[125]. - The company’s financial condition is not materially affected by interest rate risk or foreign currency exchange rate changes[125].

Core Viewpoint - Johnson Fistel, LLP is investigating potential violations of securities laws by Laser Photonics Corp. related to misrepresentation and failure to disclose adverse information to investors, following allegations of fraudulent activities by the company's founder [1][3]. Group 1: Investigation Details - The investigation is prompted by a report from Capybara Research, which claims that Laser Photonics has engaged in sustained fraudulent activities [3]. - Concerns have been raised regarding the operational transparency of Laser Photonics, suggesting that the company may have withheld essential financial data from investors [4]. - The company recently issued a restatement of its financials, casting doubt on the accuracy of its previous six financial reports, indicating potential discrepancies in its reported financial health [5]. Group 2: Investor Information - Investors who purchased Laser Photonics securities and suffered losses are encouraged to join the investigation, with no cost or obligation involved [2]. - Individuals with relevant nonpublic information are advised to consider assisting the investigation or utilizing the SEC Whistleblower program, which may offer rewards for original information leading to successful recoveries [6]. Group 3: Firm Background - Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices across multiple states, representing individual and institutional investors in securities class action lawsuits [7].

Core Viewpoint - Holzer & Holzer, LLC is investigating Laser Photonics Corp. for potential violations of federal securities laws following allegations of using outdated technology and misleading investors [1] Company Investigation - Capybara Research published a report on October 1, 2024, claiming that Laser Photonics is repackaging old assets from previous failed ventures to deceive investors [1] - The report led to a decline in the stock price of Laser Photonics [1] Legal Rights and Representation - Investors who purchased Laser Photonics stock and incurred losses are encouraged to contact Holzer & Holzer for legal representation [2] - Holzer & Holzer is recognized as a top-rated securities litigation law firm, having recovered hundreds of millions of dollars for shareholders affected by corporate misconduct [3]

Core Insights - Laser Photonics Corp. is under investigation for possible securities fraud, with a potential class action being considered for affected investors [1][3] - The company's shares dropped over 13% following allegations of long-term fraud and misleading practices by its founder [3] - Recent financial restatements indicate that none of the last six financial reports can be deemed reliable, raising concerns about the company's valuation [4] Group 1 - The Portnoy Law Firm has initiated an investigation into Laser Photonics, encouraging investors who lost money to contact them for potential recovery options [1][2] - A report from Capybara Research claims that Laser Photonics has concealed crucial financial information and engaged in misleading business practices [3] - The company recently conducted a private placement of shares at a significantly lower price than the current market value, suggesting awareness of its unsustainable valuation [4] Group 2 - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [5]

Core Viewpoint - Laser Photonics Corp. is under investigation for potential securities law violations following a report alleging fraud by its founder, leading to a significant drop in share price [2][5]. Group 1: Company Allegations - Shares of Laser Photonics Corp. fell over 13% on October 1 due to a report from Capybara Research, which claims the company has been involved in a long-running fraud orchestrated by its founder, Dmitri Nikitin [2]. - The report accuses Laser Photonics of concealing critical financial information and engaging in deceptive business practices [2]. - The company recently restated its financials, admitting that none of its last six reports can be relied upon, indicating serious issues with its financial disclosures [3]. Group 2: Financial Actions - A recent private placement of shares was conducted at a value significantly lower than the current market price, suggesting that the company is aware of its unsustainable valuation [3]. Group 3: Legal Actions and Support - Block & Leviton is investigating whether Laser Photonics committed securities law violations and may file an action to recover losses for affected investors [5]. - Investors who have lost money on their Laser Photonics investment are encouraged to contact Block & Leviton for potential recovery options [4][6].

Core Insights - Laser Photonics Corporation is under investigation for potential violations of federal securities laws and unlawful business practices [1] - The company disclosed that its previously issued financial statements for the year ended December 31, 2023, and the period ended June 30, 2024, should no longer be relied upon due to an overstatement of deferred revenue identified by its predecessor auditor [2] - Following this announcement, Laser Photonics' stock price dropped by $6.90, or 36.7%, closing at $11.90 per share on September 25, 2024 [2] Company Information - Bragar Eagel & Squire, P.C. is a law firm representing investors in complex litigation, including securities and derivative cases [4] - The firm is based in New York and California and has a national presence in representing both individual and institutional investors [4]

Financial Data and Key Metrics Changes - Revenue decreased by 35.5% to $0.6 million, with CleanTech accounting for over 80% of the revenue mix [7] - Gross profit margin fell to 51% compared to 71% in the previous year [7] - Operating loss increased to negative $2.1 million in Q2 2024 from negative $0.7 million last year [7] - Net loss decreased by 67% to $2.1 million, with loss per share decreasing by 122% to negative $0.20 per share [7] Business Line Data and Key Metrics Changes - CleanTech remains the dominant segment, contributing over 80% to total revenue [7] - New product lines, including SaberTech laser cutting tools and Laser Shield Anti-Drone systems, were introduced to enhance the product portfolio [4][6] Market Data and Key Metrics Changes - The company has built an estimated pipeline of over $70 million, which is expected to improve results in 2024 and support medium to long-term growth [6] Company Strategy and Development Direction - The company is focusing on sales and marketing investments, including a partnership with Echelon 1 to advance CleanTech systems for the Department of Defense [3] - Continuous investment in R&D and product development is aimed at maintaining a technological advantage over competitors [3] - A task force has been formed to optimize marketing strategies and enhance operational excellence [5] Management's Comments on Operating Environment and Future Outlook - Management noted that approximately $1 million in revenue was deferred into the second half of the year due to delays in customer capital expenditure approvals, but they do not see this as a long-term issue [2] - The company is optimistic about future growth prospects, supported by new products and increased sales efforts [6] Other Important Information - A change in accounting treatment has led to higher operating expenses, impacting reported losses [7] - A private placement raised a net total of $2.6 million to support investments in key areas [8] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.