Laser Photonics (LASE)
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Laser Photonics (LASE) - 2023 Q3 - Quarterly Report
2023-11-14 22:01
[PART I – FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) This section presents Laser Photonics Corporation's unaudited condensed financial statements, including balance sheets, profit and loss, cash flows, and shareholders' equity, with detailed accounting notes [Condensed Balance Sheets](index=2&type=section&id=CONDENSED%20BALANCE%20SHEETS) The company's total assets decreased from $19.69 million at December 31, 2022, to $16.79 million at September 30, 2023, primarily due to a decrease in cash and cash equivalents Condensed Balance Sheet Summary (in USD) | Metric | Sep 30, 2023 (Unaudited) | Dec 31, 2022 | | :-------------------------------- | :----------------------- | :----------- | | **ASSETS** | | | | Cash and Cash Equivalents | $8,310,519 | $12,181,799 | | Total Current Assets | $12,643,972 | $15,295,630 | | Total Assets | $16,788,482 | $19,694,592 | | **LIABILITIES & SHAREHOLDERS' EQUITY** | | | | Total Current Liabilities | $585,665 | $1,715,897 | | Total Liabilities | $821,758 | $2,203,459 | | Total Stockholders' Equity | $15,966,723 | $17,491,133 | [Statement of Profit and Loss](index=3&type=section&id=STATEMENT%20OF%20PROFIT%20AND%20LOSS) For the three months ended September 30, 2023, the company reported a net loss of $1.10 million, a significant decline from a net income of $0.21 million in the prior year, primarily driven by increased operating expenses Statement of Profit and Loss Summary (in USD) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | | Net Revenue | $1,239,554 | $1,224,450 | $3,444,649 | $3,790,176 | | Gross Profit | $906,228 | $553,355 | $2,586,332 | $2,286,096 | | Total Operating Expenses | $2,002,625 | $338,265 | $5,085,742 | $1,363,712 | | Operating Income (Loss) | $(1,096,396) | $215,090 | $(2,499,410) | $922,384 | | Net Income (Loss) | $(1,096,396) | $205,090 | $(2,499,410) | $904,990 | | Basic EPS | $(0.13) | $0.04 | $(0.31) | $0.19 | - Gross margin as a percentage of revenue improved significantly for both the three and nine months ended September 30, 2023, reaching **73%** and **75%** respectively, up from **45%** and **60%** in the prior year periods, primarily due to a favorable product mix and effective utilization of production facilities[64](index=64&type=chunk) [Statements of Cash Flows](index=4&type=section&id=STATEMENTS%20OF%20CASH%20FLOWS) The company experienced a significant net cash outflow from operating activities of $3.55 million for the nine months ended September 30, 2023, a reversal from a net inflow of $0.10 million in the prior year, leading to a substantial decrease in overall cash Statements of Cash Flows Summary (in USD) | Cash Flow Activity | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :-------------------------------- | :-------------------------- | :-------------------------- | | Net Cash Flow from Operating Activities | $(3,545,702) | $102,532 | | Net Cash Flow from Investing Activities | $(325,580) | $(7,283) | | Net Cash Flow from Financing Activities | $- | $(479,012) | | Net Change in Cash | $(3,871,282) | $(383,763) | | Cash - End of Period | $8,310,519 | $231,986 | - Common Stock issued to pay Stock Compensation for Marketing amounted to **$829,500** for the nine months ended September 30, 2023[16](index=16&type=chunk) [Statements of Shareholders' Equity](index=4&type=section&id=STATEMENTS%20OF%20SHAREHOLDERS'%20EQUITY) Total stockholders' equity decreased from $17.49 million at December 31, 2022, to $15.97 million at September 30, 2023, primarily due to a net loss of $2.50 million, partially offset by common stock issued for $0.98 million Statements of Shareholders' Equity Summary (in USD) | Metric | Balance, Dec 31, 2022 | Net Loss (9 Months) | Common Stock Issued | Balance, Sep 30, 2023 | | :---------------------- | :-------------------- | :------------------ | :------------------ | :-------------------- | | Common Stock Shares | 7,878,419 | - | 375,000 | 8,253,419 | | Common Stock Amount | $78,783 | - | $3,750 | $82,533 | | Additional Paid in Capital | $18,140,520 | - | $971,250 | $19,111,770 | | Accumulated Deficit | $(728,170) | $(2,499,410) | - | $(3,227,580) | | Total Stockholders' Equity | $17,491,133 | $(2,499,410) | $975,000 | $15,966,723 | - A correction of stock compensation related errors resulted in a **$71,250** reduction in Additional Paid in Capital for the three months ended September 30, 2023[21](index=21&type=chunk) [Notes to Financial Statements](index=5&type=section&id=NOTES%20TO%20FINANCIAL%20STATEMENTS) The notes provide context for the unaudited financial statements, detailing the basis of presentation, significant accounting policies, revenue recognition, inventory, property, intangible assets, leases, stock-based compensation, related party transactions, earnings per share, commitments, and subsequent events [NOTE 1 – BASIS OF PRESENTATION](index=5&type=section&id=NOTE%201%20%E2%80%93BASIS%20OF%20PRESENTATION) - The unaudited condensed financial statements are prepared in accordance with U.S. GAAP and SEC rules for interim financial information, and should be read in conjunction with the 2022 Form 10-K[22](index=22&type=chunk)[23](index=23&type=chunk) [NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES & USE OF ESTIMATES](index=6&type=section&id=NOTE%202%20%E2%80%93%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES%20%26%20USE%20OF%20ESTIMATES) - There have been no material changes to the company's significant accounting policies during the nine months ended September 30, 2023, from those disclosed in the 2022 Form 10-K[24](index=24&type=chunk) [NOTE 3 – REVENUE](index=6&type=section&id=NOTE%203%20%E2%80%93%20REVENUE) - Revenue is generally recognized when control of goods or services is transferred to customers, primarily on an FOB Origin basis for product sales, meaning title transfers upon placement in the collection warehouse[26](index=26&type=chunk) - During the three months ended September 30, 2023, the Company repurchased four units from two foreign resellers, increasing inventory by **$479,634** and bad debt expense by **$32,501**[28](index=28&type=chunk) [NOTE 4 – ACCOUNTS RECEIVABLE](index=6&type=section&id=NOTE%204%20%E2%80%93%20ACCOUNTS%20RECEIVABLE) Accounts Receivable Summary (in USD) | Metric | Sep 30, 2023 | Sep 30, 2022 | | :---------------------- | :----------- | :----------- | | Collectible Accounts Balance | $1,656,258 | $1,248,045 | | Bad Debt Expense (3 Months) | $164,534 | $- | | Bad Debt Expense (9 Months) | $365,263 | $- | - Bad debt expenses were reclassified as part of General & Administrative expenses in the statement of profit & loss from other income/(expense) in the first and second quarters of 2023[29](index=29&type=chunk) [NOTE 5 – INVENTORY](index=6&type=section&id=NOTE%205%20%E2%80%93%20INVENTORY) Inventory Composition (in USD) | Inventory Type | Sep 30, 2023 | Dec 31, 2022 | | :--------------------- | :----------- | :----------- | | Equipment Parts Inventory | $759,930 | $806,506 | | Finished Goods Inventory | $705,905 | $254,656 | | Sales Demo Inventory | $802,877 | $647,790 | | Work in Process Inventory | $294,971 | $31,434 | | Total Inventory | $2,610,259 | $1,693,810 | [NOTE 6 – PROPERTY, PLANT AND EQUIPMENT](index=7&type=section&id=NOTE%206%20%E2%80%93%20PROPERTY%2C%20PLANT%20AND%20EQUIPMENT) Property, Plant and Equipment (in USD) | Asset Category | Sep 30, 2023 | Dec 31, 2022 | | :-------------------------- | :----------- | :----------- | | Machinery & Equipment | $799,094 | $797,695 | | Office Furniture & Computer Equipment | $204,343 | $80,909 | | Vehicles | $154,085 | $9,989 | | Accumulated Depreciation | $(454,614) | $(298,718) | | Total Property, Plant and Equipment | $760,588 | $627,848 | - Depreciation expense for property, plant and equipment increased significantly, from **$28,048** to **$86,166** for the three months ended September 30, 2023, and from **$82,600** to **$155,896** for the nine months ended September 30, 2023[32](index=32&type=chunk) [NOTE 6 – INTANGIBLE ASSETS](index=7&type=section&id=NOTE%206%20%E2%80%93%20INTANGIBLE%20ASSETS) Intangible Assets (in USD) | Intangible Asset | Sep 30, 2023 | Dec 31, 2022 | | :----------------------- | :----------- | :----------- | | Equipment Design Documentation | $2,675,000 | $2,675,000 | | Operational Software & Website | $342,414 | $305,470 | | Trademarks | $216,800 | $216,800 | | Customer Relationships | $211,000 | $211,000 | | Accumulated Amortization | $(649,627) | $(469,229) | | Total Intangible Assets | $2,795,587 | $2,939,041 | - Amortization expense for intangible assets increased from **$56,805** to **$66,044** for the three months ended September 30, 2023, and from **$176,294** to **$180,398** for the nine months ended September 30, 2023[33](index=33&type=chunk) [NOTE 7 – LEASES](index=7&type=section&id=NOTE%207%20%E2%80%93%20LEASES) Operating Lease Expense (in USD) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :-------------------- | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | | Operating Lease Expense | $91,063 | $45,289 | $272,733 | $135,867 | - The increase in lease expense is due to the addition of a second leased facility for the Sales and Marketing group, aligning with the company's strategic plan to improve market reach and growth[35](index=35&type=chunk) [NOTE 8 – STOCK-BASED COMPENSATION](index=8&type=section&id=NOTE%208%20%E2%80%93%20STOCK-BASED%20COMPENSATION) - The company corrected a net impact of revaluation for SG&A expenses related to stock awards, resulting in reduced SG&A for the three months ended September 30, 2023[37](index=37&type=chunk) [NOTE 9 – RELATED PARTY TRANSACTIONS](index=8&type=section&id=NOTE%209%20%E2%80%93%20RELATED%20PARTY%20TRANSACTIONS) Related Party Transactions (in USD) | Service | 3 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2023 | | :-------------------- | :-------------------------- | :-------------------------- | | Accounting & Management Services | $23,100 | $68,686 | - ICT Investments provides accounting and various management services to the Company[38](index=38&type=chunk) [NOTE 10 – NET EARNINGS/LOSS PER SHARE](index=8&type=section&id=NOTE%2010%20%E2%80%93%20NET%20EARNINGS%2FLOSS%20PER%20SHARE) - As of September 30, 2023, the Company had no outstanding agreements that would have a dilutive effect on earnings per share[39](index=39&type=chunk) [NOTE 11 – COMMITMENTS AND CONTINGENCIES](index=8&type=section&id=NOTE%2011%20%E2%80%93%20COMMITMENTS%20AND%20CONTINGENCIES) - The Company's only commitments involve building leases in Orlando, FL[40](index=40&type=chunk) [NOTE 12 – SUBSEQUENT EVENTS](index=8&type=section&id=NOTE%2012%20%E2%80%93%20SUBSEQUENT%20EVENTS) - Between October 2 and October 13, 2023, the Company repurchased **24,937** shares at fair market value[41](index=41&type=chunk) - On October 17, 2023, the Company entered a one-year lease for an additional **9,000 square feet** adjoining its manufacturing facility, to be used as a Customer Experience Center for sales and marketing[41](index=41&type=chunk) - On October 18, 2023, the Company entered a license agreement with Fonon Technologies, Inc. for exclusive, worldwide, nontransferable rights to High Power Turbo Piercing laser cutting technology, in exchange for **$350,000** cash and **1,000,000** restricted shares of common stock[42](index=42&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=8&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the company's financial condition and operational results, highlighting the business model, key factors, and a detailed analysis of revenue, gross margin, operating expenses, net loss, and liquidity [Business Overview](index=9&type=section&id=Business) - Laser Photonics Corporation is a vertically integrated manufacturer of photonics-based industrial products, specializing in disruptive laser cleaning technologies[48](index=48&type=chunk) - The company aims to stay ahead technologically by developing cutting-edge products, including the CleanTech™ product line, targeting both large and small businesses previously unable to afford laser processing equipment[50](index=50&type=chunk) [Factors and Trends That Affect Our Operations and Financial Results](index=9&type=section&id=Factors%20and%20Trends%20That%20Affect%20Our%20Operations%20and%20Financial%20Results) The company's operations and financial results are significantly influenced by supply chain constraints, foreign exchange rate fluctuations, rising interest rates, and global inflation, impacting costs and customer spending - Increased lead times for electronic components and broader supply chain/logistics constraints are expected to continue, potentially impacting product supply and customer demand[52](index=52&type=chunk) - Foreign currency fluctuations, particularly the strengthening U.S. dollar, adversely affect sales from overseas customers and increase cost of goods sold through supply chain expenses[53](index=53&type=chunk)[59](index=59&type=chunk) - Rising interest rates have caused customers to delay capital equipment spending, negatively impacting business in the short term, though the company expects the industry to re-adjust[54](index=54&type=chunk)[58](index=58&type=chunk) - General inflation has increased raw material costs, other inputs, and salaries, negatively impacting gross margin and operating expenses, and may cause customers to reduce or delay orders[55](index=55&type=chunk) [Results of Operations](index=10&type=section&id=Results%20of%20Operations) Net revenue for the three months ended September 30, 2023, saw a slight increase, but decreased for the nine-month period due to supply chain delays and reduced capital expenditure; gross profit and margin significantly improved, but a substantial increase in SG&A expenses led to a net loss Results of Operations Summary (in USD) | Metric | 3 Months Ended Sep 30, 2023 | 3 Months Ended Sep 30, 2022 | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | :-------------------------- | | Net Revenue | $1,239,554 (1.2% YoY) | $1,224,450 | $3,444,649 (-9.1% YoY) | $3,790,176 | | Gross Profit | $906,228 (64% YoY) | $553,355 | $2,586,332 (13% YoY) | $2,286,096 | | Gross Margin % | 73% | 45% | 75% | 60% | | Total SG&A Expenses | $1,850,414 | $253,412 | $4,749,448 | $1,104,818 | | Net Income (Loss) | $(1,096,396) | $205,090 | $(2,499,410) | $904,990 | - The decrease in nine-month revenue was primarily due to a major delay in the supply chain for critical components of the LPC2000CTH laser blasting model and delayed capital expenditure spending by major customers[64](index=64&type=chunk) - The significant increase in SG&A expenses is attributed to the strategic plan to increase market reach and sales force, higher personnel costs, professional service fees, SEC compliance costs, and bad debt expenses[66](index=66&type=chunk) [Liquidity and Capital Resources](index=11&type=section&id=Liquidity%20and%20Capital%20Resources) The company's cash and cash equivalents significantly decreased from $12.18 million at December 31, 2022, to $8.31 million at September 30, 2023, primarily due to substantial cash used in operating activities, leading to a decrease in total working capital Liquidity and Capital Resources Summary (in USD) | Metric | Sep 30, 2023 | Dec 31, 2022 | | :-------------------------- | :----------- | :----------- | | Cash and Cash Equivalents | $8,310,519 | $12,181,799 | | Total Working Capital | $12,058,306 | $13,579,732 | Cash Flow Activities (in USD) | Cash Flow Activity | 9 Months Ended Sep 30, 2023 | 9 Months Ended Sep 30, 2022 | | :-------------------------------- | :-------------------------- | :-------------------------- | | Net cash provided by (used in) Operating Activities | $(3,545,702) | $102,532 | | Net cash used in Investing Activities | $(325,580) | $(7,283) | | Net cash provided by (used in) Financing Activities | $- | $(479,012) | | Net Change in Cash | $(3,871,282) | $(383,763) | [Off-Balance Sheet Arrangements](index=11&type=section&id=Off-Balance%20Sheet%20Arrangements) - The Company did not engage in any off-balance sheet arrangements during the nine months ended September 30, 2023[71](index=71&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=12&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Laser Photonics Corporation is not required to provide quantitative and qualitative disclosures about market risk - The company is a smaller reporting company and is not required to provide information on market risk[72](index=72&type=chunk) [Item 4. Controls and Procedures](index=12&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2023, and steps were taken to address a previously identified material weakness in internal controls - Disclosure controls and procedures were deemed effective as of the evaluation date by the CEO and CFO[73](index=73&type=chunk) - To address a material weakness in internal controls identified in the 2022 audit, the company hired a Chief Financial Officer with a CPA credential and extensive experience, and engaged a third-party for accounting staff to enhance segregation of duties[74](index=74&type=chunk) [PART II – OTHER INFORMATION](index=12&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=12&type=section&id=Item%201.%20Legal%20Proceedings) The company is not involved in any legal proceedings expected to have a material adverse effect on its business, financial condition, or results of operations - The company is not involved in any legal proceedings that are believed to have a material adverse effect on its business[76](index=76&type=chunk) [Item 1A. Risk Factors](index=12&type=page&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, Laser Photonics Corporation is not required to provide a discussion of risk factors - Risk factors disclosure is not applicable to a smaller reporting company[77](index=77&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=12&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the reported period - No sales of unregistered securities occurred during the reported period[78](index=78&type=chunk) [Item 3. Defaults Upon Senior Securities](index=12&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - There were no defaults upon senior securities[79](index=79&type=chunk) [Item 4. Mine Safety Disclosures](index=12&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Mine safety disclosures are not applicable to the company - Mine Safety Disclosures are not applicable[80](index=80&type=chunk) [Item 5. Other Information](index=12&type=section&id=Item%205.%20Other%20Information) No other information was reported under this item - No other information was reported[81](index=81&type=chunk) [Item 6. Exhibits](index=12&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications from the principal executive and financial officers, and XBRL data files Exhibits Filed | Exhibit Number | Description | | :------------- | :------------------------------------------------------------------- | | 31.1 | Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer | | 31.2 | Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial and accounting officer | | 32.1 | Section 1350 Certification of principal executive officer | | 32.2 | Section 1350 Certification of principal financial and accounting officer | | 101* | XBRL data files of Financial Statements and Notes | - XBRL data files are deemed "furnished" and not "filed" in accordance with Regulation S-T[84](index=84&type=chunk) [Signatures](index=13&type=section&id=Signatures) The report is duly signed on behalf of Laser Photonics Corporation by its President and CEO, Wayne Tupuola, and CFO, Jade Barnwell, on November 14, 2023 - The report was signed by Wayne Tupuola, President and Chief Executive Officer, and Jade Barnwell, Chief Financial Officer, on November 14, 2023[86](index=86&type=chunk)
Laser Photonics (LASE) - 2023 Q2 - Earnings Call Transcript
2023-08-18 01:20
Laser Photonics Corporation (NASDAQ:LASE) Q2 2023 Results Conference Call August 15, 2023 10:00 AM ET Company Participants Brian Siegel - IR Wayne Tupuola - CEO Jade Barnwell - CFO Conference Call Participants Chuck Lipson - CSL Associates Operator Greetings, and welcome to the Laser Photonics Corp.'s Second Quarter Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brian Siegel, Investor Relations. Thank you, sir. You ma ...
Laser Photonics (LASE) - 2023 Q2 - Quarterly Report
2023-08-15 20:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Commission File Number: 000-56166 Laser Photonics Corporation (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ ...
Laser Photonics (LASE) - 2023 Q1 - Quarterly Report
2023-05-10 18:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 000-56166 Laser Photonics Corporation (Exact name of registrant as specified in its charter) ...
Laser Photonics (LASE) - 2022 Q4 - Earnings Call Transcript
2023-04-17 22:00
Laser Photonics Corporation (NASDAQ:LASE) Q4 2022 Results Conference Call April 17, 2023 11:00 AM ET Company Participants Brian Siegel - Senior Managing Director/ Hayden IR Wayne Tupuola - Chief Executive Officer Peter Evans - President William Campbell - Interim CFO Operator Greetings and welcome to the Laser Photonics Fourth Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a re ...
Laser Photonics (LASE) - 2022 Q4 - Annual Report
2023-04-17 17:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ COMMISSION FILE NUMBER LASER PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) State or other jurisdiction of Incorporatio ...
Laser Photonics (LASE) - 2022 Q3 - Quarterly Report
2022-11-14 16:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 000-56166 Laser Photonics Corporation (Exact name of registrant as specified in its char ...
Laser Photonics (LASE) - 2022 Q2 - Quarterly Report
2022-08-15 17:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 Delaware 84-3628771 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1101 N. Keller Road, Suite G Orlando, FL 32810 (Address of Principal Executive Offices) Zip Code For the transition period from __________________ to _____________ ...
Laser Photonics (LASE) - 2022 Q1 - Quarterly Report
2022-05-19 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: ______________ Laser Photonics Corporation (Exact name of registrant as specified in its cha ...
Laser Photonics (LASE) - 2021 Q4 - Annual Report
2022-04-01 18:47
LASER PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Delaware 84-3628771 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO _____ COMMISSION FILE NUMBER State or Other jurisdiction of I ...