Laser Photonics (US:LASE)2025-12-22 22:44Revenue and Profitability - Revenue for the nine months ended September 30, 2025, was $5,808,541, representing a 179% increase compared to $2,083,123 in the same period of 2024[127] - Gross profit for the nine months ended September 30, 2025, was $2,344,876, with a gross margin of 40%, down from a gross margin of 62.92% in the same period of 2024[127] - For the three months ended September 30, 2025, revenue was $919,284, an increase of 28% from $716,697 in the same period of 2024[128] Losses and Expenses - The net loss for the three months ended September 30, 2025, was $4,655,608, compared to a net loss of $1,625,268 in the same period of 2024[132] - Selling, general, and administrative (SG&A) expenses for the nine months ended September 30, 2025, were $4,274,873, up from $2,802,725 in the same period of 2024[131] - The company expects SG&A expenses to increase in the near term as it expands sales and marketing efforts to support growth[129] - The company's EBITDA for the three months ended September 30, 2025, was $(2,918,263), while for the same period in 2024, it was $(1,235,616), indicating a decline[148] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(4,885,948), compared to $(2,271,742) for the same period in 2024, reflecting a worsening performance[148] - Interest expense for the three months ended September 30, 2025, was $2,357,790, up from $1,445,390 in 2024[148] Cash and Liabilities - As of September 30, 2025, the company had cash of $3,624,529, with current liabilities of $9,113,872, resulting in a working capital deficit of $2,346,825[135] Strategic Initiatives - The acquisition of Beamer Laser Marking Systems is expected to enhance revenue mix starting in Q4 2025 and into 2026[114] - The company plans to continue investing in research and development to improve existing technologies and develop new products[126] Supply Chain and Operational Challenges - The company is experiencing increased lead times for certain parts and components, particularly electronic components, due to supply chain constraints[119] Financial Reporting and Metrics - The company believes that EBITDA and Adjusted EBITDA provide useful insights into underlying business operations and trends[147] - The company emphasizes that non-GAAP measures like EBITDA and Adjusted EBITDA should be used as supplements to GAAP results, not substitutes[146] - The company’s financial metrics are aimed at enhancing understanding of past performance and future prospects for investors[145] - The company did not have any off-balance sheet arrangements as of September 30, 2025[149] - There were no derivative financial instruments utilized, and the company reported no borrowings, indicating no exposure to interest rate risk[150] - The company has not reported any sales or owned assets outside the United States, minimizing exposure to foreign currency fluctuations[150]