Laser Photonics Receives Purchase Order for OEM-Customized Laser Marking System to Support European Industrial Project ELEMENT--Back to the NewsroomLaser Photonics Receives Purchase Order for OEM-Customized Laser Marking System to Support European Industrial ProjectSale of MarkStar Pro Handheld Laser System Underscores Growing Demand for Precision Surface Material Removal Solutions; Follow-on Orders ExpectedORLANDO, FL / ACCESS Newswire/ March 24, 2026 / Laser Photonics Corporation (NASDAQ:LASE) ("Laser Pho ...

Financial Data and Key Metrics Changes - Fourth quarter revenue increased by 17% year-over-year and 9% sequentially, driven by stabilization in industrial demand and growth in medical and advanced applications [5][10] - Full-year revenue grew by 3%, marking the first full-year revenue growth since 2021 [6] - GAAP gross margin was 36.1%, while adjusted gross margin was 37.6%, impacted by planned inventory management and tariffs [21][22] - GAAP net income was $13 million or $0.31 per diluted share, with adjusted net income at $20 million, resulting in earnings per diluted share of $0.46 [23] Business Line Data and Key Metrics Changes - Materials processing revenue increased by 17% year-over-year, with stable demand in welding and increased demand in battery and additive manufacturing applications [5][18] - Medical sales grew by 21% year-over-year, driven by new product traction and a major customer win [8][9] - Revenue from applications outside of materials processing increased by 15%, with significant growth in medical and advanced applications [18] Market Data and Key Metrics Changes - North America sales increased by 21% sequentially and 23% year-over-year, driven by higher revenue in cutting, cleaning, medical, and advanced applications [19] - Europe sales increased by 8% sequentially and 7% year-over-year, with strong growth in additive manufacturing and cleaning [19] - Asia revenue improved by 5% sequentially and 19% year-over-year, primarily due to higher welding sales in China [20] Company Strategy and Development Direction - The company is focusing on strengthening its position in core industrial applications while penetrating new non-industrial markets [12] - Growth initiatives in medical, micromachining, and defense are key investment priorities, with expectations for continued momentum into 2026 [11][12] - The company aims to expand its addressable market by integrating laser technology with applications expertise to address complex customer challenges [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding improving market conditions and customer demand, despite ongoing macroeconomic uncertainties [10][11] - Strong bookings in Q4 resulted in a book-to-bill ratio above one, indicating positive demand trends [10][26] - The company plans to maintain a balanced capital allocation strategy, investing in growth while returning capital to shareholders [25] Other Important Information - The company received FDA clearance for a next-generation urology system, enhancing its medical product offerings [9] - The cleanLASER acquisition has generated revenue synergies and contributed to growth in the cleaning segment [14][15] - The company has authorized a new $100 million share repurchase program to continue returning capital to shareholders [25] Q&A Session Summary Question: Thoughts on cutting revenue stability and long-term growth targets - Management noted that cutting revenue has stabilized and is expected to grow alongside investments in core markets [32][33] Question: Update on Directed Energy investment and market interest - Management reported strong customer interest in the Crossbow system for military and civilian applications, with plans for future product enhancements [37][38] Question: Margin improvement and revenue levels for fixed cost absorption - Management indicated that revenue levels above $270 million would help improve gross margins, with ongoing cost reduction initiatives in place [40][41] Question: Plans for investment in Directed Energy applications - Management confirmed a roadmap for increasing power levels in Directed Energy products, targeting smaller class drones [45] Question: Expectations for new medical products in 2026 - Management anticipates significant growth in medical sales, with new product launches planned for 2026 [46][47] Question: Competitive environment updates, especially in Asia - Management stated that pricing pressures are minimal in differentiated markets, with strong demand in battery and advanced applications [62] Question: Variability in bookings by region - Management reported broad-based order activity, with North America and Asia showing strong performance, while Europe is improving [68]

Core Viewpoint - The company Inno Laser has developed the XBC laser graphic equipment featuring self-developed lasers and a dual-track mirror structure, which enhances production capacity and flexibility [1] Group 1: Product Features - The XBC laser graphic equipment utilizes a dual-track configuration, each equipped with two independent laser processing systems [1] - The equipment is primarily used for etching masks, preparing PN junction cross-finger structures, PN junction isolation, and passivation film grooving [1] - The device has already undergone mass production verification at customer sites [1]

Group 1 - The third-generation autonomous superconducting quantum computer "Benyuan Wukong" has been commercially deployed in multiple locations across China, with three different versions operating in supercomputing centers, universities, and relevant departments, supporting major national research projects and talent cultivation in quantum information [1] - A research team from Harbin Institute of Technology has made significant breakthroughs in laser technology, developing a new type of laser source that allows for free control of emitted wavefronts, enhancing applications in communication, computing, perception, and imaging [1] - India's first domestically manufactured chip is set to be launched this year, with six semiconductor factories accelerating construction to achieve mass production of "Make in India" chips [1] - The world's first 80,000-ton ocean farming vessel "Senhai Pioneer" has been delivered, marking a breakthrough in China's deep-sea intelligent and large-scale aquaculture equipment sector [1]

Core Viewpoint - Lumibird Group's subsidiary, Lumibird Photonics Sweden AB, has secured orders worth approximately 5 million Euro from Rheinmetall Air Defense for Vidar laser rangefinders to be integrated into the Skyranger 30 air defense system, highlighting the strategic importance of Lumibird's technology in defense applications [1][2]. Group 1: Company Overview - Lumibird is a leading European specialist in laser technologies, focusing on advanced applications in defense, scientific, and medical fields [4]. - The company offers a wide range of high-performance laser systems, including laser rangefinders, laser designators, and LIDAR technology for various applications [4]. - Lumibird was formed from the merger of Keopsys and Quantel Groups in October 2017 and has over 1,000 employees with sales of €207.1 million in 2024 [5]. Group 2: Recent Developments - The orders for the Vidar laser rangefinder represent a significant milestone for Lumibird Photonics Sweden, reinforcing collaboration with Rheinmetall Air Defense [2]. - The Vidar laser rangefinder utilizes advanced solid-state diode-pumped Erbium: glass laser technology, optimized for ground-based air defense and naval applications [2]. - Deliveries and contract obligations for the rangefinders are scheduled from 2025 to 2028, indicating a long-term partnership [1][2]. Group 3: Market Position - Lumibird is recognized as one of the world's leading laser specialists with over 50 years of experience in solid-state, diode, and fiber laser technologies [4]. - The company is a member of Euronext Tech Leaders since 2022, indicating its strong market presence and performance [5].