By David Willey, Benzinga
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Since the recent triple-digit gains in its stock price, Laser Photonics Corp. (NASDAQ: LASE) is generating a lot of conversation and interest. So who is this company and why the recent attention from the media, investors and traders?
Lasers are disrupting multiple industries including the cutting machinery industry, with a year-to-date value of $1.8 billion, and the sandblasting industry, which according to recent estimates is worth about $540 million and is looking for innovative solutions due to inefficiencies and risks to worker health. As the use of lasers increases, the laser technology market has expanded to a worth of over $11 billion.
Laser Photonics is an integrated laser technology and laser-blasting solutions company that is diversified across industries and is well-positioned in multiple markets. It has garnered a significant amount of attention and discussion from both traders/investors and the press recently, seeing a 60% increase in news coverage with a higher degree of positive media sentiment than the industry average.
Laser Photonics – Market Position Continuing To Get Stronger
Laser Photonics, which has a market cap of $44 million, was only incorporated in 2019, but the company has seen gross profits since 2021. It also has demonstrated fiscal stability, with a positive operating margin and a strong liabilities (or debt) to assets ratio of .097.
It made its initial public offering (IPO) last September, offering $5 a share for gross proceeds of $15 million. Prices slumped shortly after the IPO, but the company’s good financial metrics and continual announcement of positive news meant the stock slowly began regaining value.
Then, in early January the company board announced a stock buyback of $2 million. This prompted a significant boost in investor confidence and saw stock price increase by over 200% YTD as of February 5. The company has since been identified as “one of three” laser stocks to be performing very well on the Dow Jones in Quarter 1.
The company also has been able to release some additional positive news in the new year. This includes making a new product line commercially available, the MARLIN CleanTech 100W Handheld Blasting system. The MARLIN is a laser system specially designed to help smaller marine vessels deal with rust and corrosion. The company also announced its next generation of CleanTech laser systems designed for application by utility companies in their routine cleaning and servicing operations.
Laser Photonics continues to serve numerous Fortune 500 and 1000 companies, and is involved across key industries from the automotive industry to aerospace and from military equipment repair to machine manufacturing.
Other companies involved in photonic and laser productions include IPG Photonics Corporation (NASDAQ: IPGP) and Lumentum Holdings Inc. (NASDAQ: LITE).
Want to read about LASE? Take a deep dive here.
Visit the Laser Photonics website to learn more about what the company is doing in the laser industry.
This article was originally published on Benzinga here.
Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC seeks to disrupt the $46 billion, centuries old, sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. LPC's new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC has quickly gained a reputation as an industry leader for industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries are using LPC's "unique-to-industry" systems.
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Brian Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR