Laser Photonics Corp

Listed Company

LASECIK 0001807887NasdaqEmerging GrowthMiscellaneous Electrical Machinery, Equipment & SuppliesWyomingFY ends Dec 31

Period

FY 2025

Revenue

$8.34M

Net Income

$-17.46M

Total Assets

$9.45M

Equity

$-5.04M

Shares Out

32.60M

Op. Cash Flow

$-6.39M

Business

Laser Photonics Corp is a vertically integrated manufacturer of photonics‑based industrial products and laser material processing solutions. It offers a full portfolio of laser blasting and cleaning systems, including handheld and cabinet CleanTech™ units, automated Class I systems, robotic AI‑enabled cells, laser cutting/welding/marking systems, and the Laser Shield Anti‑Drone System. Key business areas include laser blasting/cleaning, robotic and automated production cells, and newly acquired pharmaceutical-focused laser processing via Control Micro Systems. The company markets its products globally through a U.S.-based direct sales force and distributors, with mobile demo vans for field showcases.

Summary from filing dated 2025-06-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Net Sales	8	3	4	—	—
Cost of Sales	7	3	1	2	2
Gross Profit	1	414,994	3	2	2
Sales and marketing	2	2	2	2	410,693
General and administrative	8	4	2	894,521	713,339
Research and development	513,563	578,886	202,259	100,802	—
Impairment of property, plant and equipment	236,717	—	—	—	—
Impairment of intangible assets	4	932,669	—	—	—
Total Operating Expenses	14	7	6	4	2
Operating Loss	−13	−6	−3	−2	611,132
Financing costs additional notes principal added on default	−738,889	—	—	—	—
Interest expense, net	−4	—	—	—	—
Change in fair value of derivative liability	313,892	—	—	—	—
Bargain purchase of acquisition	—	4	—	—	—
Other income (expense), net	−89,165	86,517	—	−17,539	−26,669
Total other income (expenses), net	−4	4	30,063	—	—
Net Loss	−17	−3	−3	−2	584,394
Deemed dividend from software acquisition	—	−7	—	—	—
Deemed dividend on common control acquisition	−9	—	—	—	—
Deemed dividend on cashless exercise of warrants	−6	—	—	—	—
Loss Attributed to Common Shareholders	−33	−9	−3	—	—
Loss per share - basic	−1.02	−0.22	−0.37	−0.18	0.12
Loss per share - diluted	−1.02	−0.22	−0.37	−0.18	0.12
Loss per share (attributable to common shareholders), basic	−1.9	−0.79	−0.37	—	—
Loss per share (attributable to common shareholders), diluted	−1.9	−0.79	−0.37	—	—
Weighted average shares outstanding - basic	17	12	9	—	—
Weighted average shares outstanding - diluted	17	12	9	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-08-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash	650,339	—	533,871	—	—
Accounts receivable, net of allowance for expected credit losses of $0 and $285,486, respectively	547,848	—	973,605	816,364	421,362
Contract assets	258,037	—	759,658	—	—
Inventories, net of reserves of $503,835 and $776,638, respectively	1	—	2	2	1
Deferred financing costs	125,000	—	—	—	—
Prepaid expenses and other current assets	120,825	—	58,567	—	—
Total Current Assets	3	—	5	9	14
Property, plant, and equipment, net	1	—	2	952,811	1
Intangible assets, net	922,701	—	5	4	—
Right-of-use assets	4	—	5	597,143	832,072
Other long-term assets	302,000	—	316,378	—	—
TOTAL ASSETS	9	—	17	15	19
Accrued expenses	918,328	—	266,717	161,538	429,429
Deferred revenue	1	—	55,383	—	0
Contract liabilities	1	—	1	—	—
Lease liability, current	214,044	—	649,989	434,152	344,510
Derivative liability	338,902	652,794	—	—	—
Total Current Liabilities	10	—	3	1	964,326
Lease liability, non-current	4	—	4	162,991	487,562
Total Liabilities	14	—	7	1	1
Commitments and Contingencies (Note 9)	—	—	—	—	—
Preferred shares Par value $0.001: 10,000,000 shares authorized, no shares were issued and outstanding at December 31, 2025 and 2024, respectively	—	—	—	—	0
Common Shares Par Value $0.001: 100,000,000 shares authorized; 22,852,753 and 14,282,395 issued, and 22,845,345 and 14,257,458 outstanding, at December 31, 2025 and 2024, respectively	22,853	—	14,257	9,253	78,783
Treasury shares (7,378 and 24,397 shares, respectively)	−10,003	—	−33,810	−25,240	—
Additional paid in capital	20	—	18	19	18
Shares to be issued	—	—	100,000	—	—
Accumulated deficit	−25	—	−8	−5	−2
Total Stockholders (Deficit) Equity	−5	—	10	14	17
TOTAL LIABILITIES AND STOCKHOLDERS (DEFICIT) EQUITY	9	—	17	15	19

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bargain purchase of acquisition	—	−4	—	—	—
Change in allowance for expected credit losses	−285,486	285,486	—	—	—
Change in inventory reserve	−272,803	—	—	—	—
Depreciation and amortization	1	972,135	523,380	437,832	—
Debt discount amortization	869,236	—	—	—	—
Financing costs from the issuance of notes payable	242,794	—	—	—	—
Shares issued for compensation	2	33,336	145,550	—	—
Shares issued for services	755,900	—	—	—	—
Distribution to affiliate	−4	−6	—	—	—
Impairment of property, plant, and equipment	236,717	—	—	—	—
Impairment of intangible assets	4	932,669	—	—	—
Right-of-use assets	730,222	448,160	—	—	—
Accounts receivable	711,243	176,066	−395,002	−311,192	982,010
Contract assets	501,621	−759,658	—	—	—
Inventory	2	329,100	−1	744,932	381,376
Deferred financing costs	−125,000	—	—	—	—
Prepaid expenses and other current assets	−62,259	14,905	32,910	—	—
Other long-term assets	14,378	−316,378	—	—	—
Accounts payable	1	334,406	—	—	—
Accounts payable related party	321,473	—	—	—	—
Accrued expenses	651,611	56,969	−267,464	391,218	—
Deferred revenue	1	−157,931	213,114	—	—
Contract liabilities	162,917	942,090	—	—	—
Lease liability	−649,988	−272,506	—	—	—
Net cash used in operating activities	−6	−9	−5	−63,376	1
Purchase of property and equipment	−19,477	−352,821	−76,686	—	−9,670
Cash paid for acquisition, net of cash received	—	−625,000	—	—	—
Net cash used in investing activities	−19,477	−977,821	−484,855	−689,250	−229,465
Proceeds from note payable, net of original issuance discount	7	—	—	—	−665,084
Repayment of notes payable	−4	—	—	—	—
Proceeds from note payable related party	751,000	—	—	—	—
Proceeds from the sale of treasury stock	44,235	—	—	—	—
Proceeds from the sale of common shares	3	4	—	—	—
Net cash provided by financing activities	7	4	−25,240	12	−856,786
Net increase (decrease) in cash flow for period	116,468	−6	−6	12	289,036
Cash paid for interest	—	—	39,509	24,426	49,351
Cash paid for income taxes	—	—	—	−109,496	68
Recording of Right-of-Use property lease	—	5	—	—	—
Shares issued for commons shares issuable	100,000	—	—	—	—
Inventory transferred to property, plant and equipment	—	507,931	—	—	—
Property, plant and equipment transferred to inventory	70,309	—	—	—	—
Promissory note to extinguish warrants	362,500	—	—	—	—
Fair value of common stock issued upon cashless exercise of warrant	6	62	—	—	—
Fair value of warrants accounted as a derivative liability	652,794	—	—	—	—
Fair value of common stock issued upon acquisition of entity under common control	8	—	—	—	—
Assets acquired from common controlled entity	255,824	—	—	—	—
Shares issued for license agreement	—	7	—	—	—
Treasury stock adjustment	—	−8,570	—	—	—

Filings

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