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Laser Photonics Corp
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
38.32M
Op. Cash Flow
$-6.39M
Business
Laser Photonics Corporation is a vertically integrated manufacturer of photonics-based industrial laser systems for materials processing. The company produces laser blasting (cleaning) equipment under its CleanTech brand to replace sandblasting and abrasive blasting, serving automotive, aerospace, defense, pharmaceutical, shipbuilding, and heavy industries. Core segments include handheld laser blasters, enclosed laser cabinets, automated Class I systems with AI-controlled robotics, plus acquired capabilities in pharmaceutical laser marking (CMS) and IR fiber laser marking (Beamer Laser); the company markets globally through direct sales and a Service Partner Network for small and medium businesses.
Summary from 10-K filed 2026-04-20
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | Trend | 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 | Trend | 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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Frequently asked questions
What is Laser Photonics Corp's CIK number?
Laser Photonics Corp's SEC CIK number is 0001807887 (1807887). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Laser Photonics Corp's SEC filings?
All of Laser Photonics Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.