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ORLANDO - Laser Photonics Corporation (NASDAQ:LASE), a small-cap industrial technology company with a market value of $41.6 million, announced Tuesday it has received a third purchase order for its LaserTower MegaCenter from Sun Display Systems, a manufacturer of human-machine interface products for avionics, maritime and ground-based vehicles. According to InvestingPro data, the company has shown strong revenue growth of 23.9% over the last twelve months.
The LaserTower MegaCenter is designed for high-volume industrial production environments and provides non-contact, high-precision markings and engravings across various materials. The system requires minimal maintenance and no consumables, according to the company’s press release. While the company’s innovative products show promise, InvestingPro analysis indicates the company is currently operating with challenges, including short-term obligations exceeding liquid assets with a current ratio of 0.82.
"LPC’s relationship with Sun Display Systems spans over a decade, and we are excited to provide them with our next generation LaserTower Megacenter," said John Armstrong, Executive Vice President of LPC.
Sun Display Systems, based in New Jersey, manufactures human-machine interface products with over 90% of its processes performed in-house.
Laser Photonics describes itself as a vertically integrated manufacturer and R&D center for industrial laser technologies and systems. The company focuses on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications.
The laser marking technology produces permanent marks without physical contact or surface damage and eliminates the need for inks, solvents or mechanical tools, reducing operational costs and environmental impact, according to the statement.
The financial terms of the purchase order were not disclosed in the press release. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 11 additional ProTips and a detailed research report, helping navigate this volatile stock that has experienced significant price movements in recent months.
In other recent news, Laser Photonics Corporation has announced several key developments. The company has regained compliance with Nasdaq’s continued listing requirements after filing its delayed annual report for the fiscal year ended December 31, 2024. This filing satisfied Nasdaq’s annual reporting requirements, closing the related compliance matter. Additionally, Laser Photonics plans to acquire Beamer Laser Marking Systems, which has generated between $3 million and $5 million in unaudited annual revenue from 2022 to 2024. This acquisition will proceed following a 15-day review period by Nasdaq.
Moreover, the company’s subsidiary, CMS Laser, received an order for a high-speed CO₂ laser drilling system from EAP Lasers, marking the first of several anticipated orders over the next year. Previously, Laser Photonics had received a Nasdaq extension until June 20, 2025, to submit overdue financial reports, which it has now addressed. These recent developments reflect the company’s ongoing efforts to enhance its operational and financial standing.
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