Laser Photonics announces $1.1 million Q3 sales

LASE Corp. (NASDAQ) reported third-quarter 2026 net sales of $1.1 million, up 25% from $919,284, while net loss narrowed 46% to $2.5 million.

The quarterly increase marked its first year-over-year sales growth since Q4 2025, although nine-month sales fell 33% to $3.9 million from $5.8 million and net loss widened to $8.6 million from $8.1 million.

Operating expenses fell 34% to $1.8 million, while gross margin remained negative at 39.2%, compared with negative 47.2% a year earlier.

Cash and short-term investments reached $7.6 million from $0.7 million at year-end 2025, following $19.6 million in net equity and warrant proceeds and repayment of all outstanding notes payable.

Nine-month operating cash use increased to $7.4 million from $1.4 million, and management said additional liquidity remains necessary.

Elsewhere, LASE Corp. plans to introduce its Quantum Bullet anti-drone platform at I/ITSEC in Orlando from November 30 to December 3, 2026, although development, integration, testing and customer evaluation remain necessary before commercialization.

The company is focusing on defense, semiconductor, pharmaceutical and industrial markets, following its November 4 name change and recent developments including a September repeat order from a Canadian manufacturer and a July Phase 2 U.S. Air Force evaluation of its Laser Shield system.