The chart below shows how LASE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LASE sees a -11.06% change in stock price 10 days leading up to the earnings, and a +13.62% change 10 days following the report. On the earnings day itself, the stock moves by -3.82%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Product Pipeline Potential: New product pipeline estimated at over $70 million, preparing for improved results in 2024.
Brand Awareness Boost: Successful ad campaign launched on major networks, increasing brand awareness for new products.
CleanTech Partnership Enhancement: Partnership with Echelon 1 to enhance CleanTech systems for the Department of Defense.
R&D and Innovation Investment: Investment in R&D and product development continues to drive innovation and competitive advantage.
Private Placement Funding: Private placement raised $2.6 million to support sales, marketing, and product development initiatives.
Negative
Revenue Decline Analysis: Revenue decreased by 35.5% to $0.6 million, indicating a significant drop in sales performance.
Declining Gross Profit Margin: Gross profit margin fell to 51% from 71% year-over-year, reflecting increased costs and reduced profitability.
Widened Operating Loss: Operating loss widened to negative $2.1 million in Q2 2024, compared to a loss of $0.7 million in the same quarter last year.
Increased Net Loss: Net loss increased by 67% to $2.1 million, primarily due to changes in accounting treatment affecting financial reporting.
Loss Per Share Improvement: Loss per share decreased by 122% to negative $0.20, exacerbated by an increase in share count from acquisitions.
Laser Photonics Corporation (LASE) Q2 2024 Earnings Call Transcript
LASE.O
2.82%