Laser Photonics Corporation announced its financial results for the third quarter ended September 30, 2024, on November 14, 2024. The company reported net sales of $716,697, a decrease from $1,303,205 in the same period of 2023.
The company's gross profit for Q3 2024 was $609,420, compared to $969,880 in Q3 2023. Operating expenses increased, leading to an operating loss of $(1,705,896) for the quarter, compared to an operating loss of $(890,894) in the prior year period.
Laser Photonics reported a net loss of $(1,625,267) for Q3 2024, an increase from the net loss of $(895,109) in Q3 2023. Basic and diluted earnings per share were $(0.13) for Q3 2024, compared to $(0.11) for Q3 2023.
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