Laser Photonics Corporation provided an update on December 17, 2024, regarding its acquisition of Control Micro Systems, Inc. (CMS). Within approximately one month of the $1.05 million acquisition closing, Laser Photonics collected nearly $600,000 in cash flow from CMS accounts receivable.
The company also reported a growth in CMS's order backlog to nearly $4.0 million. These early returns demonstrate the strategic value and immediate financial benefits of the acquisition, which was finalized in early November.
The successful integration of CMS is proving to be a transformative opportunity for Laser Photonics, extending its footprint into healthcare and pharmaceutical industries. This update highlights the company's ability to unlock value from its strategic investments.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.