LASE - Earnings call transcript Q1 2024 | Laser Photonics Corporation

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Operator

Greetings, and welcome to the Laser Photonics First Quarter 2024 Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brian Siegel, Investor Relations. Thank you, sir.

You may begin.

Brian Siegel

operator. you, Thank are Sardinas, today Laser CEO; Photonics With company's Wayne VP Carlos the of and me Tupuola, Finance. uncertainties subject Any forward-looking or risks results are general materially company from call, conference cause those and to to that differ statements made specific during in this that actual may anticipates. the whether nature, uncertainties with are discussed not and reports the the the in company to, specific risks These files limited include, but periodically SEC. uncertainties risks and are update Photonics actual may Chief made conference no Photonics from Executive Laser that to forecast. I forward-looking Laser the factors results cause now to they will materially or either or may any Officer. the assumes differ update those make that Wayne, over turn statements obligation that to

Wayne Tupuola

us. grew First XXXX This morning, Good double and by morning, ladies we results. Quarter joining gentlemen. Revenue for Thank digits. reported you

improved Our XX% loss net per loss improved our and and by XX%. operating share losses by

units CleanTech XX% line shipped. of over represented Our

year, awareness applications past the the we've numerous marketing for sales a and potential on of educate Over set and to customers in spread CleanTech. invested resources broader

R&D an as in to invest remain product the development we've to continued addition, innovation-driven ahead company, of In and competition.

mentioned on several product as call, continue competition. provide industry-specific and over this accelerate growth we our plan help sales new believe well tech us to and advanced the to features year introduce as line. clean technological announced we've last lines next-generation with We I new As that products a will

operations. plan we Additionally, focus excellence, our on to in operational specifically manufacturing

sold scale. a we partnerships industrial to and ISL for cost we with Throughout market standpoint, efficiencies to processes we announced defense in plan order From goods our of Fastenal the applications. reduce identify partner for distribution the refine manufacturing our and distribution cost year, as

relationships hopes high the out over months. these XX play the We expect of channels to see XX for next and benefits to have these

with leader robots Brokk, announced in for Additionally, market. demolition a partnership providing we our the

in robots, significant on semi-regular their decommissioning, nuclear a into and we where integrating basis. end We contaminated and robots replaced technology opportunities especially will our be CleanTech become see the be markets, to have

In summary, built of an our and partnerships increased efforts, distribution pipeline products, technology over new with sales $XX we marketing and million. have estimated and

won't this well us for it long-term our in growth medium- XXXX up and results improved we year, beyond sets close believe and While for for my remarks concludes prospects. this today. all bodes to prepared That

our of QX for Carlos Now financials. VP to we Sardinas turn Finance,

Carlos S. Sardinas

Thank you, Wayne.

our to grew X.X% $X.X Moving to Revenue million. financials.

While lower coming mix, due points CleanTech XXX made end margin the basis our XX% up declined the in our to at power of sales of CleanTech more over by spectrum. XX% gross to

we mentioned, operating drive Wayne operating helped that As are a million to manufacturing $X.X profile. $X.XX, The million, prioritizing a decreased improvement good is related The XX% per GAAP enhance and and public procurement net gross came respectively. company. being margin expenses to loss to improved news margins our mainly income lower due improving processes XX% at our loss and $X.X which in share, to in our

of to significantly licenses Fonon. from Our also versus last count increased acquisitions due share year various

we With call. that, now can operator, the close

Operator

teleconference. today's concludes This

Thank time. participation. this you at lines your for disconnect may You your

Laser Photonics (LASE) 14 May 242024 Q1 Earnings call transcript