LASE Corp Reports Third Quarter 2026 Results
Third Quarter Net Sales Increase 25% and Net Loss Improves 46% Compared with Third Quarter 2025
ORLANDO, FL / ACCESS Newswire / November 12, 2026 / LASE Corp. (NASDAQ:LASE), an emerging laser technology company developing laser and directed-energy solutions for the defense, pharmaceutical, semiconductor and industrial markets (the "Company"), today announced its financial results for the third quarter ended September 30, 2026.
Executive Chairman Commentary - Dmitri Nikitin
"We believe this quarter represents a turning point for us as a company. From strengthening our balance sheet and delivering strong net sales growth and a narrower quarterly net loss, to clarifying our growth strategy centered on quantum directed-energy technologies, to strengthening our management and governance teams, we have made significant progress. We now have a clearly defined strategy focused on four markets: defense, semiconductor, pharmaceutical and industrial. We believe these accomplishments provide a stronger foundation for LASE's next phase of growth.
"Our first quarterly earnings conference call in nearly two years marks another important step toward greater transparency and more consistent shareholder communications. We recognize that trust is earned through actions, not promises, and we intend to demonstrate our commitment through disciplined execution, timely financial reporting and measurable progress."
Financial Summary:
Third Quarter and Year-to-Date 2026 Summary & Financial Highlights
Liquidity and Capital Resources
As of September 30, 2026, the Company had cash and short-term investments of $7.6 million, compared with cash of $0.7 million at December 31, 2025. The increase reflected capital raised through public equity offerings and warrant transactions, partially offset by cash used in operations and debt repayments.
During the first nine months of 2026, the Company raised approximately $19.6 million in net proceeds from public equity offerings and warrant transactions and fully repaid all outstanding notes payable, including related-party notes, with total debt repayments of $6.4 million. These financing activities strengthened the Company's liquidity position, reduced outstanding indebtedness and supported its ongoing operations. Total current liabilities decreased to $6.3 million at September 30, 2026, compared with $10.3 million at December 31, 2025.
Working capital at September 30, 2026 improved by $11.1 million, from a deficit of $7.3 million at December 31, 2025 to positive working capital of $3.7 million at September 30, 2026.
Stockholders' equity increased to $5.8 million at September 30, 2026, compared with a stockholders' deficit of $5.0 million at December 31, 2025.
Net cash used in operating activities was $7.4 million for the nine months ended September 30, 2026, compared with $1.4 million in the same prior-year period. Net cash provided by financing activities was $14.5 million, compared with $4.5 million in the same prior-year period.
The Company continues to require additional liquidity to support operations, R&D priorities particularly in defense, and working capital requirements. Management expects to continue evaluating debt and equity financing alternatives to support future operations and growth objectives.
Outlook
As announced on October 28, 2026, the Company plans to introduce its Quantum Bullet™ anti-drone platform at the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) in Orlando, November 30 through December 3, 2026, including a product-introduction film. The Quantum Bullet product line includes the Laser Shield Anti-Drone (LSAD) Series, a modular directed-energy platform under development for Group 1 and Group 2 drone threats.
The LSAD platform is designed to combine proprietary laser capabilities with multi sensor detection, tracking, targeting and command-and-control (C2) systems, for standalone deployment or integration into multilayered air-defense platform. Its Dazzler configuration is intended to disrupt drone optical and LIDAR sensors; higher-energy palletized and crawler configurations are being developed for destructive engagement of Group 1 and Group 2 drones. Development, integration, testing and customer evaluation remain necessary before commercialization.
The Company believes its expertise in laser engineering, precision manufacturing, laser beam delivery and control , together with multiple partners products and research integration, provides a foundation for developing new products for defense and national security applications. Management intends to advance Quantum Bullet™ and evaluate opportunities to participate in government-funded research, development, testing and manufacturing programs.
LASE expects to continue serving its established pharmaceutical, semiconductor and industrial markets while allocating resources toward defense-related opportunities. Management remains focused on improving operating performance, maintaining financial discipline, strengthening corporate governance and building a more transparent relationship with shareholders.
The Company is not providing quantitative financial guidance at this time.
Third Quarter Fiscal 2026 Earnings Call
Management will host an investor conference call at 8:00 a.m. Eastern time today, Thursday, November 12, 2026, to discuss financial results, corporate developments and strategic priorities, and conclude with Q&A from telephone participants. To participate, please use the following information:
Date: Thursday, November 12, 2026
Time: 8:00 a.m. Eastern time
U.S. dial-in number: 1-877-407-3982
International dial-in number: 1-201-493-6780
Conference ID: 13763522
Webcast link: LASE Q3 FY2026 Earnings Conference Call
Please join at least five minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Thursday, November 19, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13763522. A webcast replay will also be available using the webcast link above or through the investor relations section of www.lase.com.
About LASE Corp.
LASE Corp. (NASDAQ:LASE), formerly Laser Photonics Corporation, is an emerging laser technology company developing laser and directed-energy solutions for the defense, pharmaceutical, semiconductor and industrial markets. Through internal development, strategic acquisitions and partnerships, LASE intends to expand its technology portfolio, strengthen its advanced manufacturing capabilities and scale the enterprise profitably.
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results, and other statements that are not historical facts. These forward-looking statements are often identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" and similar expressions, although not all forward-looking statements contain these words.
These statements are based on current expectations and assumptions as of the date of this press release and involve a number of risks and uncertainties, which may cause actual results and uses of proceeds to differ materially from those indicated or implied by these forward-looking statements.
These risks include, without limitation, those described in the "Risk Factors" sections of filings and reports the Company makes with the Securities and Exchange Commission from time to time, including, without limitation, the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as such factors may be updated from time to time in the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
Readers are urged to carefully review those risk factors, as well as other cautionary statements that are made from time to time in the Company's other SEC filings. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.
Investor Relations Contact
Lucas A. Zimmerman & Ian Scargill
MZ Group - MZ North America
(262) 357-2918
[email protected]
Company Investor Relations
[email protected]
LASE CORP.
CONDENSED CONSOLIDATED BALANCE SHEET SUMMARY
Unaudited September 30, 2026; audited December 31, 2025.
LASE CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited.
LASE CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - SUMMARY
Unaudited.
SOURCE: Laser Photonics Corp.