Laser Photonics Corp. (LASE) has reported an increased loss for its third quarter when compared to the same period last year. The company recorded a net loss of $1.63 million, equating to a loss of $0.13 per share. This marks a rise from the previous year's third-quarter loss, which stood at $0.90 million or $0.11 per share.
Furthermore, the company's quarterly revenue experienced a significant decline of 44.6%, dropping to $0.72 million from $1.30 million in the prior year.
Summary of Laser Photonics Corp.'s Earnings (GAAP):
- Loss for Q3: $1.63 million vs. $0.90 million last year
- Earnings per share (Q3): loss of $0.13 vs. loss of $0.11 last year
- Revenue for Q3: $0.72 million vs. $1.30 million last year
