Laser Photonics Corp (LASE)

[crudeoil24]

Laser Photonics Says Its 'Fundamentals Are Solid'
5:29 pm ET October 10, 2022 (Dow Jones) Print

By Josh Beckerman


Laser Photonics Corp., discussing the performance of shares that have mostly traded below their initial public offering price, said the company's "fundamentals are solid, with strong revenue growth and profits."

The maker of laser systems for tasks including cleaning and paint removal provided an updated capitalization table. It said the management team didn't sell any shares in the IPO or in subsequent trading.

The 3 million-share IPO priced at $5 each. In the stock's Sept. 30 debut, shares peaked at $5.50 but closed at $2.58, with lower closing prices in subsequent days.

The stock was recently up 1% after hours to $1.89.


Write to Josh Beckerman at [e-mail]


(END) Dow Jones Newswires