Business
Laser Photonics Provides Corporate Update
Provides preliminary 2022 revenue and gross profit resultsAnnounces Senior Management ChangesORLANDO, FL / ACCESSWIRE / March 30, 2023 / Laser Photonics
About this update from Laser Photonics Corporation
[{"type":"text","content":"Provides preliminary 2022 revenue and gross profit resultsAnnounces Senior Management ChangesORLANDO, FL / ACCESSWIRE / March 30, 2023 / Laser Photonics Corporation (NASDAQ:LASE), (\"LPC\"), a leading global developer of CleanTech laser systems for laser cleaning and other materials applications, today announced several corporate updates.Update on 2022 ResultsWayne Tupuola, CEO of Laser Photonics commented: \"We are working diligently to complete our audit as quickly as possible. Over the past week, we have been reviewing the classification of certain expenses incurred during the fourth quarter related to our IPO. We will move forward with reporting our full results and filing our 10-K once the audit has been completed.\"Preliminary Results FY22FY21Revenue$4.9$4.2Gross Profit$3.5$2.6Changes in Senior ManagementThe Company also announced two changes to its senior management team to help take it to the next stage of growth. Peter Evans has joined LPC as acting president, effective immediately. In his role, he will build out the Company's sales, business development, finance and accounting infrastructure to drive and support the LPC's growth initiatives.Tupuola commented: \"I'd like to welcome Peter to the Laser Photonics team. Peter's unique business management perspective comes from serving as CEO, President, Vice President and other senior roles in sales, marketing, operations, business planning and product development throughout his extensive career, focusing on high-tech, disruptive products serving many industries including automotive manufacturing, heavy duty, oil & gas, mining, construction and agriculture.\"\"I'm excited to join Laser Photonics at this early stage in its growth,\" said Evans. \"The Company has a massive opportunity to disrupt the existing market for corrosion control. I intend to leverage my experience in many of its key target verticals to increase penetration of its technologies within these markets.\"Evans most recently was the president and CEO of Applied Process, which is an Aalberts Company. He was responsible for over 200 employees and oversaw 5 manufacturing sites throughout North America. Prior to that he was the President of Veritas USA Corporation/Head of NAFTA Sales. In addition, Peter worked for Preco Electronics where he held the title of global vice president of sales and marketing and was t...