Laser Photonics Corporation (LASE) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Laser Photonics first quarter 2024 call and webcast. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. 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. Thank you, operator. With me today are Wayne Topola, Laser Photonics CEO, and Carlos Sardinas, the company's VP of Finance. Any forward-looking statements made during this conference call, whether general or specific in nature, are subject to risks and uncertainties that may cause the actual results to differ materially from those that the company anticipates. These risks and uncertainties include, but are not limited to, the specific risks and uncertainties discussed in the reports the company periodically files with the SEC. Laser Photonics assumes no obligation to either update any forward-looking statements that it has made or may make or to update the factors that may cause actual results to differ materially from those they forecast. I will now turn the call over to Wayne, Laser Photonics Chief Executive Officer. Good morning, ladies and gentlemen. Thank you for joining us. This morning, we reported first quarter 2024 results. Revenue grew by double digits. Our operating losses improved by 39%. and our net loss and loss per share improved by 57%. Our cleantech line represented over 80% of units shipped. Over the past year, we've invested in sales and marketing resources to spread awareness and educate a broader set of potential customers on the numerous applications for cleantech...