Laser Photonics Corporation (LASE) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Laser Photonics Corp second quarter 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, Maria. With me today are Wayne Topola, Laser Photonics CEO, and Jade Barnwell, who just joined the company as CFO. Any forward-looking statements made during this conference call, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which a company anticipates. These risks and uncertainties include, but are not limited to, the specific risks and uncertainties discussed in the reports that we file periodically with the SEC. Laser photonics assumes no obligation to either update any forward-looking statements that we have made or may make, or to update the factors that may cause actual results to differ materially from those that they forecast. I will now turn the conference call over to Wayne. Take it away, Wayne. Thank you, Brian, and good morning, everyone. Thank you for joining Laser Photonics Corp's quarterly earnings call. I'm Wayne Tupole, CEO of Laser Photonics Corp, and I'm thrilled to share some exciting updates with you today. We reported a soft quarter in Q2 reporting revenue of $1 million as compared to $1.35 million for the same period in 2022. The decrease was primarily related to delayed CapEx spending by customers, while this impacted our second quarter results. I'm encoura...