Laser Photonics Corporation (LASE) Q2 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.958 Thank you, Operator. With me today are Wayne Topola, Laser Photonics CEO, and Carlos 00:00:04.958 -- 00:00:09.625 Sardinas, the company's VP of Finance. Any forward-looking statements made during this 00:00:09.625 -- 00:00:13.831 conference call, whether general or specific in nature, are subject to risks and uncertainties 00:00:13.831 -- 00:00:18.557 that may cause the actual results to differ materially from those that the company anticipates. 00:00:18.557 -- 00:00:22.303 These risks and uncertainties include, but are not limited to, the specific risks and 00:00:22.303 -- 00:00:26.626 uncertainties discussed in the reports the company periodically files with the SEC. 00:00:26.626 -- 00:00:30.898 Laser Photonics assumes no obligation to either update any forward-looking statements 00:00:30.898 -- 00:00:34.909 that it has made or may make or to update the factors that may cause actual results to 00:00:34.909 -- 00:00:37.275 differ materially from those they forecast. 00:00:37.275 -- 00:00:42.742 I will now turn the call over to Wayne, Laser Photonics Chief Executive Officer. 00:00:42.742 -- 00:00:45.927 Good morning ladies and gentlemen. Thank you for joining us. 00:00:45.927 -- 00:00:50.656 This morning we reported second quarter 2024 results. 00:00:50.656 -- 00:00:55.885 Regarding the lower revenue, we believe approximately $1 million was deferred into 00:00:55.885 -- 00:01:01.113 the second half of the year. This deferral was simply a timing issue 00:01:01.113 -- 00:01:06.342 with several customers whose capital expenditure review and approval processes 00:01:06.342 -- 00:01:11.414 were delayed. While this was disappointing, we haven't seen any evidence that 00:01:11.414 -- 00:01:14.521 this is more than a delay in the future qu...