Laser Photonics Announces Promising Early Returns and Significant Growth Opportunities Following Control Micro Systems (CMS) Acquisition
Laser Photonics Corporation (LASE)
Company Research
Source: Business Wire
Substantial Early Returns in First Month Post-Acquisition Highlight Strategic Potential of CMS AssetsCMS Revenue Backlog Has Grown to over $3.7 million ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, today provided an update on its acquisition of Control Micro Systems, Inc. (CMS). In the approximately one month after the $1.05 million ($950,000 in cash and $100,000 in LASE common stock) acquisition closed, LPC has already achieved nearly $600,000 in cash flow from accounts receivable collections and received nearly $600,000 in new CMS orders, reinforcing the strategic value of this addition.A Promising Start to a Strategic AcquisitionThe CMS acquisition represents a strategic milestone for LPC, diversifying its business into recession-resistant markets and significantly expanding its engineering capabilities. The early results demonstrate
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LASE
Sec Filings
- 11/18/24 - Form 10-Q
- 11/14/24 - Form NT
- 11/6/24 - Form 8-K
- LASE's page on the SEC website