Laser Precision Shows Record Quarterly Profit
- Share via
Laser Precision Corp., an Irvine manufacturer of industrial lasers, reported record third-quarter profits last week of $584,679, up from a loss of $97,201 for the year-ago period.
Third-quarter revenue was $4.5 million, contrasted with a $2.1-million loss posted for the same quarter a year ago.
For the first nine months, the company posted net income of $823,749, contrasted with year-earlier losses of $390,662. Revenues for the period climbed 70% to $10.9 million, from $6.4 million.
Laser Precision officials attributed the turnaround to increased sales, particularly of new analytical instrument products introduced at the end of the quarter.
Laser Precision finished last year with a $340,000 loss.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
