GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Laser Photonics Corp (NAS:LASE) » Definitions » Net Income

Laser Photonics (Laser Photonics) Net Income : $-3.77 Mil (TTM As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Laser Photonics Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Laser Photonics's Net Income for the three months ended in Dec. 2023 was $-1.27 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-3.77 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Laser Photonics's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.11.


Laser Photonics Net Income Historical Data

The historical data trend for Laser Photonics's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Laser Photonics Net Income Chart

Laser Photonics Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
-0.02 0.01 0.58 -2.09 -3.77

Laser Photonics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.00 -1.43 0.03 -1.10 -1.27

Laser Photonics Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Laser Photonics's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-3.766+0+0+0
=-3.77

Laser Photonics's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.267+0+0+0
=-1.27

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.77 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Laser Photonics  (NAS:LASE) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Laser Photonics's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Laser Photonics Net Income Related Terms

Thank you for viewing the detailed overview of Laser Photonics's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Laser Photonics (Laser Photonics) Business Description

Traded in Other Exchanges
N/A
Address
1101 N. Keller Road, Suite G, Orlando, FL, USA, 32810
Laser Photonics Corp is an integrated manufacturing company for photonics-based industrial products and solutions, primarily laser cleaning technologies. Its laser-blasting technologies are focused on disrupting the sandblasting and abrasives blasting markets. The company offers a portfolio of integrated laser-blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding, laser cleaning, and surface conditioning. Its laser-blasting solutions are applicable in every industry dealing with materials processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, aerospace, heavy industry, machine manufacturing, nuclear maintenance and de-commissioning, and surface coating.
Executives
Dmitriy Nikitin 10 percent owner 400 RINEHART ROAD #1000, LAKE MARY FL 32746
Tatiana Nikitina director, officer: Secretary, Marketing Director 3217 YATTIKA PLACE, LONGWOOD FL 32779
Arnold Bykov director, officer: Chief Design Engineer 400 RINEHART ROAD #1000, LAKE MARY FL 32746
Wayne Tupuola director, officer: Chief Executive Officer C/O MABWE MINERALS INC, 400 RINEHART ROAD, #1000, LAKE MARY FL 32746
Ict Investments Llc 10 percent owner 3217 YUTTKA PLACE, LONGWOOD FL 32779
Tim Schick officer: VP Finance 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Ryan Tennyson director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Glenn Peterson director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Igor Vodopiyanov officer: VP R&D and Product Development 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810
Shara Pathak director 1101 N. KELLER ROAD, SUITE G, ORLANDO FL 32810