Laser Photonics Corporation (NASDAQ:LASE) soared 71.91% in after-hours trading to $4.23 on Monday, following its second-quarter earnings report, which showed a 317% year-over-year revenue increase. The stock had closed regular trading at $2.46, up 6.82% for the day, according to Benzinga Pro data.
Revenue Growth Exceeds Expectations
The Orlando-based CleanTech laser systems manufacturer reported second-quarter revenue of $2.6 million, an increase from $0.6 million in the prior-year quarter. Gross profit expanded 341% to $1.4 million, with margins improving to 53.5%.
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“Second Quarter demonstrated the accelerating momentum of our strategic transformation, with revenue growth exceeding 300% year-over-year for the second consecutive quarter,” …