Laser Photonics postpones providing guidance until Q1 results

"As we discussed in the SEC filings for our IPO, we plan on making significant investments in 2023 to capture the tremendous market opportunity over the mid to long term for our CleanTech systems. During the fourth quarter, we recognized that we needed to broaden and deepen our executive team to accomplish these goals. The recent hiring of senior executives with relative industry experience now allows us to move forward with our investment plans. Given the disruptive nature of our technology and still being in the top of the first inning for laser blasting, we expect to see some lumpiness on a quarter-to-quarter basis. Additionally, when combined with a more uncertain economic environment and a heightened geo-political landscape, we are seeing an elongated sales cycle at many existing and potential customers. Given the recent change at the CFO-level, we are going to postpone providing guidance until we report our first quarter results in about a month," concluded CEO Wayne Tupuola.