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Wednesday, Dec 7, 2022
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QPC Narrows Net Loss

The higher prices of its second and third generation laser products contributed to QPC Lasers Inc. narrowing its net loss for the fourth quarter when compared with the previous year. The Sylmar-based manufacturer launched its third generation product in 2007 and shipped initial orders. The new technology offers up to a ten fold improvement in efficiency, cost, size, weight and ruggedness compared to today’s conventional laser technology. “Demand for our core Gen I and Gen II product families continues to accelerate, particularly for medical laser products,” said company Chairman and CEO Jeffrey Ungar. “In fact, we have now shipped nearly 3,500 varicose vein removal lasers, which we feel is a noteworthy validation not only for growing customer demand for our products, but for the quality and reliability of our products.” For the fourth quarter, QPC reported a net loss of $1 million, or $0.03 per diluted share, on revenues of $2.8 million. For the same period in 2006, QPC had a net loss of $2.7 million, or a loss of $0.09 per diluted share, on revenues of $1.3 million. For the 2007 fiscal year, QPC reported a net loss of $9.7 million, or a loss of $0.25 per diluted share, on revenues of $7.9 million. In 2006, the company had a net loss of $18.7 million, or a loss of $0.60 per diluted share, on revenues of $3.1 million.

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