Strong sales by QPC Lasers Inc. into the consumer electronic market did not help the company turn a profit in the second quarter. The Sylmar-based research and manufacturing company reported a net loss of $4.7 million, or $0.12 per share, on revenues of $1.3 million for the quarter and six months ending on June 30. For the same period a year ago, QPC reported a net loss of $1.2 million, or $0.03 per share, on revenues of $1.8 million. QPC has over $14 million in signed contracts for lasers to be used in the consumer electronics market. The company expects its revenues to improve as electronic products using its lasers begin to be sold to the public, said QPC CEO Jeffrey Ungar. During the quarter the company signed a $3.5 million contract for 3D laser projection applications and with a number of large electronic product manufacturers. “These orders represent very large potential new contracts for QPC and further validate our technological advantages in visible laser technology,” Ungar said.
