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Side-by-side financial comparison of Laser Photonics Corp (LASE) and Phunware, Inc. (PHUN). Click either name above to swap in a different company.

Phunware, Inc. is the larger business by last-quarter revenue ($1.0M vs $919.3K, roughly 1.1× Laser Photonics Corp). Phunware, Inc. runs the higher net margin — -260.2% vs -506.4%, a 246.2% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -21.9%). Over the past eight quarters, Laser Photonics Corp's revenue compounded faster (-3.9% CAGR vs -53.9%).

IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.

Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.

LASE vs PHUN — Head-to-Head

Bigger by revenue
PHUN
PHUN
1.1× larger
PHUN
$1.0M
$919.3K
LASE
Growing faster (revenue YoY)
LASE
LASE
+50.2% gap
LASE
28.3%
-21.9%
PHUN
Higher net margin
PHUN
PHUN
246.2% more per $
PHUN
-260.2%
-506.4%
LASE
Faster 2-yr revenue CAGR
LASE
LASE
Annualised
LASE
-3.9%
-53.9%
PHUN

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
LASE
LASE
PHUN
PHUN
Revenue
$919.3K
$1.0M
Net Profit
$-4.7M
$-2.6M
Gross Margin
-20.1%
46.5%
Operating Margin
-350.0%
-290.2%
Net Margin
-506.4%
-260.2%
Revenue YoY
28.3%
-21.9%
Net Profit YoY
-186.5%
59.7%
EPS (diluted)
$-0.27
$-0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LASE
LASE
PHUN
PHUN
Q3 25
$919.3K
Q2 25
$2.6M
Q1 25
$2.3M
Q4 24
$1.3M
Q3 24
$716.7K
Q2 24
$623.4K
$1.0M
Q1 24
$743.0K
$921.0K
Q4 23
$994.6K
$941.0K
Net Profit
LASE
LASE
PHUN
PHUN
Q3 25
$-4.7M
Q2 25
$-1.8M
Q1 25
$-1.7M
Q4 24
$586.4K
Q3 24
$-1.6M
Q2 24
$-934.3K
$-2.6M
Q1 24
$-545.7K
$-2.3M
Q4 23
$-486.6K
$-23.0M
Gross Margin
LASE
LASE
PHUN
PHUN
Q3 25
-20.1%
Q2 25
53.5%
Q1 25
49.8%
Q4 24
13.3%
Q3 24
85.0%
Q2 24
50.6%
46.5%
Q1 24
51.9%
56.9%
Q4 23
84.5%
47.5%
Operating Margin
LASE
LASE
PHUN
PHUN
Q3 25
-350.0%
Q2 25
-37.0%
Q1 25
-68.7%
Q4 24
-255.1%
Q3 24
-238.0%
Q2 24
-149.4%
-290.2%
Q1 24
-73.8%
-312.1%
Q4 23
-88.4%
-2086.3%
Net Margin
LASE
LASE
PHUN
PHUN
Q3 25
-506.4%
Q2 25
-68.3%
Q1 25
-73.4%
Q4 24
45.7%
Q3 24
-226.8%
Q2 24
-149.9%
-260.2%
Q1 24
-73.4%
-248.9%
Q4 23
-48.9%
-2445.6%
EPS (diluted)
LASE
LASE
PHUN
PHUN
Q3 25
$-0.27
Q2 25
$-0.12
Q1 25
$-0.12
Q4 24
$0.06
Q3 24
$-0.13
Q2 24
$-0.09
$-0.32
Q1 24
$-0.06
$-0.33
Q4 23
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LASE
LASE
PHUN
PHUN
Cash + ST InvestmentsLiquidity on hand
$3.6M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$14.1M
Total Assets
$17.5M
$23.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASE
LASE
PHUN
PHUN
Q3 25
$3.6M
Q2 25
$78.5K
Q1 25
$179.1K
Q4 24
$533.9K
Q3 24
$2.1M
Q2 24
$2.7M
$20.4M
Q1 24
$5.2M
$21.6M
Q4 23
$6.2M
$3.9M
Stockholders' Equity
LASE
LASE
PHUN
PHUN
Q3 25
$4.1M
Q2 25
$4.3M
Q1 25
$6.8M
Q4 24
$10.2M
Q3 24
$9.7M
Q2 24
$10.3M
$14.1M
Q1 24
$12.4M
$14.6M
Q4 23
$13.9M
$-11.5M
Total Assets
LASE
LASE
PHUN
PHUN
Q3 25
$17.5M
Q2 25
$14.9M
Q1 25
$16.0M
Q4 24
$17.2M
Q3 24
$10.6M
Q2 24
$11.1M
$23.1M
Q1 24
$13.6M
$24.3M
Q4 23
$15.1M
$6.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LASE
LASE
PHUN
PHUN
Operating Cash FlowLast quarter
$763.1K
$-2.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASE
LASE
PHUN
PHUN
Q3 25
$763.1K
Q2 25
$-1.0M
Q1 25
$-1.2M
Q4 24
$-6.5M
Q3 24
$632.7K
Q2 24
$-2.4M
$-2.7M
Q1 24
$-866.3K
$-5.5M
Q4 23
$-2.0M
$-2.6M
Free Cash Flow
LASE
LASE
PHUN
PHUN
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$589.6K
Q2 24
$-2.4M
Q1 24
$-1.0M
Q4 23
FCF Margin
LASE
LASE
PHUN
PHUN
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
82.3%
Q2 24
-388.0%
Q1 24
-136.9%
Q4 23
Capex Intensity
LASE
LASE
PHUN
PHUN
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
6.0%
Q2 24
5.1%
Q1 24
20.3%
Q4 23
0.0%
Cash Conversion
LASE
LASE
PHUN
PHUN
Q3 25
Q2 25
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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