vs

Side-by-side financial comparison of Laser Photonics Corp (LASE) and PLUS THERAPEUTICS, INC. (PSTV). Click either name above to swap in a different company.

PLUS THERAPEUTICS, INC. is the larger business by last-quarter revenue ($1.4M vs $919.3K, roughly 1.5× Laser Photonics Corp). PLUS THERAPEUTICS, INC. runs the higher net margin — -417.9% vs -506.4%, a 88.5% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -3.2%). Over the past eight quarters, Laser Photonics Corp's revenue compounded faster (-3.9% CAGR vs -9.7%).

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.

Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company headquartered in Houston, Texas, that develops targeted radiotherapeutics and diagnostic services for brain and central nervous system (CNS) cancers. The company’s lead therapeutic candidate, marketed as REYOBIQ™, is an investigational liposomal radiopharmaceutical under clinical evaluation for recurrent glioblastoma, leptomeningeal metastases, and certain pediatric brain cancers. Plus Therapeutics also commercialized a molecu...

LASE vs PSTV — Head-to-Head

Bigger by revenue
PSTV
PSTV
1.5× larger
PSTV
$1.4M
$919.3K
LASE
Growing faster (revenue YoY)
LASE
LASE
+31.5% gap
LASE
28.3%
-3.2%
PSTV
Higher net margin
PSTV
PSTV
88.5% more per $
PSTV
-417.9%
-506.4%
LASE
Faster 2-yr revenue CAGR
LASE
LASE
Annualised
LASE
-3.9%
-9.7%
PSTV

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LASE
LASE
PSTV
PSTV
Revenue
$919.3K
$1.4M
Net Profit
$-4.7M
$-5.7M
Gross Margin
-20.1%
Operating Margin
-350.0%
-420.0%
Net Margin
-506.4%
-417.9%
Revenue YoY
28.3%
-3.2%
Net Profit YoY
-186.5%
-46.4%
EPS (diluted)
$-0.27
$0.95

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
PSTV
PSTV
Q4 25
$1.4M
Q3 25
$919.3K
$1.4M
Q2 25
$2.6M
$1.4M
Q1 25
$2.3M
$1.1M
Q4 24
$1.3M
$1.4M
Q3 24
$716.7K
$1.5M
Q2 24
$623.4K
$1.3M
Q1 24
$743.0K
$1.7M
Net Profit
LASE
LASE
PSTV
PSTV
Q4 25
$-5.7M
Q3 25
$-4.7M
$-4.4M
Q2 25
$-1.8M
$5.2M
Q1 25
$-1.7M
$-17.4M
Q4 24
$586.4K
$-3.9M
Q3 24
$-1.6M
$-2.9M
Q2 24
$-934.3K
$-2.9M
Q1 24
$-545.7K
$-3.3M
Gross Margin
LASE
LASE
PSTV
PSTV
Q4 25
Q3 25
-20.1%
Q2 25
53.5%
Q1 25
49.8%
Q4 24
13.3%
Q3 24
85.0%
Q2 24
50.6%
Q1 24
51.9%
Operating Margin
LASE
LASE
PSTV
PSTV
Q4 25
-420.0%
Q3 25
-350.0%
-320.8%
Q2 25
-37.0%
-110.6%
Q1 25
-68.7%
-333.9%
Q4 24
-255.1%
-276.2%
Q3 24
-238.0%
-260.9%
Q2 24
-149.4%
-289.1%
Q1 24
-73.8%
-196.7%
Net Margin
LASE
LASE
PSTV
PSTV
Q4 25
-417.9%
Q3 25
-506.4%
-316.6%
Q2 25
-68.3%
370.6%
Q1 25
-73.4%
-1643.2%
Q4 24
45.7%
-276.4%
Q3 24
-226.8%
-197.4%
Q2 24
-149.9%
-229.9%
Q1 24
-73.4%
-194.5%
EPS (diluted)
LASE
LASE
PSTV
PSTV
Q4 25
$0.95
Q3 25
$-0.27
$-0.04
Q2 25
$-0.12
$-0.01
Q1 25
$-0.12
$-1.19
Q4 24
$0.06
$-0.51
Q3 24
$-0.13
$-0.37
Q2 24
$-0.09
$-0.71
Q1 24
$-0.06
$-0.75

Balance Sheet & Financial Strength

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

Metric
LASE
LASE
PSTV
PSTV
Cash + ST InvestmentsLiquidity on hand
$3.6M
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.1M
$4.0M
Total Assets
$17.5M
$16.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LASE
LASE
PSTV
PSTV
Q4 25
$8.6M
Q3 25
$3.6M
$16.6M
Q2 25
$78.5K
$6.9M
Q1 25
$179.1K
$9.9M
Q4 24
$533.9K
$3.6M
Q3 24
$2.1M
$4.8M
Q2 24
$2.7M
$8.4M
Q1 24
$5.2M
$3.2M
Stockholders' Equity
LASE
LASE
PSTV
PSTV
Q4 25
$4.0M
Q3 25
$4.1M
$5.1M
Q2 25
$4.3M
$3.0M
Q1 25
$6.8M
$-23.6M
Q4 24
$10.2M
$-8.9M
Q3 24
$9.7M
$-5.2M
Q2 24
$10.3M
$-7.6M
Q1 24
$12.4M
$-4.8M
Total Assets
LASE
LASE
PSTV
PSTV
Q4 25
$16.3M
Q3 25
$17.5M
$18.7M
Q2 25
$14.9M
$10.3M
Q1 25
$16.0M
$12.1M
Q4 24
$17.2M
$6.6M
Q3 24
$10.6M
$7.0M
Q2 24
$11.1M
$11.2M
Q1 24
$13.6M
$5.6M

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
PSTV
PSTV
Operating Cash FlowLast quarter
$763.1K
$-6.3M
Free Cash FlowOCF − Capex
$-6.3M
FCF MarginFCF / Revenue
-459.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LASE
LASE
PSTV
PSTV
Q4 25
$-6.3M
Q3 25
$763.1K
$-2.5M
Q2 25
$-1.0M
$-5.8M
Q1 25
$-1.2M
$-6.2M
Q4 24
$-6.5M
$-1.2M
Q3 24
$632.7K
$-3.7M
Q2 24
$-2.4M
$-1.1M
Q1 24
$-866.3K
$-4.5M
Free Cash Flow
LASE
LASE
PSTV
PSTV
Q4 25
$-6.3M
Q3 25
$-2.6M
Q2 25
$-5.8M
Q1 25
$-6.2M
Q4 24
$-1.2M
Q3 24
$589.6K
$-3.7M
Q2 24
$-2.4M
$-1.2M
Q1 24
$-1.0M
$-4.6M
FCF Margin
LASE
LASE
PSTV
PSTV
Q4 25
-459.9%
Q3 25
-184.3%
Q2 25
-417.6%
Q1 25
-583.1%
Q4 24
-86.5%
Q3 24
82.3%
-253.7%
Q2 24
-388.0%
-96.2%
Q1 24
-136.9%
-271.5%
Capex Intensity
LASE
LASE
PSTV
PSTV
Q4 25
2.2%
Q3 25
1.9%
Q2 25
0.5%
Q1 25
0.3%
Q4 24
0.8%
Q3 24
6.0%
1.0%
Q2 24
5.1%
6.3%
Q1 24
20.3%
2.4%
Cash Conversion
LASE
LASE
PSTV
PSTV
Q4 25
Q3 25
Q2 25
-1.13×
Q1 25
Q4 24
-11.11×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons