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Side-by-side financial comparison of Laser Photonics Corp (LASE) and XMax Inc. (XWIN). Click either name above to swap in a different company.
XMax Inc. is the larger business by last-quarter revenue ($1.8M vs $919.3K, roughly 1.9× Laser Photonics Corp). On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -11.8%). Over the past eight quarters, Laser Photonics Corp's revenue compounded faster (-3.9% CAGR vs -13.7%).
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.
XMax Inc. is a global tech firm focused on Web3 gaming infrastructure and interactive entertainment solutions. It builds custom game development toolkits, decentralized asset systems and cross-platform gaming products for developers and consumers in North America, APAC and Europe.
LASE vs XWIN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.3K | $1.8M |
| Net Profit | $-4.7M | — |
| Gross Margin | -20.1% | 40.3% |
| Operating Margin | -350.0% | -59.3% |
| Net Margin | -506.4% | — |
| Revenue YoY | 28.3% | -11.8% |
| Net Profit YoY | -186.5% | — |
| EPS (diluted) | $-0.27 | $-0.06 |
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.
| Q4 25 | — | $1.8M | ||
| Q3 25 | $919.3K | $9.8M | ||
| Q2 25 | $2.6M | $2.6M | ||
| Q1 25 | $2.3M | $2.6M | ||
| Q4 24 | $1.3M | $2.0M | ||
| Q3 24 | $716.7K | $2.6M | ||
| Q2 24 | $623.4K | $2.7M | ||
| Q1 24 | $743.0K | $2.4M |
| Q4 25 | — | — | ||
| Q3 25 | $-4.7M | $-1.1M | ||
| Q2 25 | $-1.8M | $-289.9K | ||
| Q1 25 | $-1.7M | $-338.9K | ||
| Q4 24 | $586.4K | — | ||
| Q3 24 | $-1.6M | $-2.5M | ||
| Q2 24 | $-934.3K | $-563.5K | ||
| Q1 24 | $-545.7K | $-1.5M |
| Q4 25 | — | 40.3% | ||
| Q3 25 | -20.1% | 10.1% | ||
| Q2 25 | 53.5% | 50.2% | ||
| Q1 25 | 49.8% | 45.7% | ||
| Q4 24 | 13.3% | 42.8% | ||
| Q3 24 | 85.0% | 45.1% | ||
| Q2 24 | 50.6% | 44.4% | ||
| Q1 24 | 51.9% | 42.8% |
| Q4 25 | — | -59.3% | ||
| Q3 25 | -350.0% | -5.0% | ||
| Q2 25 | -37.0% | -7.7% | ||
| Q1 25 | -68.7% | -7.3% | ||
| Q4 24 | -255.1% | -48.4% | ||
| Q3 24 | -238.0% | -92.0% | ||
| Q2 24 | -149.4% | -18.5% | ||
| Q1 24 | -73.8% | -62.6% |
| Q4 25 | — | — | ||
| Q3 25 | -506.4% | -11.5% | ||
| Q2 25 | -68.3% | -11.3% | ||
| Q1 25 | -73.4% | -12.9% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | -226.8% | -94.3% | ||
| Q2 24 | -149.9% | -21.0% | ||
| Q1 24 | -73.4% | -61.6% |
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $-0.27 | $-0.06 | ||
| Q2 25 | $-0.12 | $-0.02 | ||
| Q1 25 | $-0.12 | $-0.03 | ||
| Q4 24 | $0.06 | $0.11 | ||
| Q3 24 | $-0.13 | $-0.72 | ||
| Q2 24 | $-0.09 | $-0.22 | ||
| Q1 24 | $-0.06 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6M | $6.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.1M | $28.0M |
| Total Assets | $17.5M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.7M | ||
| Q3 25 | $3.6M | $1.7M | ||
| Q2 25 | $78.5K | $468.8K | ||
| Q1 25 | $179.1K | $147.3K | ||
| Q4 24 | $533.9K | $161.9K | ||
| Q3 24 | $2.1M | $162.3K | ||
| Q2 24 | $2.7M | $363.4K | ||
| Q1 24 | $5.2M | $273.1K |
| Q4 25 | — | $28.0M | ||
| Q3 25 | $4.1M | $13.6M | ||
| Q2 25 | $4.3M | $6.5M | ||
| Q1 25 | $6.8M | $6.8M | ||
| Q4 24 | $10.2M | $3.1M | ||
| Q3 24 | $9.7M | $-895.9K | ||
| Q2 24 | $10.3M | $48.2K | ||
| Q1 24 | $12.4M | $-42.7K |
| Q4 25 | — | $35.5M | ||
| Q3 25 | $17.5M | $18.3M | ||
| Q2 25 | $14.9M | $11.6M | ||
| Q1 25 | $16.0M | $11.9M | ||
| Q4 24 | $17.2M | $9.9M | ||
| Q3 24 | $10.6M | $5.1M | ||
| Q2 24 | $11.1M | $5.8M | ||
| Q1 24 | $13.6M | $6.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $763.1K | $1.7M |
| 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.
| Q4 25 | — | $1.7M | ||
| Q3 25 | $763.1K | $-1.9M | ||
| Q2 25 | $-1.0M | $92.5K | ||
| Q1 25 | $-1.2M | $-322.6K | ||
| Q4 24 | $-6.5M | $-263.4K | ||
| Q3 24 | $632.7K | $-437.9K | ||
| Q2 24 | $-2.4M | $-468.7K | ||
| Q1 24 | $-866.3K | $-221.7K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $589.6K | — | ||
| Q2 24 | $-2.4M | — | ||
| Q1 24 | $-1.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 82.3% | — | ||
| Q2 24 | -388.0% | — | ||
| Q1 24 | -136.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 20.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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.
Revenue Breakdown by Segment
LASE
Segment breakdown not available.
XWIN
| North America | $1.7M | 97% |
| Other | $50.4K | 3% |
