Laser Photonics vs Novonix
Laser Photonics is the larger business, with $8.3m of revenue in fiscal 2025 against $5.6m for Novonix (1.5 times as much). Laser Photonics grew faster (144.3% against -4.1%). Laser Photonics kept more of each dollar of sales as profit: a net margin of -209.3% against -1650.8%.
| Latest fiscal year | Laser PhotonicsLASE, 2025 | NovonixNVX, 2025 |
|---|---|---|
| Revenue | $8.3m | $5.6m |
| Revenue growth | 144.3% | -4.1% |
| Net income | −$17.5m | −$92.7m |
| Operating margin | -159.3% | 4916.0% |
| Net margin | -209.3% | -1650.8% |
| Return on equity | — | -62.0% |
| Free cash flow | −$6.4m | −$102m |
| Cash | $650,339 | $79.9m |
| Total debt | $0 | $93.8m |
| Debt to equity | — | 58.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 94 | — |
| Market value | $29.6m | $382m |
| Price vs our value range | — | — |
| Moat score | 30 (Weak) | — |
| Insider trades, 12 months | 5 buys, 2 sales | 0 buys, 0 sales |