LASRNLIGHT, INC.
Semiconductors & Related Devices
- Revenue
- $261M
- 32% YoY
- Operating margin
- -10.2%
- 69% YoY
- EBITDA
- −$14M
- 73% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$296M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired13% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $270M | $242M | $210M | $199M | $261M | 32% |
| Operating income | −$30M | −$55M | −$47M | −$66M | −$27M | 60% |
| Net income | −$30M | −$55M | −$42M | −$61M | −$23M | 61% |
| Operating cash flow | −$7M | −$15M | $10M | −$2M | $21M | 1004% |
| Capex | $19M | $21M | $5M | $8M | $9M | 14% |
| Stock-based comp | $38M | $27M | $26M | $25M | $33M | 34% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $10M · 10
- Net
- −$10M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $37M | $89M | 115 | 194 |
| FY2024 | $5M | $1M | 52 | 143 |
| FY2023 | $4M | $8M | 67 | 130 |
| FY2022 | $3M | −$3M | 50 | 110 |
| FY2021 | $6M | $3M | 118 | 138 |