Laser Photonics (LASE) provided an update on its acquisition of Control Micro Systems, or CMS. In the approximately one month after the $1.05M acquisition closed, LPC has already achieved nearly $600,000 in cash flow from accounts receivable collections and received nearly $600,000 in new CMS orders, reinforcing the strategic value of this addition. Wayne Tupuola, CEO of Laser Photonics commented: “We see a tremendous opportunity to expand CMS’ presence in the pharmaceutical market. The combination of its innovative technologies and our robust sales and marketing infrastructure provides a pathway to scale their solutions, penetrate deeper into existing pharmaceutical customer bases, and attract new clients in this high-growth sector.”
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
