QPC Narrows Loss in Q3

QPC Lasers Inc. narrowed its net loss for the third quarter when compared with the same period a year ago. The Sylmar-based designed and manufacturer of high-brightness, high-power semiconductor lasers reported a net loss of $5 million, or a loss of $0.13 per diluted share on revenues of $2.2 million for the quarter ending Sept. 30. For the same period in 2006, the company reported a net loss of $8.3 million, or a loss of $0.22 per diluted share, on revenues of $930,184. The company launched its Generation III product line during the quarter and is seeing strong interest from the military and defense markets, said QPC Chairman and CEO Jeffrey Ungar.