QD Laser, Inc. (6613) AI Stock Analysis

• Market Cap: ¥14.78B
• Dividend Yield: N/A
• Average Volume (3M): 403.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 18.18%
• EPS Growth: 56.08%
• Country: JP
• Employees: 43
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -1.70
• Shares Outstanding: 41,764,675
• 10 Day Avg. Volume: 387,890
• 30 Day Avg. Volume: 403,946
• PEG Ratio: 0.92
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 9.67
• P/FCF Ratio: -18.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: ¥315.00 ▼(-15.78% Downside)

The score is driven primarily by persistent losses and ongoing negative operating/free cash flow despite improving revenue and gross margins. A low-debt, equity-backed balance sheet provides some stability, but technical signals remain weak and valuation support is limited due to negative earnings.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market presence and product adoption, supporting long-term business sustainability.

Strategic Investments

Strategic investments in core business areas can enhance competitive positioning and drive future profitability.

Balance Sheet Health

A strong balance sheet with minimal debt provides financial stability and reduces refinancing and interest-rate risks.

Negative Factors

Operating Losses

Persistent operating losses indicate challenges in achieving profitability, which may impact long-term financial health.

Negative Cash Flow

Consistently negative cash flow suggests ongoing cash burn, elevating funding risks and potential need for external financing.

Financial Challenges

Continued financial challenges may hinder the company's ability to invest in growth and achieve long-term profitability.

QD Laser, Inc. Business Overview & Revenue Model

Company Description

QD Laser, Inc. (6613) is a Japanese technology company specializing in the development and manufacturing of semiconductor laser products. The company operates primarily in the sectors of telecommunications, medical devices, and consumer electronics. QD Laser is known for its innovative laser solutions, including quantum dot lasers and retinal projection eyewear, which are designed to enhance visual experiences and improve optical communications.

How the Company Makes Money

QD Laser, Inc. generates revenue through the sale of its semiconductor laser products and related technologies. The company's key revenue streams include the telecommunications sector, where its lasers are used for optical fiber communications, and the consumer electronics sector, where its retinal projection eyewear offers unique visual experiences. Additionally, QD Laser benefits from partnerships with other technology firms and institutions, which help in the co-development and licensing of its products. The company's focus on research and development also positions it to continuously innovate and expand its product offerings, further contributing to its revenue.

QD Laser, Inc. Financial Statement Overview

Summary

QD Laser, Inc. shows strong revenue growth but faces profitability and cash flow challenges. The balance sheet is robust with low leverage, but the company struggles to generate returns on equity and cash flow, posing risks to sustainability.

Income Statement

QD Laser, Inc. has shown revenue growth over the years, with a TTM revenue of ¥1,267 million compared to ¥1,156 million in the previous year. However, the company is facing significant profitability challenges, with negative net and EBIT margins indicating consistent losses. The gross profit margin has improved to 28% TTM, but the net profit margin remains deeply negative, reflecting ongoing operational inefficiencies.

Balance Sheet

The balance sheet of QD Laser, Inc. shows strong equity levels compared to total assets, with an equity ratio of 95% TTM, suggesting financial stability. The company's debt-to-equity ratio is very low due to minimal debt, enhancing its financial robustness. However, the consistently negative ROE highlights an inability to generate returns on equity investments.

Cash Flow

QD Laser, Inc.'s cash flow analysis reveals challenges, with zero operating and free cash flow TTM, indicating cash generation issues. The absence of free cash flow growth and significant negative cash flow in previous periods suggest ongoing liquidity management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.40B	1.31B	1.25B	1.16B	1.10B	895.62M
Gross Profit	496.75M	443.86M	319.49M	350.24M	-59.30M	300.88M
EBITDA	-271.10M	-337.46M	-540.11M	-477.40M	-821.26M	-800.96M
Net Income	-378.33M	-445.77M	-642.63M	-550.38M	-880.97M	-879.83M
Balance Sheet
Total Assets	5.38B	5.51B	6.15B	4.92B	4.02B	4.68B
Cash, Cash Equivalents and Short-Term Investments	3.65B	3.75B	4.84B	3.58B	2.82B	3.22B
Total Debt	0.00	0.00	8.65M	16.48M	111.75M	373.45M
Total Liabilities	255.17M	286.60M	478.56M	478.59M	434.57M	866.52M
Stockholders Equity	5.13B	5.22B	5.67B	4.44B	3.58B	3.81B
Cash Flow
Free Cash Flow	0.00	-674.29M	-589.94M	-531.98M	-764.24M	-866.95M
Operating Cash Flow	0.00	-506.82M	-443.45M	-515.32M	-700.64M	-822.98M
Investing Cash Flow	0.00	-568.61M	-138.13M	-22.99M	-90.21M	-44.32M
Financing Cash Flow	0.00	-9.51M	1.84B	1.30B	377.50M	2.64B

QD Laser, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 374.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6613, the sentiment is Positive. The current price of 374 is above the 20-day moving average (MA) of 322.10, above the 50-day MA of 342.02, and above the 200-day MA of 310.90, indicating a bullish trend. The MACD of 1.82 indicates Negative momentum. The RSI at 60.98 is Neutral, neither overbought nor oversold. The STOCH value of 63.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6613.

QD Laser, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6627	79 Outperform	¥58.68B	18.87	―	1.85%	3.60%	-17.45%
6855	72 Outperform	¥49.97B	13.12	―	1.72%	36.31%	101.77%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6616	45 Neutral	¥16.13B	-8.04	―	3.98%	-6.84%	50.71%
6613	44 Neutral	¥14.78B	-48.36	―	―	18.18%	56.08%
6769	43 Neutral	¥8.65B	1,225.30	―	1.86%	-7.54%	―

QD Laser, Inc. Corporate Events

QD Laser, Inc. Reports Growth and Strategic Investments in Q2 FY2025

QD Laser, Inc. reported a 13% year-on-year increase in net sales for the second quarter of FY2025, despite an operating loss, reflecting growth in revenue and profit. The company is leveraging a government subsidy to accelerate capital investment in its Laser Device Business, aiming for long-term growth and profitability, with a target of achieving 10 billion yen in net sales over the next decade.

QD Laser, Inc. Reports Increased Sales but Continues to Face Financial Challenges

QD Laser, Inc. reported its non-consolidated financial results for the six months ended September 30, 2025, showing an increase in net sales by 12.9% compared to the previous year. Despite the rise in sales, the company still reported operating and ordinary losses, indicating ongoing financial challenges. The equity-to-asset ratio improved slightly, reflecting a stable financial position. The company has not declared any dividends for the fiscal year ending March 31, 2026, and has revised its financial forecast, highlighting potential uncertainties in its future performance.