Laser Photonics Appoints Roman Franklin as CFO to Address Financial Controls and Going Concern
LASE has more than doubled off its 52-week low of $0.38.
Summary
Laser Photonics has appointed Roman Franklin as its new Chief Financial Officer, bringing in specialized expertise to address the company's recently disclosed "going concern" warning and "ineffective internal controls".
Key Events · Executive and Board Changes · LASE
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New Chief Financial Officer Appointed
Roman Franklin, founder and CEO of The CFO Portal, LLC, has been appointed as CFO and Principal Financial Officer, effective May 7, 2026.
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Directly Addresses Financial Challenges
Mr. Franklin's firm specializes in SEC reporting, material weakness remediation, and capital markets readiness, directly targeting the "going concern" warning and "ineffective internal controls" disclosed in the company's recent 10-K.
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Fractional CFO Model
The appointment is under a Master Services Agreement with The CFO Portal, LLC, providing fractional CFO services for a fixed monthly retainer of $22,500.
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Shift in Financial Leadership
The previous Principal Financial and Accounting Officer, Michael Lockey, will transition to Principal Accounting Officer, with Mr. Franklin assuming the senior financial leadership role.
Analysis · LASE · Manufacturing
This appointment is a critical step for Laser Photonics, which recently disclosed a "going concern" warning and "ineffective internal controls" in its 10-K filing on April 20, 2026. Roman Franklin, through The CFO Portal, LLC, specializes in SEC reporting, material weakness remediation, and capital markets readiness for microcap public companies. His expertise directly addresses the company's most pressing financial and compliance challenges, signaling a proactive effort to strengthen financial infrastructure and reporting processes. While the fractional CFO model and monthly retainer represent a significant cost, the strategic value of bringing in specialized expertise to navigate these issues is substantial.
At the time of this filing, LASE was trading at $0.84 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $27.4M. The 52-week trading range was $0.38 to $6.77. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.