LPKF Laser & Electronics (LPKF)

A €115m revenue German laser-systems specialist that the market has rerated 5x in twelve months on a glass substrate option. Core business is shrinking, FY2025 closed at a net loss, Q1 2026 was worse, and consensus price targets sit at less than half the current quote.

— Full briefing at https://pink.sakdiarpa.com/reports/lpkf.html (1 sections, ~3040 words).