Quarterly Financial Results Briefing 2nd Quarter of FY2021

QD Laser, Inc.

November 2021

Copyright © 2021 QD Laser, Inc., All Rights Reserved.

Mission

With the power of the semiconductor laser, "I can't" becomes "I can".

Contents

  1. Financial Results for FY2021-Q2
  2. Semiconductor Laser Devices
  3. Laser Retinal Projection
  4. Further Growth Upside Expected
  5. ESG Initiatives

What was once thought to be impossible is now a reality;

we have become the only company in the world

to successfully mass produce Quantum Dot LASERs.

Our laser technology will enable

dramatic improvements in our ability to process information, support visually impaired people, prevent eye diseases,

and enhance vision, continually pushing the boundaries of human possibility.

1

Financial Results for FY2021-Q2

Financial Results Highlights for FY2021-Q2 vs FY2020-Q2

61% Sales Growth

Orders increased for the laser device business in DFB lasers for high-precision processing, compact visible lasers for biosensors, high-power lasers for sensors, and NRE (Non-Recurring Engineering). The laser eyewear (LEW) business also increased due to sales to financial institutions.

115 Million JPY Operating Loss Improved

Operating loss improved due to an increase in sales and a reduction in depreciation and development costs. Laser device (LD) business achieved the operating profit in the 1st half of the year for the first time since the establishment.

320 Million JPY Quarterly Net Loss Improved

The same period of the previous year recorded an impairment loss on fixed assets of 161 million yen in the laser eyewear business, and net loss improved in the current year.

3

Financial Result Highlights for FY2021-Q2 vs FY2020-Q2

Sales Growth and Operating Loss Improved

61% sales growth driven by both businesses. LD business achieved the first operating profit in the 1st half of the year since the establishment, and operating loss improved by 115 million JPY.

Performance Summary

FY2021

FY2020

(Million JPY)

YOY

Q1-Q2

Q1-Q2

Sales

547

339

+61%

(+207)

(LD)

513

325

+58%

(LEW)

33

14

+131%

Operating Profit

△276

△392

+115

or Loss (△)

(LD)

6

△54

+60

(LEW)

△138

△226

+88

Ordinary Loss (△)

△276

△419

+143

Quarterly

△260

△581

+320

Net Loss (△)

Sales by Product Group

(Million JPY)

FY2021

FY2020

YOY

Q1-Q2

Q1-Q2

DFB Laser

161

125

+29%

Compact Visible Laser

71

37

+92%

High-Power Laser

146

91

+60%

Quantum Dot Laser

54

63

-14%

NRE

79

4

+1875%

Others

0

2

-100%

LD Total

513

325

+58%

LEW Total

33

14

+136%

Grand Total

547

339

+61%

4

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Disclaimer

QD Laser Inc. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 07:06:30 UTC.