Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

1 Unprofitable Stock to Own for Decades and 2 Facing Challenges

AMCX Cover Image

Unprofitable companies face headwinds as they struggle to keep operating expenses under control. Some may be investing heavily, but the majority fail to convert spending into sustainable growth.

Unprofitable companies face an uphill battle, but not all are created equal. Luckily for you, StockStory is here to separate the promising ones from the weak. Keeping that in mind, here is one unprofitable company investing heavily to secure market share and two that could struggle to survive.

Two Stocks to Sell:

AMC Networks (AMCX)

Trailing 12-Month GAAP Operating Margin: -1.4%

Originally the joint-venture of four cable television companies, AMC Networks (NASDAQ: AMCX) is a broadcaster producing a diverse range of television shows and movies.

Why Do We Steer Clear of AMCX?

  1. Products and services have few die-hard fans as sales have declined by 4% annually over the last five years
  2. Sales were less profitable over the last five years as its earnings per share fell by 18.9% annually, worse than its revenue declines
  3. Eroding returns on capital from an already low base indicate that management’s recent investments are destroying value

At $7.42 per share, AMC Networks trades at 3.2x forward P/E. If you’re considering AMCX for your portfolio, see our FREE research report to learn more.

Enovis (ENOV)

Trailing 12-Month GAAP Operating Margin: -34.7%

With a focus on helping patients regain or maintain their natural motion, Enovis (NYSE: ENOV) develops and manufactures medical devices for orthopedic care, from injury prevention and pain management to joint replacement and rehabilitation.

Why Should You Sell ENOV?

  1. Annual sales declines of 7.1% for the past five years show its products and services struggled to connect with the market during this cycle
  2. Negative returns on capital show that some of its growth strategies have backfired, and its decreasing returns suggest its historical profit centers are aging
  3. Diminishing returns on capital from an already low starting point show that neither management’s prior nor current bets are going as planned

Enovis’s stock price of $31.19 implies a valuation ratio of 9.8x forward P/E. Check out our free in-depth research report to learn more about why ENOV doesn’t pass our bar.

One Stock to Buy:

WEBTOON (WBTN)

Trailing 12-Month GAAP Operating Margin: -5.2%

Pioneering a vertical-scrolling format optimized for mobile devices, WEBTOON Entertainment (NASDAQ: WBTN) operates a global platform where creators publish serialized web-comics and web-novels that users can read in bite-sized episodes.

Why Are We Bullish on WBTN?

  1. Solid 7.5% annual revenue growth over the last two years indicates its offering’s solve complex business issues
  2. Demand for the next 12 months is expected to accelerate above its two-year trend as Wall Street forecasts robust revenue growth of 13.5%
  3. Incremental sales significantly boosted profitability as its annual earnings per share growth of 79.7% over the last two years outstripped its revenue performance

WEBTOON is trading at $18.35 per share, or 576.1x forward P/E. Is now a good time to buy? Find out in our full research report, it’s free for active Edge members.

High-Quality Stocks for All Market Conditions

When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses.

Don’t let fear keep you from great opportunities and take a look at Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).

Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

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