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.

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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 Worth Your Attention and 2 Facing Challenges

HAS Cover Image

Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around. Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.

A lack of profits can lead to trouble, but StockStory helps you identify the businesses that stand a chance of making it through. That said, here is one unprofitable company investing heavily to secure market share and two best left off your radar.

Two Stocks to Sell:

Hasbro (HAS)

Trailing 12-Month GAAP Operating Margin: -6.3%

Credited with the creation of toys such as Mr. Potato Head and the Rubik’s Cube, Hasbro (NASDAQ: HAS) is a global entertainment company offering a diverse range of toys, games, and multimedia experiences for children and families.

Why Do We Think HAS Will Underperform?

  1. Products and services aren't resonating with the market as its revenue declined by 3.1% annually over the last five years
  2. Suboptimal cost structure is highlighted by its history of operating margin losses
  3. Diminishing returns on capital from an already low starting point show that neither management’s prior nor current bets are going as planned

Hasbro’s stock price of $79.55 implies a valuation ratio of 17.5x forward P/E. Read our free research report to see why you should think twice about including HAS in your portfolio.

Quanex (NX)

Trailing 12-Month GAAP Operating Margin: -12.7%

Starting in the seamless tube industry, Quanex (NYSE: NX) manufactures building products like window, door, kitchen, and bath cabinet components.

Why Is NX Not Exciting?

  1. Performance over the past two years shows its incremental sales were much less profitable, as its earnings per share fell by 9.6% annually
  2. Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 6.2 percentage points
  3. Diminishing returns on capital from an already low starting point show that neither management’s prior nor current bets are going as planned

At $15.19 per share, Quanex trades at 5.5x forward P/E. Dive into our free research report to see why there are better opportunities than NX.

One Stock to Watch:

Rumble (RUM)

Trailing 12-Month GAAP Operating Margin: -116%

Founded in 2013 as a champion for content creator rights and free expression, Rumble (NASDAQ: RUM) is a video sharing platform that positions itself as a free speech alternative to mainstream platforms, offering creators more favorable revenue-sharing opportunities.

Why Do We Like RUM?

  1. Annual revenue growth of 19% over the last two years was superb and indicates its market share increased during this cycle
  2. Projected revenue growth of 12.6% for the next 12 months suggests its momentum from the last two years will persist

Rumble is trading at $7.40 per share, or 18.3x trailing 12-month price-to-sales. Is now the right time to buy? Find out in our full research report, it’s free.

High-Quality Stocks for All Market Conditions

Donald Trump’s April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities.

The smart money is already positioning for the next leg up. Don’t miss out on the recovery - check out our Top 5 Growth Stocks for this month. 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-micro-cap company Kadant (+351% 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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