Applied Energetics (AERG) stock price is $0.78, down 4.88% on the day, as of Oct 15, 2026. It has a market cap of $196.56Mn, and is classified in the Defense industry (Industrials sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap196.56 Mn
P/E-12.21
P/S626.05
Div. Yield0.00
Revenue Growth (1y) (Qtr)-11.85
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About
Applied Energetics, Inc. specializes in advanced laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. The company develops directed energy solutions that deliver high-intensity, ultrashort pulses of light to disable or destroy targets or disrupt missions. Its technologies serve both national security and commercial markets, with applications in biomedical and advanced manufacturing industries.
Applied Energetics generates revenue…
Applied Energetics, Inc. specializes in advanced laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. The company develops directed energy solutions that deliver high-intensity, ultrashort pulses of light to disable or destroy targets or disrupt missions. Its technologies serve both national security and commercial markets, with applications in biomedical and advanced manufacturing industries.
Applied Energetics generates revenue through the development and delivery of its proprietary USP laser systems and related technologies. Primary products include Laser Guided Energy (LGE®) and Laser Induced Plasma Channel (LIPC®) systems, which are protected by the company’s patent portfolio. The company’s customers are primarily U. S. government agencies and entities, including all branches of the Department of War and the Department of Homeland Security.
Applied Energetics operates through a single reportable segment focused on the research, development, and commercialization of its ultrashort pulse laser technologies.
Ultrashort Pulse Laser Technologies: This segment encompasses the company’s core activities in developing fiber-based USP laser systems with frequency and pulse duration agility. The technology enables outputs ranging from deep ultraviolet to far infrared wavelengths and adjustable temporal pulses from continuous wave to sub-picoseconds. Key innovations include Laser Guided Energy (LGE®) and Laser Induced Plasma Channel (LIPC®), which are trademarked technologies central to the company’s value proposition.
Applied Energetics holds a differentiated position in the directed energy industry due to its proprietary fiber-based architecture, which achieves orders of magnitude reductions in size, weight, and power compared to traditional continuous wave laser systems. This enables high peak power delivery in compact form factors suitable for diverse platforms. The company competes with larger defense contractors such as Raytheon Technologies, Lockheed Martin, Northrop Grumman, Boeing, BAE Systems, nLight, General Atomics, DRS Daylight Solutions, L3Harris Technologies, AV, and Epirus, as well as commercial laser companies like Trumpf, Coherent, IPG, and Light Conversion.
Applied Energetics serves U. S. government agencies, particularly the Department of War and the Department of Homeland Security, as its primary customer base. The company also targets commercial opportunities in biomedical and advanced manufacturing sectors, though current revenues are predominantly derived from government contracts for national security applications.
Sector:IndustrialsSector rationaleThe company designs and manufactures high-intensity laser systems (LGE and LIPC) used for directed energy and national security, which falls under the Defense and Space industries within Industrials. Its primary customers are U.S. government agencies like the Department of War and Department of Homeland Security, and it competes directly with major defense contractors like Lockheed Martin and Raytheon.Industries:DefenseDefensePrimaryThe company develops directed energy solutions and ultrashort pulse laser systems specifically to disable targets or disrupt missions for national security. Its primary customers are U.S. government agencies, including the Department of War and the Department of Homeland Security.Industrial MachineryIndustrial MachinerySecondaryThe company targets commercial opportunities in the advanced manufacturing sector, selling its laser technologies for industrial applications.Classified using BQ-MICSCIK: 0000879911
Peer percentiles
How Applied Energetics ranks
Ranked against the 107 companies in Aerospace and Defense·58 metrics · as of Oct 16, 2026
Valuation
12 metrics · Lower multiples rank higher; a negative multiple ranks last