The commercial one I have has the trade name SDA on the side and is made by a firm at lasercenteredgefinder.com – a few UK companies were selling them.
With its polarising cap to reduce the spot to its smallest, and projecting over a useful 12", I estimate the spot diameter to be 0.008" at most, by traversing it across a line and noting the mill DRO. I usually recon to position it on a scribed cross to around +/- 0.002". Similarly you can quickly find an edge, with the spot half on and half off, to +/-0.002". With effort perhaps that precision can be +/- 0.001" and I think the manufacturers suggest that, but the limit is calibrating it on the centre line in its holder; i.e. when rotation causes no deviation. Mine has not moved out of alignment after a couple of years use and a battery change, so it has been good.
I often use an electronic edge finder in preference, but the laser pointer can be very handy for fixing a coordinate on certain jobs.
Norm.