Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 32

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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),
and other information related to the Company, are available, free of charge, on that website as soon as we electronically file those
documents with, or otherwise furnish them to, the SEC. The Company’s website and the information contained therein, or connected
thereto, are not and are no intended to be incorporated into this Quarterly Report on Form 10-Q.

We
intend to continue to stay ahead of the technology curve by researching and developing cutting edge products and technologies for both
large and small businesses. We view the small companies as an attractive market opportunity since they were previously unable to take
advantage of laser processing equipment due to high prices, significant operating costs and the technical complexities of laser equipment.
As a result, we are developing an array of laser cleaning equipment that we have named the CleanTech™ product line, which we believe
represents a new generation of high-power laser cleaning systems applicable to numerous material processing operations.

Factors
and Trends That Affect Our Operations and Financial Results

In
reading our financial statements, you should be aware of the following factors and trends that our management believes are important
in understanding our financial performance.

Supply
Chain. We are experiencing increased lead times for certain parts and components purchased from third party suppliers; particularly
electronic components. We, our customers and our suppliers, continue to face constraints related to supply chain and logistics, including
availability of capacity, materials, air cargo space, sea containers and higher freight rates and import duties. Supply chain and logistics
constraints are expected to continue for the foreseeable future and could impact on our ability to supply products and our customers’
demand for our product or readiness to accept deliveries. Notwithstanding these effects, we believe we can meet the near-term demand
for our products, but the situation is fluid and subject to change.

Net
sales. Our net sales have historically fluctuated from quarter to quarter. The increase or decrease in sales from a prior quarter
can be affected by the timing of orders received from customers, the shipment, installation and acceptance of products at our customers’
facilities. Net sales can be affected by the time taken to qualify our products for use in new applications in the end markets that we
serve. Our sales cycle varies substantially, ranging from a period of a few weeks to as long as one year or more, but is typically several
months. The adoption of our products by a new customer or qualification in a new application can lead to an increase in net sales for
a period which may then slow until