Company: LASE
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001641172-25-024367
Chunk: 36

Company: Laser Photonics Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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, for the three months ending June 30, 2025, was $ 1,773,902, as compared to net loss of $934,256 in the same period of 2024.

Our
net loss, for the six months ending June 30, 2025, was $ 3,454,625, as compared to net loss of $1,479,965 in the same period of 2024.

We
are entering into laser equipment sales agreements with customers for specific equipment based upon purchase orders and our standard
terms and conditions of sale.

Under
our customer contracts or/and purchase orders, we transfer title and risk of loss to the customer and recognize revenue upon shipment.
Our customers do not have extended payment terms or rights of return under these contracts.

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 

Summary
Financial Information – Non-GAAP EBITDA

    Three Months Ending June 30,  
    Six Months Ending June 30, 

    2025 (Unaudited)  
    2024 (Unaudited)  
    2025 (Unaudited)  
    2024 (Unaudited) 
  
    Other financial data: 

    EBITDA(1) 
    $(621,331) 
    $(675,733) 
    $(1,939,126) 
    $(1,036,126)
  
    Adjusted EBITDA(2) 
    $(621,331) 
    $(675,733) 
    $(1,939,126) 
    $(1,036,126)

In
addition to providing financial measurements based on generally accepted accounting principles in the United States (“GAAP”),
we provide the following additional financial metrics that are not prepared in accordance with GAAP (non-GAAP): EBITDA and adjusted EBITDA.
Management uses these non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results
across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial
performance. We believe that these non-GAAP financial measures help us to identify underlying trends in our business that could otherwise
be masked by the effect of certain expenses that we exclude in the calculations of the non-GAAP financial measures.

17

Accordingly,
we believe that these non-GAAP financial measures reflect our ongoing business