Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 320

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 320
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 also be unable to retain the employees that we currently
employ. The failure to attract and retain highly competent personnel could seriously harm our business, financial condition, and operational
results.

16

Our
business depends on experienced and highly skilled technicians and business development personnel, and if we are unable to attract such
talent, it will be more difficult for us to manage our business and complete contracts.

The
success of our business depends on the skill of our personnel. Accordingly, it is critical that we maintain, and continue to build, a
highly experienced management team and specialized workforce, including designers, engineers, and sales professionals. Competition for
personnel – particularly those with expertise in government consulting and who possess a security clearance – is high, and
identifying candidates with the appropriate qualifications can be costly and difficult. We may not be able to hire the necessary personnel
to implement our business strategy given our anticipated hiring needs, or we may need to provide higher compensation or more training
to our personnel than we currently anticipate. In addition, our ability to recruit, hire, and indirectly deploy former employees of the
U.S. Government is subject to complex laws and regulations, which may serve as an impediment to our ability to attract such talent.

Our
business is labor intensive, and our success depends on our ability to attract, retain, train, and motivate highly skilled employees,
including employees who may become part of our organization in connection with our acquisitions. The increase in demand for consulting,
technology integration, and managed services has further increased the need for employees with specialized skills or significant experience
in these areas. We may not be successful in attracting and retaining enough employees to achieve our desired staffing and expansion objectives.
Furthermore, the industry turnover rates for these types of employees are high and we may not be successful in retaining, training, or
motivating them. Any inability to attract, retain, train, and motivate skilled talent could impair our ability to adequately manage and
complete existing projects, not to mention restrict our ability to accept new client engagements. Such an inability may also force us
to increase our hiring of independent contractors, which may increase our costs and reduce our profitability on client engagements. We
must also devote substantial managerial and financial resources to monitoring and managing our workforce. Our future success will depend
on our ability to manage the levels and related costs of our workforce.

In
the event we are unable to attract, hire and retain the requisite personnel and subcontractors, we may experience delays in completing
contracts in accordance with project