Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 989

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 6
Chunk 989
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 with significant barriers to entry.

We
are pioneering a new generation of laser blasting technologies focused on disrupting the sandblasting and abrasives blasting markets.
We offer a full portfolio of integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre-welding and post-welding,
laser cleaning and surface conditioning. Our solutions span use cases throughout product lifecycles, from product fabrication to maintenance
and repair, as well as aftermarket operations. Our laser blasting solutions are applicable in most industries dealing with materials
processing, including automotive, aerospace, healthcare, consumer products, shipbuilding, heavy industry, machine manufacturing, nuclear
maintenance and de-commissioning and surface coating.

Our
vertically integrated operations allow us to reduce development and advanced laser equipment manufacturing time, offer better prices,
control quality and protect our proprietary knowhow and technology compared to other laser cleaning companies and companies with competing
technologies.

Description
of Our Gross Sales, Costs and Expenses

Gross
sales. We derive net sales primarily from the growth was driven by increasing demand for our products, partially offset by declines in
average sales prices, the introduction of new products, including laser blasting systems and the development of new applications for
our products.

We
develop our products to standard specifications and use a common set of components within our product architecture. Our major products
are based upon a common technology platform. We continually enhance these and other products by improving their components and developing
new product designs. Sales of our products are generally recognized upon shipment, provided that no obligations remain, and collection
of the receivable is reasonably assured.

Our
sales typically are made on a purchase order basis rather than through long-term purchase commitments. We entered into laser equipment
sales agreements with customers for specific equipment based on purchase orders and our standard terms and conditions of sale. All revenues
are reported net of any sales discounts or taxes. 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.

Our
sales channels

Sales
Channels Overview

We
generate revenue through a multi-channel sales strategy that includes a Direct Sales team—comprised of Strategic Account Managers
and a regionally distributed Outside Sales force—along with a growing network of distributors and resellers. This integrated approach
enables us to maximize market reach, tailor engagement by customer segment, and accelerate the sales cycle across both commercial and