Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 194

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 194
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 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 schedules and budgets, which may have an adverse effect on our financial results, harm our reputation,
and cause us to curtail our pursuit of new contracts. Further, any increase in demand for personnel may result in higher costs, causing
us to exceed the budget on a contract, which in turn may have an adverse effect on our business, financial condition, and operating results,
as well as harm our customer relationships.

We
face a higher risk of failure because we cannot accurately forecast our future revenues and operating results.

The
rapidly changing nature of the markets in which we compete makes it difficult to accurately forecast our revenues and operating results.
Moreover, we expect our future revenues and operating results to fluctuate due to a number of factors, including the following:

the
timing of sales of our products.

unexpected
delays in the introduction of new products.

increased
expenses, whether related to sales and marketing, or administration; and

costs
related to anticipated acquisitions of complementary businesses.

Our
products may suffer defects.

Our
products may suffer defects that may lead to substantial product liability, damage, or warranty claims. Given the complexity of the platforms
and systems inside our products, the potential for errors and defects is heightened. Significant expenses arising from product liability
or warranty claims could have a material adverse effect on our business, financial condition, and operating results.

17

We
need to increase the size and scale of our organization, and