Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 555

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 555
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 Operating Expenses 
    $7,944,389  
    $6,246,011 

We
expect recurring selling expenses to increase in the near term to support the planned growth of our business as we expand our sales and
marketing efforts. In the future, we expect selling, general, and administrative expenses to decline as a percentage of net sales, as
our net sales grow beyond the fixed costs of the business.

46

Net
Loss (Income)

Net
loss for the year ending December 31, 2024, was $ 2,518,827 compared to $ 3,318,171 for the year ended December 31, 2023.
We have spent much of the last two years assembling people and equipment necessary to increase sales and production levels. While our
revenue levels increased, our expenses also increased. That coupled with the additional expenses associated with being a public company
and our research and development efforts for our new generation of laser blasting equipment, resulted in a net loss for 2024. With these
investments, we are building the foundation for our future, not only for our laser blasters, but also for the expansion of our laser
equipment for material processing product offering. Basic and dilutive loss per share of common stock decreased for the year ended December
31, 2024, to ($0.22) compared to ($0.37) for the year ended December 31, 2023

Inflation
did not have a material impact on our operations for the period applicable. Other than the foregoing, management knows of no trends,
demands, or uncertainties that are reasonably likely to have a material impact on our results of operations.

Net
Income/Loss per Share

Basic
earnings/loss per share is calculated by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding
for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common
stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in our earnings (loss). Diluted
earnings/(loss) per share is computed by dividing the earnings/loss available to stockholders by the weighted average number of shares
outstanding for the period and dilutive potential shares outstanding unless such dilutive potential shares would result in anti-dilution.

    Year Ended December 31, 

    2024  
    2023 
  
    Net Income/(Loss