Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 544

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 544
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246,011 
  
    Income (Loss) from Operations 
     (6,463,343) 
     (3,348,234)
  
    Interest Expense 
        
     - 
  
    Other (Income) Expense 
     3,944,516  
     30,063 
  
    Income Tax Provision 
        
     - 
  
    Net Income (Loss) 
     (2,518,827) 
     (3,318,171)
  
    Income (Loss) per Common Share 
    $(0.22) 
    $(0.37)

39

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

The
following discussion and analysis of the results of operations and financial condition of the Company for the years ended December 31,
2024, and 2023 should be read in conjunction with our audited consolidated financial statements and  related notes and the description
of our business and properties included elsewhere herein.

Overview

We
are a vertically integrated manufacturing company for photonics-based industrial products and solutions and, since recently acquiring
the assets of Control Micro Systems, Inc., have now expanded the market for our laser products into a large, growing pharmaceutical
manufacturing vertical, in what we believe is a recession-resistant sector 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