Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 41

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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2025
 (Unaudited)  
    2024
 (Unaudited)  
    2025
 (Unaudited)  
    2024
 (Unaudited) 

    Revenue 
    $919,284  
    $669,182  
    $5,808,541  
    $2,083,123 

For
the three months ending September 30, 2025, our net loss was $4,655,608 as compared to a loss of $1,625,268 in the same period of
2024.

We
are entering into laser equipment sales agreements with customers for specific equipment based upon purchase orders and our standard
terms and conditions of sale.

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.

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 

Summary
Financial Information – Non-GAAP EBITDA

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025 (Unaudited)  
    2024 (Unaudited)  
    2025 (Unaudited)  
    2024 (Unaudited) 
  
    Other financial data (unaudited): 

    EBITDA(1) 
    $(2,918,263) 
    $(1,235,616) 
     (4,885,948) 
    $(2,271,742)
  
    Adjusted EBITDA(2) 
    $(2,918,263) 
    $(1,235,616) 
     (4,885,948) 
    $(2,271,742)

In
addition to providing financial measurements based on generally accepted accounting principles in the United States (“GAAP”),
we provide the following additional financial metrics that are not prepared in accordance with GAAP (non-GAAP): EBITDA and adjusted EBITDA.
Management uses these non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results
across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial
performance. We believe that these non-GAAP financial measures help us to