Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 361

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 361
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, 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
government markets.

Direct
Sales

Our
Direct Sales team consists of Strategic Account Managers based at our corporate headquarters and a rapidly expanding Outside Sales team
positioned in key heavy manufacturing regions across the United States.

This
dual