Company: LASE
Filing Date: 2025-07-03
Form Type: 10-Q
Source: 0001641172-25-017657
Chunk: 10

Company: Laser Photonics Corp
Filing Date: 2025-07-03
Form: 10-Q
Item: Part I, Item 3
Chunk 10
---
Summary Financial Information – Non-GAAP
EBITDA

    3 Months Ending March 31, 

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

    EBITDA(1) 
    $(1,317,795) 
    $(360,393)
  
    Adjusted EBITDA(2) 
    $(1,317,795) 
    $(360,393)

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 identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we
exclude in the calculations of the non-GAAP financial measures.

17

Table of Contents

Accordingly, we believe that these non-GAAP financial
measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business and provides
useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding
of our past performance and future prospects.

These non-GAAP financial measures do not replace the
presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results
presented in accordance with GAAP. There are limitations in the use of non-GAAP measures, because they do not include all the expenses
that must be included under GAAP and because they involve the exercise of judgment concerning exclusions of items from the comparable
non-GAAP financial measure. In addition, other companies may use other non-GAAP measures to evaluate their performance, or may calculate
non-GAAP measures differently, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

    (1)
    EBITDA is a non-GAAP financial measure used by management, lenders, and certain investors as a supplemental measure in the evaluation of some aspects of a corporation’s financial position and core operating performance. Investors sometimes use EBITDA, as