Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 195

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 195
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 we may experience difficulties in managing such growth, which might impair
our financial performance.

We
need to strengthen our managerial, operational, and accounting infrastructure, in addition to integrating employees retained from other
companies that we might acquire. Future growth will impose significant added responsibilities on members of management, including the
need to identify, recruit, maintain, and integrate new employees. Our future financial performance and our ability to commercialize our
products will depend, in part, on our ability to manage any future growth effectively.

To
manage our future growth, we will need to continue to effect improvements in our managerial, operational, and accounting controls. All
of these measures will require significant expenditure and will demand the attention of management. If we fail to continue making enhancements
to our operational and financial controls in support of the growth in our business, we could develop operating and reporting inefficiencies
that could increase our costs more than we had planned, as well as impair our competitive position. If we are unable to manage growth
effectively, our business, financial condition, and operating results could be adversely affected.

Insurance
and contractual protections may not always cover lost revenue, increased expenses, or liquidated damages payments, which could adversely
affect our financial results.

Although
we maintain insurance and intend to obtain warranties from suppliers, obligate subcontractors to meet certain performance levels and
attempt, where feasible, to pass risks we cannot control to our customers, the proceeds of such insurance, warranties, performance guarantees
or risk sharing arrangements may not be adequate to cover lost revenue, increased expenses or liquidated damages payments that may be
required in the future.

Internal
system or service failures could disrupt our business and impair our ability to effectively provide our services and products to our
customers, which could damage our reputation and adversely affect our revenues and profitability.

Any
system or service disruptions, including those caused by ongoing projects to improve our information technology systems and the delivery
of services, if not anticipated and appropriately mitigated, could have a material adverse effect on our business including, among other
things, an adverse effect on our ability to bill our customers for work performed on our contracts, collect the amounts that have been
billed and produce accurate financial statements in a timely manner. We are also subject to system failures, including network, software,
or hardware failures, whether caused by us, third-party service providers, cyber security threats, natural disasters, power shortages,
terrorist attacks or other events, which could cause loss of data and interruptions or delays in our