Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 196

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 196
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 business, cause us to incur remediation
costs, subject us to claims and damage our reputation. In addition, the failure or disruption of our communications or utilities could
cause us to interrupt or suspend our operations or otherwise adversely affect our business. Our property and business interruption insurance
may be inadequate to compensate us for all losses that may occur because of any system or operational failure or disruption and, as a
result, our future results could be adversely affected.

Our
financial performance could be adversely affected by decreases in spending on technology products and services by our public sector customers.

Our
sales to our public sector customers are impacted by government spending policies, budget priorities and revenue levels. An adverse change
in government spending policies (including budget cuts at the federal level), budget priorities or revenue levels could cause our public
sector customers to reduce their purchases or to terminate or not renew their contracts with us, which could adversely affect our business,
results of operations or cash flows.

18

Our
business could be adversely affected by the loss of certain vendor partner relationships and the availability of their products.

We
purchase products from vendors on a global basis as components to include in our finished laser-based cleaning equipment. In the event
we were to lose one of our significant vendor partners, our business could be adversely affected.

We
expect to enter joint ventures, teaming and other arrangements, and these activities involve risks and uncertainties.

We
expect to enter joint ventures, teaming and other arrangements. These activities involve risks and uncertainties, including the risk
of the joint venture or applicable entity failing to satisfy its obligations, which may result in certain liabilities to us for guarantees
and other commitments, the challenges in achieving strategic objectives and expected benefits of the business arrangement, the risk of
conflicts arising between us and our partners and the difficulty of managing and resolving such conflicts, and the difficulty of managing
or otherwise monitoring such business arrangements.

Our
business and operations expose us to numerous legal and regulatory requirements and any violation of these requirements could harm our
business.

We
are subject to numerous federal, state and foreign legal requirements on matters as diverse as data privacy and protection, employment
and labor relations, immigration, taxation, anticorruption, import/export controls, trade restrictions, internal and disclosure control
obligations, securities regulation and anti- competition. Compliance with diverse and changing legal requirements is costly, time-consuming
and requires significant resources. We are also focused on expanding our business in certain identified growth areas, such as energy
and environment, which