Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 38

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 blasting technology
and equipment and develop new products, systems and applications. We believe that these investments will sustain our position as a leader
in the laser industry and will support the development of new products that can address new markets and growth opportunities. The amount
of research and development expenses we incur may vary from period to period.

Results
of Operations

The
Company had revenue of $5,808,541 in the nine months ended September 30, 2025, as compared to revenue of $2,083,123 in the nine months
ended September 30, 2024, which represents an increase of 179% in the revenue.

Gross
profit for the nine months ended on September 30, 2025, was $2,344,876 for a Gross margin of 40%, compared to $1,310,642 for a Gross
Margin of 62.92% in the nine months ending September 30, 2024.

The
Company had revenue of $919,284 in the three months ended September 30, 2025, as compared to revenue of $716,697 in the three months
ended September 30, 2024, which represents an increase of 28% in the revenue.

Gross
deficit for the three months ended on September 30, 2025, was ($184,994) for a Gross deficit of (20%), compared to $609,420 for a Gross
Margin of 85%  in the three months ending September 30, 2024.

Selling,
general, and administrative (“SG&A”) expenses consist primarily of salaries and other personnel-related costs; professional
fees; insurance costs; SEC filing, compliance, and other public Company costs; travel expenses; and other sales and marketing expenses;
and excludes depreciation & amortization expenses. In the near term, we expect SG&A expenses to increase as we expand our sales
and marketing efforts to support the planned growth of our business. In the long run, we expect SG&A expenses as a percent of sales
to decline as our business grows.

For
the three months ending September 30, 2025, we recorded total expenses of $3,032,321 as compared to the three months ending in September
30,2024 of $2,315,317. SG&A expenses for the three months ending September 30, 2025, are $1,803,240 as compared to the three months
ending in September 30