Laser Photonics Corp
For the period ended Jun 30, 2025. Filed Aug 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 15, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-07-03.
0001641172-25-017657
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-08-15.
0001641172-25-024367
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 35 previous paragraphs and 35 current paragraphs.
27 unchanged; 8 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (8)
Previous wording
The Company had revenue of $2,291,231 in the three months ended March 31, 2025, as compared to revenue of $742,991 in March 31, 2024, which represents an increase of 108% in the revenue.
Current wording
The Company had revenue of $2,598,975 in the three months ended June 30, 2025, as compared to revenue of $623,435 in the three months ended June 30, 2024, which represents an increase of 317% in the revenue.
Previous wording
Gross profit for the three March 31, 2025, was $1,140,715 for a Gross margin of 49.8%, compared to $385,868 for a Gross Margin of 51.9% in the three months ending March 31, 2024.
Current wording
Gross profit for the three months ended in June 30, 2025, was $1,390,104 for a Gross margin of 53.5%, compared to $315,354 for a Gross Margin of 50.6% in the three months ending June 30, 2024.
Previous wording
For the three months ending March 31, 2025, we recorded total expenses of $2,712,289 as compared to the three months ending in March 31,2024 of $934,337. SG&A expenses for the three months ending March 31, 2025, are $900,034 as compared to the three months ending in March 31,2024 of $356,265. The significant increase in SG&A is primarily driven by comparative ramp up of costs in 2025 to establish our strategic plan to increase market reach and sales force as part of our Sales & Marketing Development and Investment plan as noted in our previous 10-Q’s in accordance with “Use of Proceeds” as stated in our most recent Form S-1 Registration Statement, coupled with higher personnel costs resulting from additional headcount, professional service fees, SEC compliance costs, bad debt expenses, etc.
Current wording
For the three months ending June 30, 2025, we recorded total expenses of $2,352,792 as compared to the three months ending in June 30,2024 of $1,246,887. SG&A expenses for the three months ending June 30, 2025, are $697,265 as compared to the three months ending in June 30,2024 of $435,776. The significant increase in SG&A is primarily driven by comparative ramp up of costs in 2025 to establish our strategic plan to increase market reach and sales force as part of our Sales & Marketing Development and Investment plan as noted in our previous 10-Q’s in accordance with “Use of Proceeds” as stated in our most recent Form S-1 Registration Statement, coupled with higher personnel costs resulting from additional headcount, professional service fees, SEC compliance costs, bad debt expenses, etc.
Previous wording
As of March 31, 2025, the Company had $179,091 in cash, $3,816,836 in current assets (without cash and cash equivalents) and $4,872,705 in current liabilities.
Current wording
As of June 30, 2025, the Company had 78,522 in cash, $3,267,380 in current assets (without cash and cash equivalents) and $6,341,823 in current liabilities.
Previous wording
As a result, on March 31, 2025, the Company had a deficit of $876,778 in working capital, compared to $2,091,025 of total working capital on December 31, 2024.
Current wording
As a result, on June 30, 2025, the Company had a deficit of 2,995,921 in working capital, compared to $5,084,680 of total working capital on June 30, 2024.
Previous wording
For the three months ending March 31, 2025, we recognized revenue of $2,291,231, as compared to 742,991 in revenue for the same period in 2024, an increase of 208%.
Current wording
For the three months ending June 30, 2025, we recognized revenue of $2,598,026, as compared to $632,435 in revenue for the same period in 2024, an increase of 317%.
Previous wording
Our net loss, for the three months ending March 31, 2025, was $ 1,680,723, as compared to net loss of $545,709 in the same period of 2024.
Current wording
Our net loss, for the three months ending June 30, 2025, was $ 1,773,902, as compared to net loss of $934,256 in the same period of 2024.
Previous wording
For the three months ending March 31, 2025, our net loss was $1,680,723 as compared to a loss of $545,709 in the same period of 2024.
Current wording
Our net loss, for the six months ending June 30, 2025, was $ 3,454,625, as compared to net loss of $1,479,965 in the same period of 2024.