Laser Photonics Corporation (NASDAQ:LASE) Q4 2022 Results Conference Call April 17, 2023 11:00 AM ET Company Participants Brian Siegel - Senior Managing Director/ Hayden IR Wayne Tupuola - Chief Executive Officer Peter Evans - President William Campbell - Interim CFO Operator Greetings and welcome to the Laser Photonics Fourth Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ COMMISSION FILE NUMBER LASER PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) State or other jurisdiction of Incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: 000-56166 Laser Photonics Corporation (Exact name of registrant as specified in its char ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 Delaware 84-3628771 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1101 N. Keller Road, Suite G Orlando, FL 32810 (Address of Principal Executive Offices) Zip Code For the transition period from __________________ to _____________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: ______________ Laser Photonics Corporation (Exact name of registrant as specified in its cha ...

LASER PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Delaware 84-3628771 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO _____ COMMISSION FILE NUMBER State or Other jurisdiction of I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File No. ___________ Laser Photonics Corporation (Exact name of registrant as specified in its charter) Delaware 84-3628771 (Sta ...

Revenue and Income - Revenue for the three months ended June 30, 2021, was $914,492, an increase of $354,641 (63.3%) compared to $559,851 for the same period in 2020[98] - Net income for the three months ended June 30, 2021, was $324,191, or earnings per share of $0.01, compared to net income of $138,104, or earnings per share of $0.04, for the same period in 2020[108] - Revenue for the six months ended June 30, 2021, was $1,890,517, an increase of $1,535,876 (208.4%) compared to $737,776 for the same period in 2020[110] - Net income for the six months ended June 30, 2021, was $506,234, or earnings per share of $0.02, compared to a net loss of $(17,022), or loss per share of $(0.01), for the same period in 2020[118] Gross Margin and Profit - Gross margin for the three months ended June 30, 2021, was $750,737, up from $347,016 in the same period in 2020, reflecting an increase of $403,721 (116.4%) due to higher revenue and lower cost of goods sold[104] - Gross profit for the six months ended June 30, 2021, was $1,374,725, compared to $468,147 in 2020, reflecting increased revenue and a relative decline in cost of goods sold[113] Operating Expenses - Operating expenses for the three months ended June 30, 2021, were $410,334, an increase of $201,422 (96.3%) compared to $208,912 for the same period in 2020, primarily due to increased selling and marketing expenses[105] - Operating expenses for the six months ended June 30, 2021, totaled $835,970, up from $485,169 in 2020, with a significant increase in selling and marketing expenses[114] - Payroll expenses for the three months ended June 30, 2021, were $341,995, up from $200,376 in 2020, indicating a significant increase in workforce costs[115] - Selling, general, and administrative expenses are expected to decline as a percentage of net sales over time as net sales increase[115] Cost of Goods Sold - Cost of goods sold for the three months ended June 30, 2021, was $163,755, a decrease of $49,080 (23.1%) from $212,835 for the same period in 2020[102] - For the six months ended June 30, 2021, the cost of goods sold was $515,792, an increase from $269,629 for the same period in 2020, primarily due to increased sales volume[111] Cash Flow and Working Capital - Net cash provided by operating activities for the six months ended June 30, 2021, was $200,783, compared to a net cash used of $(223,169) for the same period in 2020[92] - Working capital increased to $2,830,866 as of June 30, 2021, from $2,226,388 at December 31, 2020, representing an increase of $604,478 (27.1%)[91] Company Developments and Financial Position - The company is developing the Laser Tower™ material processing family of equipment to make laser processing affordable for over a million small and mid-sized companies[85] - The company anticipates a majority of the Paycheck Protection Program loan amount of $397,500 will be forgiven, which is crucial for maintaining liquidity[89] - The company had no off-balance sheet arrangements as of June 30, 2021, indicating a straightforward financial position[119] - Other income for the six months ended June 30, 2021, included interest expense, primarily due to an increase in loans from ICT Investments[117] - The company is classified as a "smaller reporting company" and is not required to provide certain market risk disclosures[120]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to __________________ Commission File Number: ______________ Laser Photonics Corporation (Exact name of registrant as specified in its cha ...

Financial Performance - As of December 31, 2020, the company achieved gross sales of $3,244,186, with significant sales to Fortune 1000 companies and the U.S. Government totaling $514,319 in purchase orders[13][54]. - Gross sales reached $3,244,186 by December 31, 2020, with a marketing and sales budget equal to 10% of gross sales[54]. - The backlog of orders as of December 31, 2020, was approximately $1.09 million, up from $0.36 million at the same date in 2019, indicating a significant increase in demand[61]. - The company employs 21 full-time and 2 part-time employees as of December 31, 2020, reflecting a stable workforce[65]. Market Opportunity - The laser cleaning market is projected to grow from $611.4 million in 2020 to $713.6 million by 2023, representing a CAGR of 3.9% from 2020 to 2024[20]. - The company has identified a $10 billion abrasive cleaning market and a $1 billion sandblasting media market, which are being pressured into obsolescence, presenting a unique growth opportunity for laser cleaning technology[21]. - The estimated global abrasive blasting market is valued at $50 billion annually, with the company positioned to capture a significant share due to regulatory pressures[36]. Product and Technology - The company’s laser cleaning products accounted for 90% of total sales in 2020, with 95% of the sales pipeline for Q1 2021 focused on industrial laser cleaning systems[33]. - The laser cleaning technology is positioned as a safer, cleaner alternative to traditional methods, addressing health, safety, and environmental concerns[21][23]. - The company aims to disrupt the estimated $50 billion global abrasive blasting market by offering superior quality, cost-effective laser cleaning solutions[36]. - The company is focused on developing new applications and expanding its product offerings to capture a larger share of the laser cleaning market[32][34]. Competitive Advantage - The company holds an exclusive license for the Laser Photonics™ brand, enhancing its competitive edge in the laser cleaning equipment market[17]. - The company maintains a vertically integrated manufacturing process, allowing for quick delivery and customization of laser cleaning systems[47]. - The company aims to differentiate itself through superior product pricing, performance, and service, targeting a diverse global customer base[31]. - The company operates in a fragmented materials processing market with competitors such as Trumpf GmbH and IPG Photonics, but believes its products compete favorably across various industries[60]. Operational Capacity - The facility lease was expanded to 18,000 square feet with a monthly rent of $14,377.50, indicating growth in operational capacity[70]. - The company has a public float of less than $75 million and annual revenues of less than $50 million during the most recently completed fiscal year, qualifying it as a "smaller reporting company"[78]. Regulatory Compliance - The company is committed to compliance with various government regulations, including those from the FDA and European Commission, ensuring product safety and market access[66][68][69]. - The company is classified as an "emerging growth company," allowing it to take advantage of reduced disclosure requirements under the JOBS Act[75]. - The company has opted to take advantage of the extended transition period for complying with new or revised accounting standards, delaying adoption until applicable to private companies[77]. - The company is exempt from the auditor attestation requirement regarding the effectiveness of internal control over financial reporting[79]. - The company is not required to hold non-binding advisory votes on executive compensation or golden parachute arrangements[79]. - The company will increase its disclosure obligations if it ceases to be classified as an "emerging growth company" but will still have reduced requirements as a "smaller reporting company"[78].