LENSAR, Inc. (LNSR)
LENSAR, Inc., a commercial-stage medical device company, focuses on designing, developing, and marketing laser systems for the treatment of cataracts and the management of pre-existing or surgically induced corneal astigmatism in the United System, Europe, Asia, South Korea, and internationally. The company offers the LENSAR Laser System, which incorporates a range of proprietary technologies designed to assist the surgeon in obtaining visual outcomes by providing imaging, procedure planning, design, and precision. It also provides ALLY Robotic Cataract Laser System, a compact cataract treatment system that is designed to allow surgeons to perform sterile laser-assisted cataract surgery in a single operating room. LENSAR, Inc. was incorporated in 2004 and is headquartered in Orlando, Florida.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
LENSAR Inc
NASDAQ:LNSRHealthcare · Medical - Devices
-2.18%$5.84
AH$5.84+0.00%vs close
Mkt Cap$71.75M
Float9.03M
O/S12.29M
Vol
$ Vol
RVOL
Inst Own35.8%
SI3.4%
Earnings
Dilution
Financials Summary
Revenue$58.44M
Net Income-$34.28M
Total Assets$71.43M
Free Cash Flow-$14.91M
Debt & Equity
Total Debt$2.73M
Total Equity-$26.02M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LNSR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$71.43M
Liabilities$97.45M
Accounts Receivable$6.38M
Accounts Payable$18.98M
Inventory$21.52M
PP&E (Net)$505K
Goodwill$0
Intangible Assets$5.19M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $58.44M | $53.49M | $42.16M | $35.36M | $34.46M | $26.38M | $30.53M | $24.39M |
| YoY Growth | 9.2% | 26.9% | 19.2% | 2.6% | 30.6% | -13.6% | 25.2% | - |
| Cost of Revenue | $31.31M | $27.64M | $21.06M | $15.4M | $16.63M | $12.31M | $17.3M | $14.78M |
| Gross Profit | $27.12M | $25.85M | $21.11M | $19.95M | $17.83M | $14.07M | $13.23M | $9.61M |
| Gross Margin | 46.4% | 48.3% | 50.1% | 56.4% | 51.8% | 53.4% | 43.3% | 39.4% |
| Research and Development | $5.62M | $5.33M | $6.14M | $11.81M | $12.36M | $7.55M | $7.57M | $2.78M |
| Selling, General, and Administrative | $45.16M | $26.49M | $26.1M | $27.17M | $23.89M | $23.77M | $17.15M | $16.14M |
| Other | $921K | $4.7M | $1.1M | $1.15M | $1.24M | $1.26M | $1.23M | $0 |
| Total Operating Expenses | $51.7M | $36.52M | $33.34M | $40.13M | $37.48M | $32.58M | $25.94M | $18.93M |
| Operating Income (EBIT) | -$24.58M | -$10.66M | -$12.23M | -$20.18M | -$19.65M | -$18.5M | -$12.71M | -$9.32M |
| Operating Margin | -42.1% | -19.9% | -29.0% | -57.1% | -57.0% | -70.1% | -41.6% | -38.2% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $1.34M | $2M | $0 |
| Interest Income | $91K | $103K | $85K | $17K | $34K | $0 | $0 | $3.27M |
| Other Income (Expense) | -$9.7M | -$20.74M | -$2.15M | $263K | $51K | -$1.27M | -$1.94M | -$3.26M |
| Income Before Tax (EBT) | -$34.28M | -$31.4M | -$14.38M | -$19.91M | -$19.6M | -$19.77M | -$14.66M | -$12.57M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K |
| Net Income | -$34.28M | -$31.4M | -$14.38M | -$19.91M | -$19.6M | -$19.77M | -$14.66M | -$12.59M |
| Net Income Margin | -58.7% | -58.7% | -34.1% | -56.3% | -56.9% | -75.0% | -48.0% | -51.6% |
| Supplementary Data | ||||||||
| EPS | -2.87 | -2.73 | -1.31 | -1.96 | -2.10 | -1.81 | -1.57 | -11.77 |
| Diluted EPS | -2.87 | -2.73 | -1.31 | -1.96 | -2.10 | -1.81 | -1.57 | -11.77 |
| Weighted Average OS | 11.96M | 11.52M | 10.97M | 10.16M | 9.37M | 10.93M | 10.64M | 1.07M |
| EBITDA | -$29.78M | -$3M | -$10.87M | -$16.51M | -$16.84M | -$15.87M | -$8.79M | -$4.66M |
| EBITDA Margin | -51.0% | -5.6% | -25.8% | -46.7% | -48.9% | -60.2% | -28.8% | -19.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $12.97M | $16.26M | $20.62M | $14.67M | $31.64M | $40.6M | $4.62M | $3.34M |
| Short-Term Investments | $5M | $6.19M | $3.44M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $17.98M | $22.45M | $24.06M | $14.67M | $31.64M | $40.6M | $4.62M | $3.34M |
| Accounts Receivable | $6.38M | $6.48M | $4.32M | $6.24M | $4.99M | $2.46M | $3.89M | $3.3M |
| Inventory | $21.52M | $11.43M | $15.69M | $11.74M | $6.49M | $13.47M | $8.06M | $4.06M |
| Other Current Assets | $896K | $1.62M | $2.37M | $1.06M | $0 | $0 | $0 | $472K |
| Total Current Assets | $46.77M | $41.98M | $46.44M | $33.72M | $44.81M | $58.38M | $17.18M | $11.75M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $505K | $664K | $10.28M | $6.88M | $7.45M | $4.42M | $2.15M | $3.62M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $5.19M | $6.11M | $11.03M | $12.12M | $10.87M | $12.11M | $13.37M | $12.29M |
| Long-Term Investments | $0 | $1.16M | $492K | $442K | $0 | $0 | $0 | $753K |
| Deferred Tax Assets | $0 | $0 | $0 | -$442K | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $18.96M | $16.38M | $1.34M | $3.13M | $3.34M | $4.21M | $1.84M | $476K |
| Total Long-Term Assets | $24.66M | $24.32M | $23.14M | $22.13M | $21.65M | $20.73M | $17.35M | $17.14M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $71.43M | $66.3M | $69.58M | $55.84M | $66.47M | $79.12M | $34.54M | $28.89M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $18.98M | $6M | $4.01M | $5.42M | $2.69M | $2.48M | $1.58M | $1.41M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $653K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3.07M | $1.68M | $1.35M | $768K | $904K | $923K | $777K | $871K |
| Other Current Liabilities | $15.05M | $5M | $4.01M | $3.52M | $3.38M | $2.97M | $4.67M | $1.98M |
| Total Current Liabilities | $40.57M | $15M | $11.63M | $11.42M | $8.71M | $8.47M | $7.83M | $7.66M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $20.2M | $41.21M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $54.89M | $30.56M | $9.03M | $167K | $69K | $129K | $36.73M | $479K |
| Total Long-Term Liabilities | $56.88M | $32.65M | $10.78M | $2.44M | $2.87M | $3.44M | $57.26M | $41.69M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $97.45M | $47.65M | $22.41M | $13.86M | $11.59M | $11.91M | $65.09M | $49.35M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $13.78M | $13.75M | $0 | $0 | $0 | $0 | $23.43M |
| Common Stock | $120K | $116K | $113K | $111K | $110K | $109K | $11K | $96K |
| Retained Earnings | -$177.57M | -$143.29M | -$111.89M | -$97.51M | -$77.59M | -$57.99M | -$38.19M | -$23.53M |
| Comprehensive Income & Other | $4K | $6K | $4K | $0 | $0 | $0 | $0 | -$23.53M |
| Other Stockholders' Equity | $151.44M | $161.82M | $158.95M | $139.38M | $132.36M | $125.09M | $7.62M | $2.97M |
| Total Equity | -$26.02M | $18.65M | $47.18M | $41.98M | $54.88M | $67.21M | -$30.55M | -$20.46M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $71.43M | $66.3M | $69.58M | $55.84M | $66.47M | $79.12M | $34.54M | $28.89M |
| Supplementary Data | ||||||||
| Total Debt | $2.73M | $2.61M | $2.31M | $2.8M | $3.31M | $3.81M | $20.53M | $41.21M |
| Net Debt | -$10.24M | -$13.65M | -$18.31M | -$11.87M | -$28.32M | -$36.79M | $15.92M | $37.87M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$34.28M | -$31.4M | -$14.38M | -$19.91M | -$19.6M | -$19.77M | -$14.66M | -$12.59M |
| Depreciation & Amortization | $4.5M | $3.93M | $3.52M | $3.41M | $2.76M | $2.56M | $3.87M | $4.59M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $527K | $57K | -$78K | $0 |
| Stock-Based Compensation | $3.14M | $2.67M | $5.54M | $6.61M | $6.87M | $9.04M | $102K | $1.32M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $289K | -$2.1M | $1.08M | -$1.44M | -$2.65M | $1.33M | $14K | $443K |
| Inventory | -$13.9M | -$4.9M | -$7.46M | -$6.89M | $2.33M | -$8.7M | -$4.77M | -$876K |
| Accounts Payable | $12.99M | $1.96M | -$1.42M | $2.73M | $213K | $910K | $127K | $663K |
| Other Working Capital | $1.72M | $2M | $23K | $23K | $66K | $266K | $2.27M | $5.69M |
| Total Working Capital Change | $1.1M | -$3.04M | -$7.78M | -$5.58M | -$42K | -$6.19M | -$2.36M | $5.92M |
| Other Non-Cash Items | $10.7M | $25.58M | $3.45M | $618K | $517K | $505K | $537K | $9.15M |
| Net Cash from Operating | -$14.83M | -$2.27M | -$9.66M | -$14.86M | -$8.97M | -$13.79M | -$12.59M | -$1.89M |
| Investing Activities | ||||||||
| Capital Expenditures | -$83K | -$156K | -$236K | -$115K | -$354K | -$366K | -$2.09M | -$3.25M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $40K | $0 | -$644K |
| Purchases of Investments | -$11.88M | -$10.24M | -$3.92M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $13.24M | $8.24M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$644K |
| Net Cash from Investing | $1.28M | -$2.16M | -$4.16M | -$115K | -$354K | -$326K | -$2.09M | -$3.89M |
| Financing Activities | ||||||||
| Debt Repaid | - | - | - | - | - | -$12.4M | -$13.22M | -$3.5M |
| Common Stock Issuance | $258K | $58K | $5.88M | $408K | $361K | $39.46M | $3.83M | $3.87M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$1.86M | -$31K | -$198K |
| Other Financing Activities | $10M | $20K | $0 | -$2.4M | $0 | $0 | -$1.07M | -$214K |
| Net Cash from Financing | $10.26M | $78K | $19.76M | -$1.99M | $361K | $50M | $15.95M | $6.96M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.29M | -$4.36M | $5.95M | -$16.96M | -$8.96M | $35.88M | $1.27M | $1.18M |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$14.83M | -$2.27M | -$9.66M | -$14.86M | -$8.97M | -$13.79M | -$12.59M | -$1.89M |
| Capital Expenditure | -$83K | -$156K | -$236K | -$115K | -$354K | -$366K | -$2.09M | -$3.25M |
| Free Cash Flow | -$14.91M | -$2.43M | -$9.89M | -$14.97M | -$9.32M | -$14.16M | -$14.68M | -$5.13M |
| Cash at Beginning | $16.26M | $20.62M | $14.67M | $31.64M | $40.6M | $4.71M | $3.44M | $2.17M |
| Cash at End | $12.97M | $16.26M | $20.62M | $14.67M | $31.64M | $40.6M | $4.71M | $3.34M |