Quarterly ResultMay 8, 2026, 07:07 AM
LENSAR Q1 Net Income $36.3M; Recurring Revenue Up 9% to $12.6M
AI Summary
LENSAR, Inc. reported a net income of $36.3 million for the first quarter of 2026, a significant improvement from a net loss of $27.3 million in Q1 2025, primarily driven by $10.0 million in acquisition-related income from a terminated merger and a $23.9 million non-cash gain from warrant liabilities. Total revenue for the quarter decreased 5% to $13.4 million, mainly due to decreased system sales, though recurring revenue increased 9% to $12.6 million. The company placed 7 ALLY Robotic Cataract Laser Systems, bringing the total installed base to 440 systems, and expects recurring revenue to continue growing as utilization ramps up following the merger-related uncertainty.
Key Highlights
- Net income was $36.3 million ($1.56 EPS basic) in Q1 2026, compared to a net loss of $27.3 million in Q1 2025.
- Total revenue decreased 5% to $13.4 million in Q1 2026 from $14.2 million in Q1 2025.
- Recurring revenue increased 9% to $12.6 million in Q1 2026, representing 94% of total revenue.
- LENSAR placed 7 ALLY Robotic Cataract Laser Systems in Q1 2026, with a backlog of 11 systems.
- Total installed laser base grew 12% to 440 systems as of March 31, 2026.
- Selling, general and administrative expenses decreased 77% to $2.5 million, partly due to reduced acquisition costs.
- Cash, cash equivalents, and investments were $13.5 million as of March 31, 2026.
Price Impact
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