earnings
confidence high
sentiment neutral
materiality 0.70
LENSAR Q4 revenue up 18% to $12.1M; 44 ALLY systems placed in 2023, beating 30 target
LENSAR, Inc.
- Q4 2023 revenue $12.1M (+18% YoY); full-year revenue up 19% from 2022.
- Net loss Q4 2023 $3.9M ($0.35 per share) vs $2.5M ($0.24) in Q4 2022.
- Placed 44 ALLY systems in 2023, exceeding target of 30; backlog of 9 as of Dec 31, 2023.
- Adjusted EBITDA Q4 2023 was ($1.2M) vs ($0.1M) in Q4 2022.
- Expect to secure additional international regulatory clearances and launch in select markets in 2024.