earnings
confidence high
sentiment positive
materiality 0.70
LENSAR Reports Q2 2024 Results with 17 ALLY Placements and Terminates Oertli Development Agreement
LENSAR, Inc.
2024-Q2 EPS reported
-$0.98
revenue$23,224,000
- Q2 2024 revenue $12.6M, up 5% YoY; net loss $9.0M vs $8.8M loss in Q2 2023.
- Placed 17 ALLY Systems in Q2 2024, highest since launch; total installed base ~330 systems.
- Worldwide procedure volume increased 19% to 42,203 in Q2 2024 from 35,349 in Q2 2023.
- Terminated Development Agreement with Oertli Instrumente AG effective Aug 5, 2024, with no termination penalties.
- Received MDR certification (CE Mark) and Taiwan FDA approval; first EU and SE Asia ALLY systems shipped.