LENSAR Q1 revenue down 5% to $13.4M; net income $36.3M on $23.9M warrant gain and $10M merger termination income

LENSAR, Inc.

2026-Q1 EPS reported $0.00 revenue$13,428,000

Recurring revenue rose 9% YoY to $12.6M (94% of total); total system sales fell to $836K from $2.6M.
Net income $36.3M ($1.56 basic EPS) vs net loss $27.3M ($2.32 loss) in Q1 2025; adjusted EBITDA loss $0.3M.
Placed 7 ALLY systems in Q1; total installed base 440 (up 12% YoY); backlog of 11 pending installations.
Selling, general & admin expenses down 77% due to absence of $4.4M acquisition costs; R&D flat at $1.4M.
CEO cites terminated Alcon transaction uncertainty as cause of system placement slowdown; expects recovery.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LENSAR, Inc. reported the quarter ended March 31, 2026 results: revenue $13.4 million, net income $36.3 million, EPS $1.56 per basic and $0.00 per diluted share.

Period: the quarter ended March 31, 2026
Revenue: $13.4 million
Net income: $36.3 million
EPS: $1.56 per basic and $0.00 per diluted share
Result: reported results

Exact text from the filing

quarters, now that the merger-related uncertainty is in the rear view mirror.” First Quarter 2026 Financial Results Total revenue for the quarter ended March 31, 2026 was $13.4 million, reflecting a decrease of 5% compared to t otal revenue of $14.2 million for the quarter ended March 31, 2025. The decrease was primarily attributable to decreased systems sales

View on SEC.gov

Browse all earnings releases →

LENSAR, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-213268

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.