---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-213268"
form_type: "8-K"
ticker: "LNSR"
cik: "0001320350"
company_name: "LENSAR, Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T19:52:49.109606+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-213268
- form_type: 8-K
- ticker: LNSR
- cik: 0001320350
- company_name: LENSAR, Inc.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320350/000119312526213268/0001193125-26-213268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320350/000119312526213268/lnsr-20260508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-213268
- JSON: https://secwatch.observer/filing/0001193125-26-213268.json
- Plain text: https://secwatch.observer/filing/0001193125-26-213268.txt

## Source-grounded claims
- claim_id: 08cdf9c20ae6362917cae75153aa5039c4f39d60
  claim: 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.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320350/000119312526213268/0001193125-26-213268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.