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LENSAR (LNSR) investor relations material
LENSAR Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 increased 6% year-over-year to $14.3 million, driven by higher procedure volume and ALLY System placements, with worldwide procedure volume up 11%.
Net loss for Q3 2025 was $3.7 million, or $(0.31) per share, compared to $1.5 million, or $(0.13) per share, in Q3 2024, mainly due to acquisition-related costs.
The company entered into a merger agreement with Alcon, with closing expected in Q1 2026, subject to regulatory approvals.
ALLY Robotic Cataract Laser System placements totaled 18 in Q3, with the installed base growing 77% year-over-year to 425 units.
Acquisition-related costs related to the merger totaled $13.7 million for the nine months ended September 30, 2025.
Financial highlights
Q3 2025 revenue: $14.3 million (up 6% year-over-year); nine months revenue: $42.4 million (up 15%).
Product revenue for Q3 2025 was $11.4 million; lease revenue $1.6 million; service revenue $1.4 million.
Recurring revenue accounted for 75% of total revenue in Q3 2025, up from 73% in Q3 2024.
Gross margin for Q3 2025 was approximately 42%, with cost of revenue up 23% for the nine months due to tariffs and inflation.
Adjusted EBITDA for Q3 2025 was $(0.3) million; for the nine months, $(0.4) million.
Outlook and guidance
Management expects continued revenue and SG&A expense growth due to ALLY System expansion and ongoing merger costs.
Sufficient liquidity is expected for at least 12 months, but additional capital may be needed if the merger is delayed or not completed.
The merger with Alcon is anticipated to close in Q1 2026, pending regulatory and other customary approvals.
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- GTEC
Net income rebounded to $15.15M in 2024 as cost cuts offset a 7.1% revenue drop. - QIGD
Revenue up 18% but net profit down 15% as higher costs and weak Marine Services weighed. - A105560
Net profit up 15.1% YoY to KRW 5.843tn, with record shareholder returns and strong capital ratios. - ADDT
Earnings and margins rose, acquisitions accelerated, and outlook remains positive. - AFRY
Q4 margin and utilization gains, strong backlog, and new strategy offset lower sales. - SVIK
Profitability and cash flow surged in 2025, driven by fuel materials and waste technology growth. - ATT
Adjusted EPS of SEK 6.03 exceeded targets, with strong growth and new goal of SEK 9 by 2028. - ALMA
Revenue up 4.6% to €327.1M, digital share 85.9%, profit and cash flow improved. - GTEC
Net income rose 27.8% to $4.56M and EPS jumped 61% despite a 4.6% revenue decline. - VWS
Record revenue, improved margins, and robust order backlog set the stage for 2026 growth.
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