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AI brief of an SEC Form 8-K · LENSAR, Inc. (LNSR)

LENSAR Q1 revenue fell 5% to $13.4 million; net income $36.3 million on warrant gains

Mixed Impact 3 of 5 earnings Written later

LENSAR reported first quarter 2026 total revenue of $13.4 million, down 5% from $14.2 million a year earlier, as system sales fell to $0.8 million from $2.6 million. Net income was $36.3 million, compared with a net loss of $27.3 million, but the company said this was mainly due to $10.0 million in acquisition-related income tied to the terminated merger and a $23.9 million non-cash gain on warrant liabilities. Adjusted EBITDA was a loss of $0.3 million, compared with $0.2 million in the prior-year quarter.

Key points

  • Total revenue was $13.4 million, down from $14.2 million; recurring revenue rose 9% to $12.6 million
  • Net income was $36.3 million, or $1.56 per basic share, versus a net loss of $27.3 million, or $(2.32) per share, a year earlier
  • Adjusted EBITDA was a loss of $0.3 million, compared with income of $0.2 million in Q1 2025
  • Cash, cash equivalents and investments were $13.5 million at March 31, 2026, down from $18.0 million a year earlier

The filing

CompanyLENSAR, Inc. (LNSR)
Form8-K, current report
Filed with the SECMay 8, 2026, 7:05 AM ET
Accession number0001193125-26-213268

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.