LENSAR Inc

NASDAQ:LNSRUnited States

07:07 AM EST, 11/07/2024 (MT Newswires) -- ...

Other income, net 153 265 511 465 ------ ------ ------- ------- Net (loss) income (1,502) 2,568 (12,702) (10,457) ------ ------ ------- ------- Other comprehensive (loss) income Change in unrealized gain on investments 21 -- 11 -- Net (loss) income and comprehensive (loss) income $(1,481) $ 2,568 $(12,691) $(10,457) ====== ====== ======= ======= Net (loss) earnings per common share: Basic $ (0.13) $ 0.13 $ (1.11) $ (0.96) ====== ====== ======= ======= Diluted $ (0.13) $ (0.23) $ (1.11) $ (0.96) ====== ====== ======= ======= Weighted-average number of common shares used in calculation of net (loss) earnings per share: Basic 11,604 11,102 11,481 10,881 ====== ====== ======= ======= Diluted 11,604 11,956 11,481 10,881 ====== ====== ======= ======= LENSAR, Inc. BALANCE SHEETS (In thousands, except per share amounts) September 30, 2024 December 31, 2023 -------------------- --------------------- Assets Current assets: Cash and cash equivalents $ 10,442 $ 20,621 Short-term investments 7,638 3,443 Accounts receivable, net of allowance of $39 and $62, respectively 4,373 4,001 Notes receivable, net of allowance of $7 and $7, respectively 352 323 Inventories 14,892 15,689 Prepaid and other current assets 1,705 2,367 --------------- -------------- Total current assets 39,402 46,444 Property and equipment, net 677 679 Equipment under lease, net 12,303 7,459 Long-term investments 494 492 Notes and other receivables, long-term, net of allowance of $20 and $26, respectively 952 1,279 Intangible assets, net 6,344 11,025 Other assets 1,847 2,207 Total assets $ 62,019 $ 69,585 =============== ============== Liabilities, redeemable convertible preferred stock, and stockholders' equity Current liabilities: Accounts payable $ 3,867 $ 4,007 Accrued liabilities 5,800 5,717 Deferred revenue 1,437 1,349 Operating lease liabilities 574 559 --------------- -------------- Total current liabilities 11,678 11,632 Long-term operating lease liabilities 1,319 1,750 Warrant liabilities 12,295 8,457 Other long-term liabilities 205 570 Total liabilities 25,497 22,409 --------------- -------------- Series A Redeemable Convertible Preferred Stock, par value $0.01 per share, 20 shares authorized at September 30, 2024 and December 31, 2023; 20 shares issued and outstanding at September 30, 2024 and December 31, 2023; aggregate liquidation preference of $20,000 at September 30, 2024 and December 31, 2023 13,784 13,747 Stockholders' equity: Preferred stock, par value $0.01 per share, 9,980 shares authorized at September 30, 2024 and December 31, 2023; no shares issued and outstanding at September 30, 2024 and December 31, 2023 -- -- Common stock, par value $0.01 per share, 150,000 shares authorized at September 30, 2024 and December 31, 2023; 11,612 and 11,327 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 116 113 Additional paid-in capital 147,200 145,203 Accumulated other comprehensive income 15 4 Accumulated deficit (124,593) (111,891) --------------- -------------- Total stockholders' equity 22,738 33,429 Total liabilities, redeemable convertible preferred stock, and stockholders' equity $ 62,019 $ 69,585 =============== ==============