LENSAR Reports Q3 Earnings Miss with GAAP EPS of -$0.38 and $14.13M Revenue
LENSAR, Inc. (LNSR) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$0.38, missing estimates by $0.28, while revenue reached $14.13 million, representing a 1.3% year-over-year decline and missing consensus by $0.17 million. Despite the top and bottom-line misses, the company reported operational growth in its installed base. The total laser installed base has grown to 450 systems, with the ALLY system specifically seeing a 22% year-over-year increase in its installed base. Additionally, the ALLY backlog has expanded to 13 systems.
Tickers: $LNSR
Topics: backlog expansion earnings miss installed base growth revenue decline
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