LENSAR IncLNSR
▲ PositiveCapitalrelevance
Q2 revenue up 18%, record adjusted EBITDA, and improved margins.
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LENSAR Inc
Alcon AGALC
Mentioned
LENSAR reported second-quarter revenue growth of 18% to $16.5 million, driven by a 20% increase in recurring revenue to $13.7 million and a 23% increase in procedure revenue. GAAP net income reached $3.5 million, while adjusted EBITDA rose to a record $3.6 million. Procedure volume increased 13% year over year to 58,682, and U.S. market share reached 24.1%. The company placed 10 ALLY systems during the quarter, bringing the ALLY installed base to about 215 systems and total global installations to 445. Gross margin improved to about 59%, including a $1.1 million tariff-refund benefit, or 52% excluding it, and management expects margins in the low-50% range to be sustainable as recurring revenue grows.
LENSAR IncQ2 revenue up 18%, record adjusted EBITDA, and improved margins.
Alcon AG