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In a remarkable display of market confidence, LENSAR Inc. (LNSR) shares have surged to a 52-week high, reaching a price level of $12.19. This peak reflects a significant milestone for the medical technology company, which specializes in innovative laser systems for eye surgery. According to InvestingPro data, the company has demonstrated impressive revenue growth of 21% and maintains a healthy balance sheet with more cash than debt. Over the past year, LENSAR has witnessed an impressive 137.6% change in its stock value, with InvestingPro reporting a particularly strong six-month return of 103.7%. While the company’s $138.6M market cap reflects strong investor optimism, current valuations suggest the stock may be trading above its Fair Value. Discover more insights and 7 additional ProTips about LENSAR through its comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, LENSAR Inc. reported its fourth-quarter 2024 earnings, showing a mixed performance. The company posted a net loss per share of $1.61, significantly missing the forecasted loss of $0.18 per share. However, LENSAR’s revenue reached $16.7 million, surpassing expectations by 11.7% and marking a 38% increase compared to the same period last year. The company also achieved positive adjusted EBITDA of $478,000 during the quarter. Despite the earnings miss, LENSAR’s revenue growth was driven by strong sales of their Ally systems, particularly in the U.S. and international markets.
Looking ahead, LENSAR anticipates revenue growth of over 27% in 2025 and expects to achieve positive full-year adjusted EBITDA. The company plans to continue strategic investments in its commercial infrastructure to support this growth. Additionally, LENSAR ended the year with a backlog of 16 Ally systems, which they expect to install and begin generating recurring revenue in 2025. The company also noted that 75% of their new system placements in the U.S. in 2024 were with customers new to LENSAR, indicating strong market interest in their technology.
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