| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 24.06 | 22.46 | 17.98 | 13.57 |
| Receivables | 4.00 | 6.09 | 6.38 | 6.17 |
| Inventory | 15.69 | 11.43 | 21.52 | 24.87 |
| Other | — | — | — | — |
| 46.44 | 41.98 | 46.77 | 47.03 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 4.01 | 6.00 | 18.98 | 11.19 |
| ST’ Debt | — | — | — | — |
| Other | — | — | 10.00 | — |
| 11.63 | 15.00 | 40.57 | 19.64 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡ | ‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 13.43 | 16.50 | — | — |
—
|
| ’25 | 14.16 | 13.94 | 14.32 | 16.03 |
58.44
|
| ’24 | 10.59 | 12.64 | 13.54 | 16.73 |
53.49
|
| ’23 | 8.25 | 12.01 | 9.80 | 12.11 |
42.16
|
| ’22 | 9.34 | 8.04 | 7.75 | 10.23 |
35.36
|
| ’21 | 7.04 | 7.92 | 8.27 | 11.22 |
34.46
|
| ’20 | 5.91 | 5.05 | 7.15 | 8.28 |
26.38
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.27) | (0.13) | — | — |
—
|
| ’25 | (6.94) | (5.00) | (3.51) | 0.62 |
(14.83)
|
| ’24 | (5.31) | (3.78) | 3.15 | 3.66 |
(2.27)
|
| ’23 | (6.70) | (2.14) | (0.34) | (0.48) |
(9.66)
|
| ’22 | (2.61) | (2.79) | (4.70) | (4.76) |
(14.86)
|
| ’21 | (4.62) | (1.46) | (2.15) | (0.74) |
(8.97)
|
| ’20 | (6.36) | (5.37) | (0.05) | (2.00) |
(13.79)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.27) | (0.16) | — | — |
—
|
| ’25 | (6.94) | (5.07) | (3.51) | 0.62 |
(14.91)
|
| ’24 | (5.33) | (3.89) | 3.13 | 3.65 |
(2.43)
|
| ’23 | (6.70) | (2.32) | (0.34) | (0.52) |
(9.89)
|
| ’22 | (2.65) | (2.80) | (4.70) | (4.81) |
(14.97)
|
| ’21 | (4.73) | (1.48) | (2.21) | (0.89) |
(9.32)
|
| ’20 | (6.46) | (5.52) | (0.04) | (2.10) |
(14.12)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.00 | 0.10 | — | — |
—
|
| ’25 | (2.32) | (0.15) | (0.31) | (0.12) |
(2.87)
|
| ’24 | (0.19) | (0.79) | (0.13) | (1.61) |
(2.73)
|
| ’23 | (0.40) | (0.81) | (0.23) | (0.35) |
(1.31)
|
| ’22 | (0.67) | (0.67) | (0.39) | (0.24) |
(1.96)
|
| ’21 | (0.56) | (0.47) | (0.65) | (0.41) |
(2.09)
|
| ’20 | (0.34) | — | (0.64) | (0.78) |
(4.28)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | ‡‡‡‡ | ‡‡‡‡ | 2.15 | 1.80 | 2.67 | 7.25 | — | — | — |
Low Price
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡ | 8.80 | 4.49 | 9.23 | 17.31 | — | — | — |
High Price
|
| — | — | — | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 110 | 130 | 140 | 150 | — | — | — |
Employees
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.32 | 0.38 | 0.39 | — | — | — |
Revenue/Emp
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.36 | 42.16 | 53.49 | 58.44 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.44% | 50.06% | 48.33% | 46.41% | — | — | — |
Gross Margin
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (19.91) | (14.38) | (31.40) | (34.28) | ‡‡‡‡‡ | — | — |
EBT
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (56.32%) | (34.11%) | (58.71%) | (58.66%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (19.91) | (14.38) | (31.40) | (34.28) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.41 | 3.50 | 3.68 | 4.32 | — | — | — |
Depreciation
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.48 | 3.84 | 4.64 | 4.89 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.96) | (1.31) | (2.73) | (2.87) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.46) | (0.88) | (0.20) | (1.24) | — | — | — |
Cash Flow/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | (0.02) | (0.01) | (0.01) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.47) | (0.90) | (0.21) | (1.25) | — | — | — |
Free CF/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.13 | 3.05 | 0.42 | (2.18) | — | — | — |
Book Value/Sh
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.16 | 10.97 | 11.52 | 11.96 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.78 | 1.05 | 1.92 | 2.38 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.66 | 1.33 | 21.18 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.45 | 0.54 | 1.55 | 2.11 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.06) | (2.29) | (34.13) | (8.28) | — | — | — |
EV/FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.86) | (9.66) | (2.27) | (14.83) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.11) | (0.24) | (0.16) | (0.08) | — | — | — |
Capex
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.97) | (9.89) | (2.43) | (14.91) | — | — | — |
FCF
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.30 | 34.81 | 26.98 | 6.20 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.80 | — | — | — | — | — | — |
Total Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.87) | (24.06) | (22.45) | (17.98) | — | — | — |
Net Debt
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.98 | 33.43 | 4.86 | (26.02) | — | — | — |
Sh' Equity
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (32.56%) | (22.93%) | (46.22%) | (49.78%) | ‡‡‡‡‡ | — | — |
ROA
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (41.88%) | (81.61%) | 0.00% | 0.00% | — | — | — |
ROIC
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (41.12%) | (38.14%) | (164.03%) | 324.05% | ‡‡‡‡‡ | — | — |
ROE
|
LENSAR, Inc. (LNSR), a medtech innovator in cataract laser systems, boasts impressive revenue growth from $24.4 million in 2018 to $53.5 million in 2024 (22% CAGR), fueled by its ALLY system and rising consumables revenue, with analysts forecasting a tripling to $111 million by 2027. Employee productivity is improving, signaling scalable operations, but gross margins have slipped to 48.3%, and the company remains deep in the red with widening net losses (-$31.4 million in 2024) and negative free cash flow.
The balance sheet tells a cautionary tale: shareholders’ equity has plummeted 93% to $4.9 million, book value per share crashed 86%, and share dilution has surged 150% since 2020 amid ongoing cash burn. Trading at a premium to consensus targets with sky-high multiples (PS 1.92, PB 21.2), the stock looks frothy, lacking insider buying and vulnerable to correction if growth falters.
While forecasts eye breakeven and positive EPS by 2027 via international expansion and consumables ramp-up, risks like margin erosion, competition from giants, and further dilution loom large. This analysis weighs the high-upside potential against prudent red flags—perfect for risk-tolerant investors eyeing medtech tailwinds.
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