LENSAR(LNSR)
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Alcon Agrees to Acquire LENSAR, Inc.
Globenewswire· 2025-03-24 12:00
Core Viewpoint - Alcon has announced a definitive merger agreement to acquire LENSAR, enhancing its portfolio in cataract surgery technology with LENSAR's advanced laser solutions and proprietary software [1][2][3] Financial Details - Alcon will acquire all outstanding shares of LENSAR for $14.00 per share in cash, totaling approximately $356 million, with potential additional payments of up to $2.75 per share based on performance milestones [2] - The total potential consideration could reach $16.75 per share, representing a 24% premium to LENSAR's 30-day volume-weighted average price (VWAP) and a 47% premium to its 90-day VWAP, assuming milestones are met [2] Strategic Implications - The acquisition aims to leverage LENSAR's next-generation technologies to improve the efficiency and precision of cataract surgeries globally, addressing the high prevalence of visually significant astigmatism [3][4] - Alcon's CEO emphasized the opportunity to expand the reach of advanced femtosecond laser technology to more surgeons worldwide, enhancing surgical outcomes [3] Market Context - There are over 5 million cataract procedures performed annually in the U.S. and approximately 32 million globally, indicating a significant market for the enhanced technology [3] - LENSAR's ALLY Robotic Cataract Laser System™ is designed to improve operational efficiencies and reduce overhead in cataract surgery, which aligns with the growing demand for advanced surgical solutions [11] Transaction Timeline - The merger is expected to close in mid-to-late 2025, pending regulatory approvals and stockholder consent from LENSAR [4]
LENSAR(LNSR) - 2024 Q4 - Earnings Call Transcript
2025-02-28 18:05
LENSAR, Inc. (NASDAQ:LNSR) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Cameron Radinovic - Investor Relations, Burns McClellan Nicholas Curtis - Chief Executive Officer Thomas Staab - Chief Financial Officer Conference Call Participants Frank Takkinen - Lake Street Capital Markets Operator Good morning and thank you for your participation. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. As a reminder, this c ...
LENSAR(LNSR) - 2024 Q4 - Earnings Call Transcript
2025-02-28 02:36
LENSAR (LNSR) Q4 2024 Earnings Call February 27, 2025 10:36 PM ET Company Participants Cameron Radinovic - Vice President, Investor RelationsNicholas Curtis - CEOThomas Staab - CFO Conference Call Participants Frank Takkinen - Senior Research AnalystNone - Analyst Operator Good morning and thank you for your participation. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session. As a reminder, this conference is being recorded. I would now like to turn th ...
LENSAR(LNSR) - 2024 Q4 - Annual Report
2025-02-27 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-39473 LENSAR, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...
LENSAR(LNSR) - 2024 Q4 - Annual Results
2025-02-27 12:30
Exhibit 99.1 LENSAR Reports Fourth Quarter and Full Year 2024 Results and Provides Business Update ORLANDO, Fla. (February 27, 2024) – LENSAR, Inc. (Nasdaq: LNSR) ("LENSAR" or the "Company), a global medical technology company focused on advanced robotic laser solutions for the treatment of cataracts, today announced financial results for the fourth quarter and full year ended December 31, 2024 and provided an update on key operational initiatives. "The fourth quarter marked an incredibly strong conclusion ...
LENSAR Reports Fourth Quarter and Full Year 2024 Results and Provides Business Update
Globenewswire· 2025-02-27 12:00
31 ALLY Robotic Cataract Laser Systems™ placed in Q4 2024, representing an 86% increase in ALLY placements in full year 2024 over 2023; Company’s total installed systems increased to approximately 385 as of December 31, 2024, representing a 26% increase over 2023 Fourth quarter 2024 revenue increased 38% over fourth quarter 2023; Full-year revenue increased 27% over 2023 Recurring revenue exceeds $40 million for the full year; increased 23% over 2023 ORLANDO, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- LENSAR, ...
LENSAR to Report Fourth Quarter and Full Year 2024 Financial Results on Thursday, February 27, 2025
Globenewswire· 2025-02-19 17:00
ORLANDO, Fla., Feb. 19, 2025 (GLOBE NEWSWIRE) -- LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or “the Company”), a global medical technology company focused on advanced robotic laser solutions for the treatment of cataracts, today announced that the Company’s fourth quarter and full year 2024 financial results will be released before market open on Thursday, February 27, 2025. LENSAR’s management will host a conference call and webcast at 8:30 am ET on Thursday, February 27, 2025 to discuss the financial results a ...
Medical Devices Firm Lensar Surges Ahead On Robotic Technology
Seeking Alpha· 2025-02-05 09:36
Group 1 - Robert F. Abbott has been managing family investments since 1995 and incorporated options trading in 2010, focusing on covered calls and collars with long stocks [1] - Abbott is a freelance writer with a project aimed at providing information for new and intermediate-level mutual fund investors [1] - He holds a Bachelor of Arts and a Master of Business Administration (MBA) degree [1]
LENSAR Reports Third Quarter 2024 Results and Provides Business Update
GlobeNewswire News Room· 2024-11-07 12:00
24 ALLY Robotic Laser Cataract Systems™ placed in 3Q 2024 including 11 sales in EU and Southeast Asia; Robust backlog with 24 systems pending installation as of September 30, 2024 38% Revenue growth over third quarter 2023 and 22% Recurring revenue growth in twelve-month trailing average Worldwide procedure volumes increased 29% over third quarter of 2023 Installed system base grew 20% over third quarter of 2023 ORLANDO, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- LENSAR®, Inc. (Nasdaq: LNSR) (“LENSA ...
LENSAR to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024
GlobeNewswire News Room· 2024-10-31 11:00
ORLANDO, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or “the Company”), a global medical technology company focused on advanced robotic laser solutions for the treatment of cataracts, today announced that the Company’s third quarter 2024 financial results will be released before market open on Thursday, November 7, 2024. LENSAR’s management will host a conference call and webcast at 8:30 am ET on Thursday, November 7, 2024 to discuss the financial results and recent corpora ...