Filing Flows › Lensar (LNSR) › Q1 2025
Lensar (LNSR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Lensar (LNSR) reported revenue of $14.2M for the first quarter 2025 (Q1 2025), +34% from a year earlier and -15% from the quarter before. Operating margin was -40.9%, net loss $27.3M (193.1% of revenue).
Lensar, Q1 2025: revenue $14.2M (+34% year over year), operating margin -40.9%, net loss $27.3M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.2M | -15% | +34% |
| Operating profit | −$5.8M | — | — |
| Net earnings | −$27.3M | — | — |
| Operating cash flow | −$6.9M | -290% | — |
What changed
Revenue was $14.2M in Q1 2025, up 34% year over year and down 15% from the previous quarter. Product was the largest line at 77% of revenue. Product added $3.5M year over year (up 47%), 98% of the total change.
Operating costs exceeded revenue by $5.8M, an operating margin of -40.9%. Total costs grew 48% against revenue growth of 34%. The fastest-growing cost line was SG&A (+64%). The quarter ended with a net loss of $27.3M, wider than the previous quarter's $18.7M loss. Net interest and other expense of $21.6M was the main reason.
Operating cash flow was −$6.9M. Non-cash charges added back $1.1M of depreciation and amortization and $654K of share-based compensation. Working capital and other items added $18.7M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$6.9M.
Questions
What was Lensar's revenue in the first quarter 2025?
Lensar (LNSR) reported revenue of $14.2M for the first quarter 2025 (Q1 2025), +34% from a year earlier and -15% from the quarter before.
Was Lensar profitable in the first quarter 2025?
Operating loss was $5.8M (-40.9% of revenue) and net loss $27.3M.
Source: Lensar 10-Q on SEC EDGAR.