LENSAR Inc. reported Q1 2026 earnings with an EPS of $0, missing the anticipated $0.18, a 100% surprise. However, revenue slightly exceeded forecasts at $13.43 million.
The stock rose 10.52% to $5.78 post-announcement, with additional premarket gains of 1.91% to $5.88, reflecting investor confidence in recurring revenue growth.
Recurring revenue increased 9% to $12.6 million, representing 94% of total revenue. The installed base of ALLY systems reached 205, with 11 in backlog.
CEO Nick Curtis emphasized the company's independent path after the terminated Alcon merger, focusing on ALLY system adoption and recurring revenue strength.
