Lensar (LNSR) Q4 2025 Earnings Transcript

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Date

Friday, May 8, 2026 astatine 8:30 a.m. ET

Call participants

• Chief Executive Officer — Nicholas Curtis

• Chief Financial Officer — Thomas Staab

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Full Conference Call Transcript

Nick Curtis, Chief Executive Officer; and Tom Staab, Chief Financial Officer of LENSAR, who volition supply an overview of caller developments, our go-forward strategy and our Q4 fiscal results. Following these prepared remarks, we'll crook the telephone backmost implicit to the relation to reply your questions. Before we begin, I'd similar to punctual you each that today's league telephone volition incorporate forward-looking statements, including statements regarding our aboriginal results, unaudited and forward-looking fiscal accusation arsenic good arsenic accusation connected the company's aboriginal show and/or achievements.

These statements are taxable to known and chartless risks and uncertainties, which whitethorn origin our existent results, show oregon achievements to beryllium materially antithetic from immoderate aboriginal results oregon show expressed oregon implied connected this call. We caution you not to spot immoderate undue reliance connected these forward-looking statements. For further information, including a elaborate treatment of the hazard factors, delight notation to our documents filed with the Securities and Exchange Commission, which tin beryllium accessed connected the website. In addition, this telephone contains time-sensitive accusation close lone arsenic of the day of this unrecorded broadcast, March 31, 2026.

LENSAR undertakes nary work to revise oregon update immoderate forward-looking statements to bespeak events oregon circumstances aft the day of this unrecorded call. With that said, it's present my pleasance to crook the telephone implicit to Nick Curtis, Chief Executive Officer of LENSAR. Nick?

Nicholas Curtis: Thank you, Lee. Good morning, everyone. I admit you joining america today. It is nary uncertainty an understatement to accidental 2025 was a unsocial and unprecedented twelvemonth for LENSAR. We instrumentality large restitution knowing that the starring oculus attraction institution successful the world, Alcon, publically recognized the worth of ALLY and LENSAR fixed the associated acquisition announcement made successful March of 2025. This validates our connection that ALLY is the champion next-generation technology, delivering important and applicable show improvements successful each of the captious elements of laser-assisted cataract surgery, including precocious ergonomics, efficiencies, imaging and automated attraction readying with a dual modality laser.

ALLY is the lone strategy that employs instrumentality learning and compute powerfulness during attraction readying and optimized attraction to present outcomes that are amended than immoderate first-generation competitor. The termination of the acquisition statement was a communal pragmatic determination made aft a twelvemonth of focused effort and sizeable disbursal from some sides. While this acquisition was approved overwhelmingly by our stockholders, ultimately, we made the determination to terminate due to the fact that the Federal Trade Commission would question to enjoin the merger. While some parties enactment towards offering acceptable accommodation to let it to close, it became wide the FTC was not unfastened to changing their position. We were disappointed successful the outcome.