$LNSR
LENSAR Inc

2023 Q4 Form 10-Q Financial Statement

#000095017023062153 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $12.11M $9.795M
YoY Change 18.31% 26.42%
Cost Of Revenue $6.956M $4.918M
YoY Change 85.49% 27.44%
Gross Profit $5.149M $4.877M
YoY Change -20.56% 25.4%
Gross Profit Margin 42.54% 49.79%
Selling, General & Admin $6.374M $5.117M
YoY Change -11.52% -16.38%
% of Gross Profit 123.79% 104.92%
Research & Development $1.463M $1.527M
YoY Change -9.41% -3.17%
% of Gross Profit 28.41% 31.31%
Depreciation & Amortization $924.0K $880.0K
YoY Change 8.32% 218.84%
% of Gross Profit 17.95% 18.04%
Operating Expenses $8.110M $6.644M
YoY Change -10.83% -13.67%
Operating Profit -$2.961M -$2.040M
YoY Change 13.32% -50.04%
Interest Expense $233.0K $270.0K
YoY Change 89.43% 193.48%
% of Operating Profit
Other Income/Expense, Net -$1.198M $265.0K
YoY Change 188.04%
Pretax Income -$3.926M $2.570M
YoY Change 57.67% -164.39%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings -$3.926M $2.568M
YoY Change 57.67% -164.34%
Net Earnings / Revenue -32.43% 26.22%
Basic Earnings Per Share $0.13
Diluted Earnings Per Share -$0.35 -$0.23
COMMON SHARES
Basic Shares Outstanding 11.25M 11.25M
Diluted Shares Outstanding 11.96M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.06M $24.92M
YoY Change 63.99% 29.17%
Cash & Equivalents $20.62M $24.92M
Short-Term Investments $3.443M
Other Short-Term Assets $1.385M $1.240M
YoY Change 30.41% -4.76%
Inventory $15.69M $17.48M
Prepaid Expenses
Receivables $4.001M $3.848M
Other Receivables $323.0K $260.0K
Total Short-Term Assets $46.44M $48.65M
YoY Change 37.75% 51.21%
LONG-TERM ASSETS
Property, Plant & Equipment $679.0K $482.0K
YoY Change 20.6% -24.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $492.0K
YoY Change
Other Assets $2.207M $2.341M
YoY Change -17.8% -18.18%
Total Long-Term Assets $23.14M $22.21M
YoY Change 4.58% -1.86%
TOTAL ASSETS
Total Short-Term Assets $46.44M $48.65M
Total Long-Term Assets $23.14M $22.21M
Total Assets $69.59M $70.85M
YoY Change 24.61% 29.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.007M $3.936M
YoY Change -26.1% 12.26%
Accrued Expenses $5.717M $5.457M
YoY Change 21.64% 10.29%
Deferred Revenue $1.349M $1.064M
YoY Change 75.65% 34.85%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.63M $11.01M
YoY Change 1.85% 12.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $570.0K $560.0K
YoY Change 241.32% 2445.45%
Total Long-Term Liabilities $570.0K $560.0K
YoY Change 241.32% 2445.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.63M $11.01M
Total Long-Term Liabilities $570.0K $560.0K
Total Liabilities $22.41M $20.72M
YoY Change 61.68% 69.61%
SHAREHOLDERS EQUITY
Retained Earnings -$111.9M -$108.0M
YoY Change 14.75% 13.63%
Common Stock $145.3M $144.3M
YoY Change 4.18% 4.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.43M $36.38M
YoY Change
Total Liabilities & Shareholders Equity $69.59M $70.85M
YoY Change 24.61% 29.29%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.926M $2.568M
YoY Change 57.67% -164.34%
Depreciation, Depletion And Amortization $924.0K $880.0K
YoY Change 8.32% 218.84%
Cash From Operating Activities -$480.0K -$340.0K
YoY Change -89.91% -92.77%
INVESTING ACTIVITIES
Capital Expenditures $45.00K $0.00
YoY Change -21.05% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$3.920M
YoY Change
Cash From Investing Activities -$3.965M $0.00
YoY Change 6856.14% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 146.0K -200.0K
YoY Change -25.51% -83.33%
NET CHANGE
Cash From Operating Activities -480.0K -340.0K
Cash From Investing Activities -3.965M 0.000
Cash From Financing Activities 146.0K -200.0K
Net Change In Cash -4.299M -540.0K
YoY Change -6.93% -90.85%
FREE CASH FLOW
Cash From Operating Activities -$480.0K -$340.0K
Capital Expenditures $45.00K $0.00
Free Cash Flow -$525.0K -$340.0K
YoY Change -89.1% -92.76%

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10098000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
191000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-191000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58000
lnsr Proceeds From Temporary Equity And Net Of Offering Costs
ProceedsFromTemporaryEquityAndNetOfOfferingCosts
13882000
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5605000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
181000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
212000
lnsr Payment For Net Settlement Of Stock Based Compensation Awards
PaymentForNetSettlementOfStockBasedCompensationAwards
52000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2400000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19616000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2188000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10246000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12344000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14674000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31637000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24920000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
19293000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000
lnsr Transfer From Inventories To Equipment Under Lease Net
TransferFromInventoriesToEquipmentUnderLeaseNet
2879000
lnsr Transfer From Inventories To Equipment Under Lease Net
TransferFromInventoriesToEquipmentUnderLeaseNet
1496000
lnsr Transfer From Inventories To Property And Equipment Net
TransferFromInventoriesToPropertyAndEquipmentNet
-746000
lnsr Transfer From Inventories To Property And Equipment Net
TransferFromInventoriesToPropertyAndEquipmentNet
34000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31000
lnsr Accrued Offering Costs Related To Non Cash Investing And Financing Activities
AccruedOfferingCostsRelatedToNonCashInvestingAndFinancingActivities
135000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
41984000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1726000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-4272000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
39438000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1824000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
181000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-8753000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
32690000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1173000
CY2023Q3 lnsr Stock Issued During Period Value Employee Benefit Plan Net Of Forfeitures
StockIssuedDuringPeriodValueEmployeeBenefitPlanNetOfForfeitures
-48000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
2568000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
36383000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
54879000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1607000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-6674000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
49812000
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
212000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1637000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-6759000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
44902000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1672000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-3991000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
42583000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-107965000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Accounting Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying notes to the condensed financial statements. The accounting estimates that require management’s most significant, difficult and subjective judgments include, but are not limited to, revenue recognition and allowance for expected credit losses, the valuation of notes receivable and inventory, the assessment of recoverability of intangible assets and their estimated useful lives, the valuation and recognition of stock-based compensation, operating lease right-of-use assets and liabilities, the recognition and measurement of current and deferred income tax assets and liabilities, and the valuation of warrant liabilities. Management evaluates its estimates on an ongoing basis as there are changes in circumstances, facts, and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from these estimates.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of the date of issuance of these unaudited condensed interim financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update estimates, judgments or revise the carrying value of any assets or liabilities.</span></p>
CY2023Q3 lnsr Warrant Derivative Liabilities
WarrantDerivativeLiabilities
7259000
CY2023Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7259000
CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8271000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6276000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25215000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20840000
CY2023Q3 us-gaap Lease Income
LeaseIncome
1524000
CY2022Q3 us-gaap Lease Income
LeaseIncome
1472000
us-gaap Lease Income
LeaseIncome
4844000
us-gaap Lease Income
LeaseIncome
4286000
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3848000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6040000
CY2023Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
264000
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
200000
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1064000
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
768000
lnsr Accounts Receivables Payment Terms
AccountsReceivablesPaymentTerms
P30D
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
56000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
36000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
47000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
17000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
31000
CY2023Q3 us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
19000
CY2022Q3 us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
3000
us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
51000
us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
11000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
15000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
28000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
59000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
332000
lnsr Contract With Customer Asset Recognised
ContractWithCustomerAssetRecognised
1052000
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
350000
lnsr Contract With Customer Asset Write Off Due To Contract Modification
ContractWithCustomerAssetWriteOffDueToContractModification
146000
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
888000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
935000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1497000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
814000
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1618000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
970000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
674000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
814000
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
830000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18525000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1953000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5725000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4525000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3008000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2167000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1026000
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
118000
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7266000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4002000
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2070000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
797000
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
8145000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
6941000
CY2023Q3 us-gaap Inventory Net
InventoryNet
17481000
CY2022Q4 us-gaap Inventory Net
InventoryNet
11740000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1524000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1472000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4844000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
4286000
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18762000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7464000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11298000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18762000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6640000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12122000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P15Y
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
273000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
276000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
824000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
872000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
273000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1125000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1234000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1224000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1215000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1008000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5219000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11298000
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3618000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3348000
CY2023Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
691000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
437000
CY2023Q3 lnsr Accrued Customer Advances
AccruedCustomerAdvances
69000
CY2022Q4 lnsr Accrued Customer Advances
AccruedCustomerAdvances
171000
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
212000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
120000
CY2023Q3 lnsr Accrued Offering Costs
AccruedOfferingCosts
187000
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
680000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
624000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5457000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4700000
CY2023Q2 lnsr Stock And Warrants Issued During Period Shares Common Stock And Warrants
StockAndWarrantsIssuedDuringPeriodSharesCommonStockAndWarrants
4367000
lnsr Warrant Liability Percentage Of Floor Rate On Volatility Input
WarrantLiabilityPercentageOfFloorRateOnVolatilityInput
1
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
20000000
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5605000
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
14395000
lnsr Fair Value Of Warrant Liabilities Assumptions Risk Free Interest Rate
FairValueOfWarrantLiabilitiesAssumptionsRiskFreeInterestRate
0.046
CY2023Q2 lnsr Fair Value Of Warrant Liabilities Assumptions Risk Free Interest Rate
FairValueOfWarrantLiabilitiesAssumptionsRiskFreeInterestRate
0.037
lnsr Fair Value Of Warrant Liabilities Assumptions Expected Term
FairValueOfWarrantLiabilitiesAssumptionsExpectedTerm
P4Y7M6D
CY2023Q2 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Term
FairValueOfWarrantLiabilitiesAssumptionsExpectedTerm
P5Y
lnsr Fair Value Of Warrant Liabilities Assumptions Expected Volatility
FairValueOfWarrantLiabilitiesAssumptionsExpectedVolatility
0.55
CY2023Q2 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Volatility
FairValueOfWarrantLiabilitiesAssumptionsExpectedVolatility
0.55
lnsr Fair Value Of Warrant Liabilities Assumptions Dividends
FairValueOfWarrantLiabilitiesAssumptionsDividends
0
CY2023Q2 lnsr Fair Value Of Warrant Liabilities Assumptions Dividends
FairValueOfWarrantLiabilitiesAssumptionsDividends
0
lnsr Additional Royalty Payments Percentage
AdditionalRoyaltyPaymentsPercentage
0.03
CY2023Q3 lnsr Reduction Of Selling General And Administrative Expenses
ReductionOfSellingGeneralAndAdministrativeExpenses
1368000
lnsr Offering Costs
OfferingCosts
901000
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Company has a single class of common stock in which stockholders are entitled to one vote for each share of common stock
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2021Q2 lnsr Maximum Value Of Common And Preferred Stock And Other Securities Issuable
MaximumValueOfCommonAndPreferredStockAndOtherSecuritiesIssuable
100000000
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.94
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
655
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2445
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2927000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Year Two
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationYearTwo
1005000
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.041
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.043
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.027
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.034
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.035
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.043
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.015
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.034
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.57
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.70
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.70
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1173000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1672000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4723000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4916000
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Remainder Of Fiscal Year
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationRemainderOfFiscalYear
793000
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Next Twelve Months
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationNextTwelveMonths
2114000
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Year Three
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationYearThree
215000
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Year Four
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationYearFour
6000
CY2023Q3 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortization
4133000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
2568000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-3991000
us-gaap Net Income Loss
NetIncomeLoss
-10457000
us-gaap Net Income Loss
NetIncomeLoss
-17424000
CY2023Q3 lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
0.56
CY2022Q3 lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1
lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1
lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1433000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3991000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10457000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17424000
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4343000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2800000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3991000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-10457000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17424000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11102000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10225000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10881000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10089000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11956000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10225000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10881000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10089000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.73
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.73
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11102000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10225000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10881000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10089000
CY2023Q3 lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
0.56
CY2022Q3 lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1
lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1
lnsr Percentage Of Earnings Loss Allocated To Common Shareholders
PercentageOfEarningsLossAllocatedToCommonShareholders
1

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