$LNSR
LENSAR Inc

2022 Q3 Form 10-Q Financial Statement

#000156459022028477 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $7.748M $8.038M $7.941M
YoY Change 10.89% 1.46% 12.75%
Cost Of Revenue $3.859M $3.146M $4.648M
YoY Change -12.71% -9.18% 47.6%
Gross Profit $3.889M $4.892M $4.692M
YoY Change 0.99% 9.74% 20.49%
Gross Profit Margin 50.19% 60.86% 59.09%
Selling, General & Admin $6.119M $7.569M $6.278M
YoY Change -6.19% 37.17% 4.03%
% of Gross Profit 157.34% 154.72% 133.8%
Research & Development $1.577M $3.834M $4.788M
YoY Change -50.47% 27.54% 74.36%
% of Gross Profit 40.55% 78.37% 102.05%
Depreciation & Amortization $276.0K $856.0K $541.0K
YoY Change -60.68% 31.29% 64.94%
% of Gross Profit 7.1% 17.5% 11.53%
Operating Expenses $7.696M $11.40M $11.38M
YoY Change -23.16% 33.78% 29.54%
Operating Profit -$4.083M -$6.798M -$6.683M
YoY Change -33.77% 55.38% 28.52%
Interest Expense $92.00K $39.00K $9.000K
YoY Change 820.0% 200.0% -55.0%
% of Operating Profit
Other Income/Expense, Net $92.00K $39.00K $9.000K
YoY Change 820.0% 200.0% -50.0%
Pretax Income -$3.991M -$6.759M -$6.674M
YoY Change -35.16% 54.95% 28.84%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.991M -$6.759M -$6.674M
YoY Change -35.16% 54.95% 28.79%
Net Earnings / Revenue -51.51% -84.09% -84.04%
Basic Earnings Per Share -$0.39 -$0.67 -$0.67
Diluted Earnings Per Share -$0.39 -$0.67 -$669.6K
COMMON SHARES
Basic Shares Outstanding 11.02M 10.07M 9.967M
Diluted Shares Outstanding 10.23M 10.07M 9.967M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.29M $25.20M $28.98M
YoY Change -40.35% -27.08% -19.2%
Cash & Equivalents $19.29M $25.20M $28.98M
Short-Term Investments
Other Short-Term Assets $1.302M $1.230M $1.508M
YoY Change 30.2% -14.11% -17.14%
Inventory $7.890M $5.856M $4.279M
Prepaid Expenses
Receivables $3.560M $2.760M $3.585M
Other Receivables $126.0K $164.0K $194.0K
Total Short-Term Assets $32.17M $35.21M $38.55M
YoY Change -31.05% -31.73% -27.6%
LONG-TERM ASSETS
Property, Plant & Equipment $639.0K $680.0K $755.0K
YoY Change -37.04% -88.01% 1.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.861M $2.950M $3.082M
YoY Change -14.57% -15.35% -14.91%
Total Long-Term Assets $22.63M $23.49M $21.75M
YoY Change 5.54% 12.31% 7.14%
TOTAL ASSETS
Total Short-Term Assets $32.17M $35.21M $38.55M
Total Long-Term Assets $22.63M $23.49M $21.75M
Total Assets $54.80M $58.70M $60.30M
YoY Change -19.53% -19.02% -18.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.506M $4.191M $2.852M
YoY Change 46.14% 46.64% 67.57%
Accrued Expenses $4.948M $4.372M $3.406M
YoY Change 17.7% 32.81% 23.36%
Deferred Revenue $789.0K $937.0K $989.0K
YoY Change -14.43% 2.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.788M $11.22M $7.763M
YoY Change 21.86% 45.29% 30.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.00K $37.00K $52.00K
YoY Change -75.56% -98.82% -46.39%
Total Long-Term Liabilities $22.00K $37.00K $52.00K
YoY Change -75.56% -98.82% -46.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.788M $11.22M $7.763M
Total Long-Term Liabilities $22.00K $37.00K $52.00K
Total Liabilities $12.22M $13.80M $10.49M
YoY Change 10.52% 27.1% 13.82%
SHAREHOLDERS EQUITY
Retained Earnings -$95.02M -$91.03M -$84.27M
YoY Change 28.94% 34.78% 33.39%
Common Stock $137.6M $135.9M $134.1M
YoY Change 5.25% 5.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.58M $44.90M $49.81M
YoY Change
Total Liabilities & Shareholders Equity $54.80M $58.70M $60.30M
YoY Change -19.53% -19.02% -18.01%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$3.991M -$6.759M -$6.674M
YoY Change -35.16% 54.95% 28.79%
Depreciation, Depletion And Amortization $276.0K $856.0K $541.0K
YoY Change -60.68% 31.29% 64.94%
Cash From Operating Activities -$4.701M -$2.790M -$2.607M
YoY Change 118.75% 90.97% -43.56%
INVESTING ACTIVITIES
Capital Expenditures -$2.000K -$10.00K -$46.00K
YoY Change -96.88% -58.33% -140.35%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.000K -$10.00K -$46.00K
YoY Change -96.88% -58.33% -59.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.200M -988.0K
YoY Change -681.18%
NET CHANGE
Cash From Operating Activities -4.701M -2.790M -2.607M
Cash From Investing Activities -2.000K -10.00K -46.00K
Cash From Financing Activities -1.200M -988.0K
Net Change In Cash -5.903M -3.788M -2.653M
YoY Change 166.74% 188.06% -43.95%
FREE CASH FLOW
Cash From Operating Activities -$4.701M -$2.790M -$2.607M
Capital Expenditures -$2.000K -$10.00K -$46.00K
Free Cash Flow -$4.699M -$2.780M -$2.561M
YoY Change 125.37% 93.46% -45.89%

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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
260000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
258000
lnsr Provision For Doubtful Accounts And Notes Receivable
ProvisionForDoubtfulAccountsAndNotesReceivable
125000
lnsr Provision For Doubtful Accounts And Notes Receivable
ProvisionForDoubtfulAccountsAndNotesReceivable
5000
lnsr Gross Inventory Write Down
GrossInventoryWriteDown
4000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-120000
us-gaap Share Based Compensation
ShareBasedCompensation
3244000
us-gaap Share Based Compensation
ShareBasedCompensation
3750000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1871000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
691000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-470000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-423000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
818000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
840000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1497000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
326000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-232000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1236000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
87000
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-91027000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5397000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6081000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
134000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-134000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1200000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
212000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
170000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-988000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
170000
CY2022Q2 us-gaap Inventory Net
InventoryNet
5856000
CY2021Q4 us-gaap Inventory Net
InventoryNet
6488000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6441000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6045000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31637000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40599000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25196000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
34554000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19000
lnsr Transfer From Inventories To Equipment Under Lease Net
TransferFromInventoriesToEquipmentUnderLeaseNet
1860000
lnsr Transfer From Inventories To Property And Equipment Net
TransferFromInventoriesToPropertyAndEquipmentNet
34000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
51000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
54879000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-6674000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
49812000
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
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
67210000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2301000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-5182000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
64329000
CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
170000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1491000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-4362000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
61628000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Accounting Estimates </p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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, and the recognition and measurement of current and deferred income tax assets and 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. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The COVID-19 pandemic continues to directly and indirectly impact the Company’s business, results of operations and financial condition, including revenue, expenses, reserves and allowances. The Company continues to monitor developments that are highly uncertain, including supply chain disruptions and price increases, as well as the economic impact on domestic and international suppliers, customers, and markets. The Company assessed certain accounting matters that require consideration of forecasted financial information, including, but not limited to, its current expected credit losses, the carrying value of the Company's intangible assets and other long-lived assets, and valuation allowances in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of June 30, 2022 and through the date of this report. As a result of these assessments, there were no impairments or material increases in expected credit losses or valuation allowances that impacted the Company's condensed financial statements as of and for the three and six months ended June 30, 2022 and 2021. However, the Company's future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to the condensed financial statements in future reporting periods. </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6623000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6782000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14564000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12714000
CY2022Q2 us-gaap Lease Income
LeaseIncome
1415000
CY2021Q2 us-gaap Lease Income
LeaseIncome
1140000
us-gaap Lease Income
LeaseIncome
2814000
us-gaap Lease Income
LeaseIncome
2251000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2760000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4638000
CY2022Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
164000
CY2021Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
350000
lnsr Accounts Receivables Payment Terms
AccountsReceivablesPaymentTerms
P30D
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
47000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-6000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
16000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
19000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
27000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2433000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1907000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
309000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
181000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
63000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
130000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
11000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
182000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-3000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
970000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
637000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
633000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
974000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1051000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
713000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
622000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1142000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4830000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1884000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4319000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
273000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
173000
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
3699000
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1996000
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1415000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1140000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2814000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2251000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18762000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6088000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12674000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16362000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5492000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10870000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P15Y
CY2019Q4 lnsr Contingent Milestone Payments
ContingentMilestonePayments
2400000
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P15Y
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
287000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
309000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
596000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
622000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2953000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1097000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1085000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1074000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1064000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1055000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4346000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12674000
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2320000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3375000
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1173000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
526000
CY2022Q2 lnsr Accrued Customer Advances
AccruedCustomerAdvances
395000
CY2021Q4 lnsr Accrued Customer Advances
AccruedCustomerAdvances
159000
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
21000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
45000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
463000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
499000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4372000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4604000
CY2022Q2 lnsr Contingent Milestone Payments Upon Regulatory Clearance
ContingentMilestonePaymentsUponRegulatoryClearance
1200000
CY2022Q2 lnsr Contingent Milestone Payments Upon Commercialization
ContingentMilestonePaymentsUponCommercialization
1200000
lnsr Additional Royalty Payments Percentage
AdditionalRoyaltyPaymentsPercentage
0.03
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
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
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.90
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
503
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1050
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3490000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y10M24D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1637000
CY2022Q2 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
3263000
CY2022Q2 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
4218000
CY2022Q2 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
981000
CY2022Q2 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
625000
CY2022Q2 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
14000
CY2022Q2 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortization
9101000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6759000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6759000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4362000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4362000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13433000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13433000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9544000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9544000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10073000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10073000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9296000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9296000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10020000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10020000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9242000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9242000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.67
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.03
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2135000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1954000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2129000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1759000

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