LENSAR, Inc. reported its fourth quarter and full-year 2024 financial results on February 27, 2025, announcing record full-year revenue of $53.5 million, a 27% increase over 2023. Fourth-quarter revenue also grew by 38% to $16.7 million compared to the same period in 2023, driven by ALLY System sales and procedure volume.
The company placed 31 ALLY systems in Q4 2024, bringing total ALLY placements for the year to over 80, an 86% increase from 2023. The total installed base of LENSAR systems reached approximately 385 by year-end 2024, a 26% increase year-over-year, with recurring revenue exceeding $40 million for the full year.
LENSAR achieved positive Adjusted EBITDA for both Q3 and Q4 2024, with Q4 Adjusted EBITDA at $0.5 million. For 2025, the company anticipates top-line revenue growth to exceed the 27% achieved in 2024 and expects to achieve positive Adjusted EBITDA for the full year, driven by strong demand and international clearances.
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