LENSAR (NASDAQ:LNSR) Issues Earnings Results

LENSAR (NASDAQ:LNSRGet Free Report) released its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, Zacks reports. LENSAR had a negative net margin of 34.11% and a negative return on equity of 40.53%. The firm had revenue of $10.59 million for the quarter.

LENSAR Price Performance

NASDAQ:LNSR traded down $0.04 during trading hours on Friday, hitting $3.78. 50,743 shares of the stock traded hands, compared to its average volume of 28,899. The stock has a 50 day moving average price of $3.53 and a 200 day moving average price of $3.34. LENSAR has a 1 year low of $1.80 and a 1 year high of $5.30.

Analysts Set New Price Targets

Separately, Lake Street Capital initiated coverage on LENSAR in a research report on Tuesday, March 19th. They issued a “buy” rating and a $8.00 price target for the company.

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LENSAR, Inc, a commercial-stage medical device company, focuses on designing, developing, and marketing a femtosecond laser system for the treatment of cataracts and the management of pre-existing or surgically induced corneal astigmatism. It offers LENSAR Laser System that incorporates a range of proprietary technologies designed to assist the surgeon in obtaining visual outcomes, efficiency, and reproducibility by providing imaging, procedure planning, design, and precision.

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Earnings History for LENSAR (NASDAQ:LNSR)

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