LENSAR Q3 2026 loss widens to $4.72M as revenue dips
Recurring revenue represented 89% of quarterly revenue, while LENSAR placed 10 ALLY systems and had 12 pending installation at quarter-end.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
LENSAR, Inc. reported third-quarter 2026 revenue of $14.131 million, down 1% from $14.316 million a year earlier. Recurring revenue, which includes procedure, lease and service revenue, rose 17% to $12.584 million from $10.770 million and represented 89% of total revenue, versus 75%. Procedure revenue was $9.168 million, up 17%; procedure volume was 52,545, up 12% from 46,811.
LENSAR placed 10 ALLY systems during the quarter. Its ALLY installed base was approximately 225 systems and its total laser installed base approximately 450; backlog was 12 ALLY systems pending installation as of September 30, 2026. Net loss was $4.723 million, compared with $3.713 million in Q3 2025. Adjusted EBITDA, a non-GAAP measure, was $1.669 million versus a loss of $298,000.
Cash, cash equivalents and investments totaled $12.6 million as of September 30, 2026, compared with $18.0 million at December 31, 2025.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointRecurring revenue rose 17% to $12.584 million year over year.
- Moderate pointAdjusted EBITDA reached $1.669 million, versus a $298,000 loss.
Negative
- Moderate pointNet loss was $4.723 million, compared with $3.713 million a year earlier.
Filing Explained
As of September 30, 2026, 20 thousand Series A redeemable convertible preferred shares were outstanding, with an aggregate liquidation preference of $20,000 thousand.
In the Q3 results release, LENSAR reports 12,291 thousand common shares issued and outstanding at
8-K Event Classification
Key Figures
Key Terms
recurring revenue financial
Adjusted EBITDA financial
warrant liabilities financial
procedure volume medical
dual-modality laser technical
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was LNSR's revenue in Q3 2026?
How much did LNSR lose in Q3 2026?
What revenue does LENSAR include in recurring revenue?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 10, 2026, LENSAR, Inc. (the “Company”) issued a press release announcing financial results for the fiscal quarter ended September 30, 2026. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information furnished in this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description |
99.1 |
Press Release of LENSAR, Inc., dated November 10, 2026 |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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LENSAR, Inc. |
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Date: |
November 10, 2026 |
By: |
/s/ Nicholas T. Curtis |
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Name: Title: |
Nicholas T. Curtis |
Exhibit 99.1
LENSAR® Reports Third Quarter 2026 Financial Results and Provides Business Update
10 ALLY Robotic Cataract Laser Systems® (“ALLY System”) Placements in Third Quarter 2026; Backlog of 12 ALLY Systems as of September 30, 2026
Third Quarter Recurring Revenue Grew 17% Year Over Year to $12.6 Million
Total Laser Installed Base Reaches 450 Systems; ALLY System Installed Base Expands 22% Year Over Year
ORLANDO, Fla. (Nov 10, 2026) - LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or the “Company”), a global medical technology company focused on advanced robotic laser solutions for the treatment of cataracts, today announced financial results for the quarter ended September 30, 2026 and provided an update on key operational initiatives.
“In-line with the expectations we shared in August, our third quarter results reflected the typical summer seasonality during which surgical scheduling and purchasing decisions contribute to a more measured pace of activity, leading to a sequential decline from a very strong second quarter,” said Nick Curtis, President and CEO of LENSAR. “Total revenue declined 1% year-over-year due to lower system sales against a robust number of sold systems in the prior year period, which was partially offset by growth in both procedure volume and recurring revenue. We see the year-over-year growth in these two revenue indicators as clear evidence of the increasing strength of our operational foundation, which we plan to continue leveraging to drive sustainable growth over the long-term.”
“LENSAR was built on innovation, and that remains a fundamental aspect of how we intend to continue competing and gain further ground in the laser cataract surgery market,” continued Curtis. “Over the quarter, our ALLY installed base grew to approximately 225 systems, expanding our opportunity to support surgeons and generate recurring revenue through continued growth in procedure volumes. We remain focused on advancing the capabilities and adoption of our technology, deepening relationships with surgeon partners and distributors, and utilizing this growing installed base to drive success. While quarterly results may fluctuate due to the timing of system sales and placements, among other factors, our commitment to innovation and disciplined commercial execution remains unchanged.”
LENSAR Q3 2026 Financial Summary
Metric |
Q3 2026 |
Q3 2025 |
% Change |
Revenue |
$14.1M |
$14.3M |
-1% |
Recurring revenue |
$12.6M |
$10.8M |
+17% |
Procedure revenue |
$9.2M |
$7.8M |
+17% |
Procedure volume |
52,545 |
46,811 |
+12% |
Recurring revenue % |
89% |
75% |
+14 pts |
Total Laser Installed Base |
450 |
425 |
+6% |
Total ALLY Installed Base |
225 |
185 |
+22% |
Net Loss |
$(4.7)M |
$(3.7)M |
N/M |
Adjusted EBITDA |
$1.7M |
$(0.3)M |
N/M |
*N/M = Not meaningful
Third Quarter 2026 Financial Results
During the three months ended September 30, 2026, total revenue was $14.1 million, compared with $14.3 million in the prior year period. As disclosed in the Company’s second quarter operational update, the third quarter is typically the slowest of the year for cataract procedures and sales activity given extended holidays in various parts of the world and
summer vacations in the United States. Procedure volume was 52,545 in the third quarter, compared with 46,811 in the third quarter of 2025. Recurring revenue increased 17% year over year to $12.6 million and represented 89% of total revenue, compared with $10.8 million, or 75% of total revenue a year earlier.
The Company placed 10 ALLY Systems during the third quarter, bringing the total installed ALLY base to approximately 225 ALLY Systems at quarter end. The total installed base reached approximately 450 systems. As of September 30, 2026, the Company had a backlog of 12 ALLY Systems pending installation. The Company continues to prioritize differentiated technology and broader adoption of the ALLY System as it works to strengthen its recurring revenue base over time.
The following table provides information about revenue and recurring revenue, which we consider to be all components of our revenue except for the sales of our systems:
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Three Months Ended |
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Nine Months Ended |
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(Dollars in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
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System |
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$ |
1,547 |
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$ |
3,546 |
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$ |
5,192 |
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$ |
8,754 |
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Recurring revenue: |
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Procedure |
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9,168 |
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7,821 |
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28,641 |
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24,441 |
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Lease |
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1,712 |
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1,560 |
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5,165 |
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5,089 |
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Service |
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1,704 |
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1,389 |
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5,056 |
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4,126 |
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Total recurring revenue |
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12,584 |
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10,770 |
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38,862 |
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33,656 |
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Total revenue |
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$ |
14,131 |
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$ |
14,316 |
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$ |
44,054 |
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$ |
42,410 |
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Recurring revenue % |
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89 |
% |
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75 |
% |
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88 |
% |
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79 |
% |
The following table provides information about procedure volume:
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2026 |
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2025 |
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2024 |
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Q1 |
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54,094 |
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52,347 |
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39,486 |
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Q2 |
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58,682 |
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52,100 |
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42,203 |
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Q3 |
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52,545 |
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46,811 |
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42,231 |
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Total |
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165,321 |
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151,258 |
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123,920 |
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Cash, cash equivalents, and investments totaled $12.6 million as of September 30, 2026, compared to $18.0 million at December 31, 2025.
Conference Call
LENSAR management will host a conference call and live webcast to discuss the results and provide an update on the Company today, November 10, 2026, at 8:30 a.m. ET.
To participate by telephone, please use this registration link. All participants must use the link to complete the online registration process in advance of the conference call. The live webcast can be accessed under “Events & Presentations” in the Investor Relations section of the company’s website at https://ir.lensar.com. The call and webcast replay will be available for 30 days.
About LENSAR
LENSAR is a commercial-stage medical device company focused on designing, developing, and marketing advanced systems for the treatment of cataracts and the management of astigmatism as an integral aspect of the procedure. LENSAR has developed its ALLY Robotic Cataract Laser System® as a compact, highly ergonomic system utilizing an extremely fast dual-modality laser and proprietary imaging and software. ALLY is designed to transform premium cataract surgery by utilizing LENSAR’s advanced robotic technologies with the ability to perform the entire procedure in a sterile operating room or in-office surgical suite, delivering operational efficiencies and reduced overhead. ALLY includes LENSAR’s proprietary Streamline® software technology, designed to guide surgeons to achieve better outcomes.
Forward-looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding trends in worldwide procedure volume, including seasonality factors, ALLY’s commercialization and the Company’s operational and financial performance and long-term strategic goals. In some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “approach,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “goal,” “intend,” “look,” “may,” “mission,” “plan,” “possible,” “potential,” “predict,” “project,” “pursue,” “should,” “target,” “will,” “would,” or the negative thereof and similar words and expressions.
Forward-looking statements are based on management’s current expectations, beliefs and assumptions and on information currently available to us. Such statements are subject to a number of known and unknown risks, uncertainties and assumptions, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various important factors, including, but not limited to: any anticipated effects of the termination of the agreement governing the merger on the value of our common stock; the outcome of any legal proceedings that may be instituted against us and others relating to the merger; our history of operating losses and ability to achieve or sustain profitability; our ability to develop, receive and maintain regulatory clearance or certification of and successfully commercialize the ALLY System and to maintain our LENSAR Laser System; the impact to our business, financial condition, results of operations and our suppliers and distributors as a result of global macroeconomic conditions; the willingness of patients to pay the price difference for our products compared to a standard cataract procedure covered by Medicare or other insurance; our ability to grow our U.S. sales and marketing organization or maintain or grow an effective network of international distributors; our future capital needs and our ability to raise additional funds on acceptable terms, or at all; the impact to our business, financial condition and results of operations as a result of a material disruption to the supply or manufacture of our systems or necessary component parts for such system or material inflationary pressures or enacted tariffs affecting pricing of component parts; our ability to compete against competitors that have longer operating histories, more established products and greater resources than we do; our ability to address the numerous risks associated with marketing, selling and leasing our products in markets outside the United States; the impact to our business, financial condition and results of operations as a result of exposure to the credit risk of our customers; our ability to accurately forecast customer demand and manage our inventory levels; the impact to our business, financial condition and results of operations if we are unable to secure adequate coverage or reimbursement by government or other third-party payors for procedures using our ALLY System or our other products, or changes in such coverage or reimbursement; the impact to our business, financial condition and results of operations of product liability suits brought against us; risks related to government regulation applicable to our products and operations; and risks related to our intellectual property and other intellectual property matters. In addition, a number of other important factors could cause the Company’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to the other important factors that are disclosed under the heading “Risk Factors” contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in its other filings with the SEC, including the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026, to be filed with the SEC, each accessible on the SEC’s website at www.sec.gov and the Investor Relations section of the Company’s website at https://ir.lensar.com.
All forward-looking statements are expressly qualified in their entirety by such factors. Except as required by law, the Company undertakes no obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.
Contacts: |
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Lee Roth |
Mike Rossi, Interim CFO |
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Burns McClellan for LENSAR |
ir.contact@lensar.com |
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lroth@burnsmc.com |
Non-GAAP Financial Measures: The Company prepares and analyzes operating and financial data and non-GAAP measures to assess the performance of its business, make strategic and offering decisions and build its financial projections. The key non-GAAP measures it uses are EBITDA and Adjusted EBITDA. EBITDA is defined as net (loss) income before interest expense, interest income, income tax expense, depreciation and amortization expenses. EBITDA is a non-GAAP financial measure. EBITDA is included in this filing because we believe that EBITDA provides meaningful supplemental information for investors regarding the performance of our business and facilitates a meaningful evaluation of actual results on a comparable basis with historical results. Adjusted EBITDA is also a non-GAAP financial measure. We believe Adjusted EBITDA, which is defined as EBITDA and further excluding stock-based compensation expense, change in fair value of warrant liabilities, acquisition-related income and costs, and strategic transaction-related costs provides meaningful supplemental information for investors when evaluating our results and comparing us to peer companies as stock-based compensation expense and change in fair value of warrant liabilities are significant non-cash charges, and acquisition-related income and costs and strategic transaction-related costs are not part of our core operating performance. We use these non-GAAP financial measures in order to have comparable financial results to analyze changes in our underlying business from quarter to quarter. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance and, therefore, any non-GAAP measures we use may not be directly comparable to similarly titled measures of other companies. Investors should not consider our non-GAAP financial measures in isolation or as a substitute for an analysis of our results as reported under GAAP.
Reconciliations of EBITDA and Adjusted EBITDA to their most comparable GAAP financial measure are set forth below.
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Three Months Ended |
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Nine Months Ended |
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(Dollars in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
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Net (loss) income |
|
$ |
(4,723 |
) |
|
$ |
(3,713 |
) |
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$ |
35,144 |
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|
$ |
(32,822 |
) |
Less: Interest income |
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|
(75 |
) |
|
|
(133 |
) |
|
|
(391 |
) |
|
|
(485 |
) |
Add: Depreciation expense |
|
|
843 |
|
|
|
928 |
|
|
|
2,625 |
|
|
|
2,637 |
|
Add: Amortization expense |
|
|
227 |
|
|
|
229 |
|
|
|
684 |
|
|
|
691 |
|
EBITDA |
|
|
(3,728 |
) |
|
|
(2,689 |
) |
|
|
38,062 |
|
|
|
(29,979 |
) |
Add: Stock-based compensation expense |
|
|
850 |
|
|
|
850 |
|
|
|
1,887 |
|
|
|
2,270 |
|
Add: Change in fair value of warrant liabilities |
|
|
3,365 |
|
|
|
(3,734 |
) |
|
|
(21,813 |
) |
|
|
13,648 |
|
Add: Acquisition-related costs |
|
|
— |
|
|
|
5,275 |
|
|
|
(4,373 |
) |
|
|
13,674 |
|
Less: Acquisition-related income |
|
|
— |
|
|
|
— |
|
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|
(10,000 |
) |
|
|
— |
|
Add: Strategic transaction-related costs |
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|
1,182 |
|
|
|
— |
|
|
|
1,182 |
|
|
|
— |
|
Adjusted EBITDA |
|
$ |
1,669 |
|
|
$ |
(298 |
) |
|
$ |
4,945 |
|
|
$ |
(387 |
) |
LENSAR, Inc.
STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
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Three Months Ended |
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Nine Months Ended |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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Product |
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$ |
10,715 |
|
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$ |
11,367 |
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$ |
33,833 |
|
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$ |
33,195 |
|
Lease |
|
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1,712 |
|
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|
1,560 |
|
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|
5,165 |
|
|
|
5,089 |
|
Service |
|
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1,704 |
|
|
|
1,389 |
|
|
|
5,056 |
|
|
|
4,126 |
|
Total revenue |
|
|
14,131 |
|
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|
14,316 |
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|
44,054 |
|
|
|
42,410 |
|
Cost of revenue (exclusive of amortization) |
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|
|
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|
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||||
Product |
|
|
3,494 |
|
|
|
5,649 |
|
|
|
11,280 |
|
|
|
14,430 |
|
Lease |
|
|
836 |
|
|
|
909 |
|
|
|
2,576 |
|
|
|
2,598 |
|
Service |
|
|
1,637 |
|
|
|
1,722 |
|
|
|
5,876 |
|
|
|
5,197 |
|
Total cost of revenue |
|
|
5,967 |
|
|
|
8,280 |
|
|
|
19,732 |
|
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|
22,225 |
|
Operating expenses |
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|
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||||
Selling, general and administrative expenses |
|
|
8,063 |
|
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|
12,020 |
|
|
|
16,733 |
|
|
|
34,827 |
|
Research and development expenses |
|
|
1,307 |
|
|
|
1,367 |
|
|
|
3,965 |
|
|
|
4,326 |
|
Amortization of intangible assets |
|
|
227 |
|
|
|
229 |
|
|
|
684 |
|
|
|
691 |
|
Total operating expenses |
|
|
9,597 |
|
|
|
13,616 |
|
|
|
21,382 |
|
|
|
39,844 |
|
Operating (loss) income |
|
|
(1,433 |
) |
|
|
(7,580 |
) |
|
|
2,940 |
|
|
|
(19,659 |
) |
Other (expense) income |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Change in fair value of warrant liabilities |
|
|
(3,365 |
) |
|
|
3,734 |
|
|
|
21,813 |
|
|
|
(13,648 |
) |
Acquisition-related income |
|
|
— |
|
|
|
— |
|
|
|
10,000 |
|
|
|
— |
|
Other income, net |
|
|
75 |
|
|
|
133 |
|
|
|
391 |
|
|
|
485 |
|
Net (loss) income |
|
|
(4,723 |
) |
|
|
(3,713 |
) |
|
|
35,144 |
|
|
|
(32,822 |
) |
Other comprehensive (loss) income |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Change in unrealized gain (loss) on investments |
|
|
— |
|
|
|
8 |
|
|
|
(4 |
) |
|
|
(1 |
) |
Net (loss) income and comprehensive (loss) income |
|
$ |
(4,723 |
) |
|
$ |
(3,705 |
) |
|
$ |
35,140 |
|
|
$ |
(32,823 |
) |
(Loss) income per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
(0.38 |
) |
|
$ |
(0.31 |
) |
|
$ |
1.43 |
|
|
$ |
(2.75 |
) |
Diluted |
|
$ |
(0.38 |
) |
|
$ |
(0.31 |
) |
|
$ |
0.56 |
|
|
$ |
(2.75 |
) |
Weighted-average number of common shares used in calculation of net (loss) income per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
|
12,398 |
|
|
|
12,044 |
|
|
|
12,286 |
|
|
|
11,920 |
|
Diluted |
|
|
12,398 |
|
|
|
12,044 |
|
|
|
23,868 |
|
|
|
11,920 |
|
LENSAR, Inc.
BALANCE SHEETS
(In thousands, except per share amounts)
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
||
Assets |
|
|
|
|
|
|
||
Current assets: |
|
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
12,622 |
|
|
$ |
12,974 |
|
Short-term investments |
|
|
— |
|
|
|
5,004 |
|
Accounts receivable, net of allowance of $68 and $62, respectively |
|
|
5,138 |
|
|
|
6,377 |
|
Notes receivable, net of allowance of $10 and $6, respectively |
|
|
485 |
|
|
|
295 |
|
Inventories |
|
|
25,141 |
|
|
|
21,520 |
|
Prepaid and other current assets |
|
|
1,101 |
|
|
|
601 |
|
Total current assets |
|
|
44,487 |
|
|
|
46,771 |
|
Property and equipment, net |
|
|
524 |
|
|
|
505 |
|
Equipment under lease, net |
|
|
14,434 |
|
|
|
15,485 |
|
Notes and other receivables, long-term, net of allowance of $10 and $15, respectively |
|
|
510 |
|
|
|
731 |
|
Intangible assets, net |
|
|
4,507 |
|
|
|
5,191 |
|
Other assets |
|
|
2,606 |
|
|
|
2,747 |
|
Total assets |
|
$ |
67,068 |
|
|
$ |
71,430 |
|
Liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) |
|
|
|
|
|
|
||
Current liabilities: |
|
|
|
|
|
|
||
Accounts payable |
|
$ |
9,855 |
|
|
$ |
18,982 |
|
Accrued liabilities |
|
|
6,445 |
|
|
|
7,771 |
|
Deferred revenue |
|
|
2,712 |
|
|
|
3,074 |
|
Operating lease liabilities |
|
|
799 |
|
|
|
747 |
|
Acquisition-related deposit |
|
|
— |
|
|
|
10,000 |
|
Total current liabilities |
|
|
19,811 |
|
|
|
40,574 |
|
Long-term accounts payable |
|
|
1,875 |
|
|
|
— |
|
Long-term operating lease liabilities |
|
|
1,387 |
|
|
|
1,988 |
|
Warrant liabilities |
|
|
18,381 |
|
|
|
40,194 |
|
Other long-term liabilities |
|
|
763 |
|
|
|
909 |
|
Total liabilities |
|
|
42,217 |
|
|
|
83,665 |
|
Series A Redeemable Convertible Preferred Stock, par value $0.01 per share, 20 shares authorized at September 30, 2026 and December 31, 2025; 20 shares issued and outstanding at September 30, 2026 and December 31, 2025; aggregate liquidation preference of $20,000 at September 30, 2026 and December 31, 2025 |
|
|
13,784 |
|
|
|
13,784 |
|
Stockholders’ equity (deficit): |
|
|
|
|
|
|
||
Preferred stock, par value $0.01 per share, 9,980 shares authorized at September 30, 2026 and December 31, 2025; no shares issued and outstanding at September 30, 2026 and December 31, 2025 |
|
|
— |
|
|
|
— |
|
Common stock, par value $0.01 per share, 150,000 shares authorized at September 30, 2026 and December 31, 2025; 12,291 and 11,993 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively |
|
|
123 |
|
|
|
120 |
|
Additional paid-in capital |
|
|
153,375 |
|
|
|
151,432 |
|
Accumulated other comprehensive income |
|
|
— |
|
|
|
4 |
|
Accumulated deficit |
|
|
(142,431 |
) |
|
|
(177,575 |
) |
Total stockholders’ equity (deficit) |
|
|
11,067 |
|
|
|
(26,019 |
) |
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) |
|
$ |
67,068 |
|
|
$ |
71,430 |
|