LENSAR Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
LNSR$4.62-15.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows (Unaudited)
CONDENSED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(12,702) | $(10,457) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 2,087 | 1,767 |
| Amortization of intangible assets | 738 | 824 |
| Impairment of intangible assets | 3,729 | — |
| Non-cash operating lease cost | 404 | 400 |
| Provision for expected credit losses | (5) | (4) |
| Write-down of inventory | 134 | 66 |
| Stock-based compensation expense | 2,003 | 4,723 |
| Change in fair value of warrant liabilities | 3,838 | 1,654 |
| Amortization on investments, net | (185) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (374) | 2,212 |
| Notes receivable | 305 | (769) |
| Prepaid and other current assets | 660 | (1,069) |
| Inventories | (6,113) | (7,940) |
| Accounts payable | (139) | (1,489) |
| Accrued liabilities | 212 | 626 |
| Deferred revenue | (61) | 611 |
| Operating lease liabilities | (416) | (402) |
| Other | (47) | 68 |
| Net cash used in operating activities | (5,932) | (9,179) |
| Cash flows from investing activities | ||
| Purchase of property and equipment | (153) | (191) |
| Purchase of investments | (10,245) | — |
| Investment maturities | 6,245 | — |
| Net cash used in investing activities | (4,153) | (191) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock through option exercises | 21 | — |
| Proceeds from issuance of common stock under employee stock purchase plan | 170 | 181 |
| Net settlement of stock-based compensation awards | (187) | (52) |
| Proceeds from issuance of redeemable convertible preferred stock, net of offering costs | — | 13,882 |
| Proceeds from issuance of warrants | — | 5,605 |
| Payment of accrued offering costs allocable to preferred stock | (98) | — |
| Net cash (used in) provided by financing activities | (94) | 19,616 |
| Net (decrease) increase in cash and cash equivalents | (10,179) | 10,246 |
| Cash and cash equivalents at beginning of the period | 20,621 | 14,674 |
| Cash and cash equivalents at end of the period | $10,442 | $24,920 |
CONDENSED STATEMENTS OF CASH FLOWS, continued
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental cash flow information | ||
| Cash paid for taxes | $22 | $18 |
| Supplemental schedule of non-cash investing and financing activities | ||
| Transfer from Inventories to Equipment under lease, net | $6,775 | $2,879 |
| Transfer from (to) Inventories to (from) Property and equipment, net | $— | $(746) |
| Accrued offering costs | $37 | $(135) |
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