LENSAR, Inc. Earnings Per Share Disclosure
Note 16. Net Loss per Share
The following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the basic and diluted net loss per share calculations:
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Net loss attributable to common stockholders |
|
$ |
(34,280 |
) |
|
$ |
(31,404 |
) |
Weighted average number of shares of common stock |
|
|
11,958 |
|
|
|
11,518 |
|
Basic and diluted net loss per share |
|
$ |
(2.87 |
) |
|
$ |
(2.73 |
) |
The Company’s basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period.
As the Company has reported a net loss for all periods presented, basic and diluted net loss per share attributable to common stockholders are the same for those periods. The Company excluded the following amounts of equity securities from its diluted loss per share calculations for the periods presented because their effect was anti-dilutive:
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Series A Redeemable Convertible Preferred Stock |
|
|
7,940 |
|
|
|
7,940 |
|
Series A Warrants and Series B Warrants |
|
|
4,367 |
|
|
|
4,367 |
|
Restricted stock units |
|
|
949 |
|
|
|
797 |
|
Outstanding stock options |
|
|
1,809 |
|
|
|
1,845 |
|
The anti-dilutive weighted-average shares excluded from the diluted loss per share calculations were:
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Series A Redeemable Convertible Preferred Stock |
|
|
7,940 |
|
|
|
7,940 |
|
Series A Warrants |
|
|
1,748 |
|
|
|
1,073 |
|
Series B Warrants |
|
|
1,639 |
|
|
|
795 |
|
Restricted stock units |
|
|
500 |
|
|
|
394 |
|
Outstanding stock options |
|
|
1,000 |
|
|
|
1,260 |
|
Total |
|
|
12,827 |
|
|
|
11,462 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Mar 4, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 3, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.