Lensar vs Shoulder Innovations
Lensar is the larger business, with $58.4m of revenue in fiscal 2025 against $47.3m for Shoulder Innovations (1.2 times as much). Shoulder Innovations grew faster (49.6% against 9.2%). Lensar kept more of each dollar of sales as profit: a net margin of -58.7% against -85.3%.
| Latest fiscal year | LensarLNSR, 2025 | Shoulder InnovationsSI, 2025 |
|---|---|---|
| Revenue | $58.4m | $47.3m |
| Revenue growth | 9.2% | 49.6% |
| Net income | −$34.3m | −$40.4m |
| Operating margin | -42.1% | -55.6% |
| Net margin | -58.7% | -85.3% |
| Return on equity | — | -93.8% |
| Free cash flow | −$14.9m | −$36.0m |
| Cash | $13.0m | $26.9m |
| Total debt | $0 | $14.9m |
| Debt to equity | — | 10.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 150 | 75 |
| Market value | $68.3m | $405m |
| Price vs our value range | — | — |
| Moat score | 32 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 7 buys, 17 sales |