Welcome to our dedicated page for Strata Skin Sciences news (Ticker: SSKN), a resource for investors and traders seeking the latest updates and insights on Strata Skin Sciences stock.
STRATA Skin Sciences reports company developments around dermatology medical devices for in-office treatment of psoriasis, vitiligo, acne and other dermatologic conditions. Updates commonly address the XTRAC® 308 nm excimer laser, VTRAC® lamp systems, the TheraClear®X Acne Therapy System, clinical evidence for targeted UVB and photopneumatic therapies, and customer adoption by dermatology practices and academic medical centers.
Company news also covers financial results, recurring revenue and equipment sales, reimbursement and CPT coding for excimer laser treatments, international regulatory clearances such as COFEPRIS for TheraClearX in Mexico, and corporate-status events. In 2026, STRATA confirmed suspension of its common stock from The Nasdaq Capital Market and SEC filings to remove and terminate Exchange Act registration.
STRATA Skin Sciences (NASDAQ: SSKN) reported Q3 2024 revenue of $8.8 million, down 1% year-over-year. Global net recurring revenue increased 2% to $5.4 million. The company achieved its first non-GAAP operating profit of $128,000 since 2018, excluding a one-time $1.8 million tax accrual. Gross margin improved to 60.3% from 56.0% year-over-year. The domestic installed base reached 873 XTRAC® devices and 135 TheraClear®X devices. The company raised $2.1 million through a stock offering in July 2024. Net loss was $2.1 million or $0.53 per share, compared to a net loss of $1.1 million or $0.30 per share in Q3 2023.
STRATA Skin Sciences (NASDAQ: SSKN) announces a favorable court order in its complaint against LaserOptek, Monarch Laser Services, and The Pinnacle Health Group. The order, issued by the US District Court for Eastern Pennsylvania, enjoins LaserOptek and Pinnacle from marketing Pallas lasers with claims about CPT Codes 96920-96922 reimbursement and prohibits false statements about Pallas or STRATA lasers. The ruling follows STRATA's August 2024 complaint citing unfair competition. The company will continue pursuing claims for equitable and monetary relief, defending against what it describes as misleading practices regarding non-excimer laser reimbursement claims.
STRATA Skin Sciences (NASDAQ: SSKN), a medical technology company focused on dermatologic treatments, announces its upcoming third quarter 2024 financial results release on November 13, 2024, after market close. Management will host a conference call at 4:30 p.m. ET the same day, including a Q&A session. U.S. participants can dial 1-844-481-2523, while international callers should use 1-412-317-0552. A webcast replay will be available until May 13, 2025, and a telephonic replay until November 20, 2024, using access code 4851779.
STRATA Skin Sciences, Inc. (NASDAQ: SSKN) announced that its Japanese distributor, JMEC Co., , sponsored a seminar featuring two lectures on XTRAC® excimer devices at the 75th Annual Meeting of the Chubu Branch of the Japanese Dermatological Association in Nagoya, Japan on October 12, 2024. The seminar, chaired by Professor Kazutoshi Harada of Tokyo Medical University, included presentations by:
1. Dr. Nobuhiro Nouchi from Nouchi Dermatology Clinic, discussing successful treatment of vitiligo and alopecia areata using XTRAC® excimer laser.
2. Dr. Osamu Norisugi from Keyaki Dermatology Clinic, sharing his clinic's experience in treating psoriasis, vitiligo, and alopecia areata with XTRAC® excimer laser since 2020.
This event highlights the growing recognition and use of STRATA's XTRAC® technology in the Japanese dermatology market.
STRATA Skin Sciences (NASDAQ: SSKN), a medical technology company focused on dermatologic treatments, announces its participation in the 2024 Maxim Healthcare Virtual Summit. President and CEO Dr. Dolev Rafaeli will engage in a fireside chat with Maxim's Director of Research and Senior Healthcare Analyst Anthony Vendetti on Wednesday, October 16, 2024, at 11:30am ET.
The virtual conference runs from October 15 to 17, 2024. Investors can access the fireside chat via webcast at https://m-vest.com/events/healthcare-10152024. Additionally, Dr. Rafaeli and STRATA V.P. Finance John Gillings will be available for one-on-one meetings with registered conference investors.
STRATA Skin Sciences (NASDAQ: SSKN), a medical technology company focused on dermatologic conditions, announces its participation in the iAccess Alpha - Buyside Best Ideas Fall Conference 2024. The virtual event is scheduled for September 24-25, 2024.
Key details:
- President and CEO Dr. Dolev Rafaeli will present a corporate overview on September 24, 2024, at 12:30 PM ET
- Presentation webcast available at: https://www.webcaster4.com/Webcast/Page/3064/51242
- Dr. Rafaeli and V.P. Finance John Gillings will be available for one-on-one meetings with registered investors
- Investors can register and schedule meetings at: https://www.iaccessalpha.com/signup
This presentation offers an opportunity for investors to gain insights into STRATA's innovative products and market strategy in the dermatology sector.
STRATA Skin Sciences (NASDAQ: SSKN), a medical technology company focused on dermatologic treatments, has announced its participation in the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference. The event is scheduled for September 12, 2024, at the Yale Club in Midtown Manhattan, New York City.
Dr. Dolev Rafaeli, President and CEO of STRATA, will represent the company at the conference. STRATA will be hosting one-on-one investor meetings throughout the event, providing an opportunity for investors to engage directly with the company's leadership. Interested parties can schedule meetings through their Lake Street representatives.
This participation underscores STRATA's commitment to investor relations and its ongoing efforts to showcase its innovative products in the dermatologic field to potential investors and industry professionals.
STRATA Skin Sciences (NASDAQ: SSKN), a medical technology company focused on dermatologic treatments, announces its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place from September 9-11, 2024 at the Lotte New York Palace Hotel.
Key points:
- President and CEO Dr. Dolev Rafaeli will present a corporate overview
- Presentation will be available on-demand starting September 9, 2024, at 7:00 am ET
- Investors can register for the conference at https://hcwevents.com/annualconference/
- Dr. Rafaeli and V.P. Finance John Gillings will be available for one-on-one meetings with registered investors
STRATA Skin Sciences (NASDAQ: SSKN) has filed a complaint against LaserOptek, Monarch Laser Services (MLS), and The Pinnacle Health Group for unfair competition and false advertising regarding the marketing and sales of Pallas laser devices. The lawsuit, filed in the U.S. District Court for the Eastern District of Pennsylvania, alleges that the defendants:
- Misrepresented the reimbursement eligibility of Pallas lasers for psoriasis treatments
- Made false claims about the equivalence and superiority of Pallas lasers to STRATA's XTRAC® devices
- Misused FDA clearance to make misleading statements
- Caused harm to public interest through fraudulent reimbursement practices
STRATA seeks injunctive relief, damages, and legal cost reimbursement to protect its 4,000 partners and patients using their proven excimer devices for dermatology treatments.
STRATA Skin Sciences (NASDAQ: SSKN) reported Q2 2024 financial results and provided a corporate update. Key highlights include:
- Revenue increased 2% YOY to $8.4 million
- Gross profit margin improved to 58.5% from 52.3% last year
- Operating expenses decreased 14% YOY to $5.4 million
- Net loss narrowed to $0.1 million ($0.03 per share) from $3.1 million ($0.90 per share) in Q2 2023
- Cash balance increased to $6.8 million
- Domestic XTRAC installed base decreased to 882 devices as the company optimizes its asset base
- TheraClear X installed base grew to 117 devices
- Completed a $2.1 million financing in July 2024
The company is focusing on DTC marketing and optimizing its device installed base to drive growth and profitability.