Strata Skin Sciences Inc Stock Price, News & Analysis

HORSHAM, Pa., Feb. 16, 2023 - STRATA Skin Sciences (NASDAQ: SSKN) announced Dr. Joel L. Cohen will demonstrate the TheraClear®X device for acne treatment at the Winter Clinical Conference in Miami from February 17-20, 2023. The TheraClearX, FDA-cleared for mild to moderate acne, combines vacuum technology and intense broadband light to deliver results after just two treatments, with a recommended 4-6 sessions for optimal outcomes. STRATA's partnership program provides practices with a fee per treatment cost structure, including training and marketing support. Forward-looking statements about the product and market strategies highlight potential uncertainties affecting performance.

STRATA Skin Sciences (NASDAQ: SSKN) announced preliminary revenue for 2022 between $35-$36 million, a 17-19% increase from $30 million in 2021, exceeding previous guidance of $33-$35 million. The company attributed this growth to enhanced XTRAC® usage, refurbishing underutilized devices, and expanding international sales. CEO Bob Moccia expressed optimism about maintaining this growth momentum into 2023. These figures are unaudited and could be revised before the full financial results, expected in March 2023.

STRATA Skin Sciences (NASDAQ: SSKN) announced that a poster detailing the efficacy of its TheraClearX acne system was accepted for presentation at the ODAC Dermatology Conference from January 12-15, 2023. The study involved 10 patients with mild to moderate acne who underwent tailored photopneumatic therapy (PPT). All participants experienced visible reductions in acne lesions, with improvements noted in skin texture and pore size. Most responded positively after 2-3 sessions, showcasing the system's efficacy and safety. The findings reinforce STRATA's commitment to advancing treatment options for acne.

STRATA Skin Sciences (NASDAQ: SSKN) has entered an exclusive agreement with MINO Labs to distribute its dermatological products in Mexico for three years. This partnership aims to tap into a nearly $300 million market for treating acne, psoriasis, and vitiligo, addressing a significant need as 80% of the Mexican population suffers from acne. MINO Labs brings over 20 years of experience in the pharmaceutical sector, ensuring effective distribution through established sales channels. This collaboration is expected to expand treatment options for patients in Mexico.

HORSHAM, Pa., Dec. 02, 2022 – STRATA Skin Sciences, a medical technology company focused on dermatologic treatments, announced its presentation at the Cantor Medical & Aesthetic Dermatology Conference on December 8, 2022, at 1:45 PM EST. The session, titled Aesthetically Pleasing & Medically Necessary, will explore leading devices in the field. STRATA Skin Sciences specializes in innovative products for conditions like psoriasis and acne, offering solutions like XTRAC^® and TheraClear^® systems via a unique partnership program.

STRATA Skin Sciences reported strong Q3 2022 financial results, achieving revenues of $9.4 million, a 22% increase from Q3 2021. International sales soared to $3.3 million, marking an 82% rise year-over-year. The company launched the TheraClear®X acne therapy system, positioning itself in the $5.5 billion acne treatment market. Despite this growth, gross profit fell to 61.6% of revenues, down from 69.7% in the same quarter last year. STRATA reiterated its 2022 revenue guidance of $33 million to $35 million.

STRATA Skin Sciences, Inc. (NASDAQ: SSKN), a medical technology firm focused on dermatologic treatments, will release its Q3 2022 financial results on November 9, 2022. A conference call will follow at 4:30 PM EST to discuss the results and provide updates. The company offers innovative products such as the XTRAC® and Pharos® excimer lasers and the TheraClear® X Acne Therapy System, utilizing a unique partnership program that streamlines treatment accessibility for dermatologists.

STRATA Skin Sciences, Inc. (NASDAQ: SSKN) announced its participation in two upcoming investor events: the Microcap Rodeo: Windy City Roundup 2022 on October 12, 2022, and the LD Micro Main Event XV on October 26, 2022. At these events, the company will showcase its innovative dermatology products, including the XTRAC^® and TheraClear^® systems, which target conditions like psoriasis, acne, and vitiligo, impacting over 31 million patients in the U.S. STRATA employs a unique Direct to Consumer advertising model to boost awareness and patient volume for its partner dermatology clinics.

STRATA Skin Sciences, Inc. (NASDAQ: SSKN) announced its participation in the Inaugural Gilmartin Group Emerging Growth Company Showcase on August 31, 2022, at 3:30 PM ET. The event will be virtual, and management will present innovative advancements in dermatologic treatment technologies. Interested individuals can access the presentation via a live webcast through a provided link, with an archived version available on the company’s website post-event. STRATA focuses on developing treatments for conditions such as psoriasis and acne, impacting millions across the U.S.