Strata Skin Sciences Inc Stock Price, News & Analysis

STRATA Skin Sciences (NASDAQ: SSKN) has confirmed it has no financial ties or exposure to Silicon Valley Bank, stating that it does not hold cash deposits or securities with the bank. The company is focused on developing and marketing innovative dermatologic treatment technologies, including the XTRAC^® and Pharos^® lasers, as well as the TheraClear_®X Acne Therapy System. STRATA utilizes a Partnership Program to provide in-office treatment options, emphasizing a service-oriented approach over traditional equipment purchases.

STRATA Skin Sciences, Inc. (NASDAQ: SSKN) announced the launch of a new XTRAC® website on March 2, 2023. The site aims to enhance patient education about XTRAC excimer laser therapy for conditions like psoriasis and eczema. Key features include a Practice Finder tool, patient testimonials, and a Savings Program. CEO Bob Moccia emphasized the goal of increasing product awareness and improving patient access to treatment. The XTRAC device allows for targeted UVB light therapy, catering to a diverse patient base.

STRATA Skin Sciences, Inc. (NASDAQ: SSKN) announced on February 27, 2023, that it has regained compliance with Nasdaq's minimum bid price requirements under Rule 5550(a)(2). CEO Robert Moccia expressed optimism about the company's future growth prospects following this compliance notification. STRATA focuses on innovative products for dermatologic treatments, including the XTRAC and Pharos excimer lasers and the TheraClear X Acne Therapy System, employing a unique Partnership Program to facilitate treatment access. The company highlights its ongoing commitment to expand its product offerings and market presence.

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.