Welcome to our dedicated page for Venus Concept news (Ticker: VERO), a resource for investors and traders seeking the latest updates and insights on Venus Concept stock.
Venus Concept Inc. (VERO) delivers innovative medical aesthetic and hair restoration technologies through its unique subscription-based model. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, product advancements, and strategic initiatives shaping the global aesthetics market.
Access real-time announcements including quarterly earnings reports, regulatory filings, technology launches, and partnership agreements. Our curated collection ensures you stay informed about VERO's minimally invasive treatment systems, international expansion efforts, and clinical research breakthroughs without promotional bias.
Key coverage areas include financial performance updates, new device approvals, practice support program enhancements, and market expansion activities. Each update is verified for accuracy and presented in clear, accessible language suitable for both professional investors and industry observers.
Bookmark this page for streamlined access to Venus Concept's evolving business narrative. Check regularly for authoritative reporting on how VERO continues integrating advanced technologies like radiofrequency systems and IPL platforms with practice growth initiatives across 60+ countries.
Venus Concept (NASDAQ: VERO) announced its Q1 2024 financial results, reporting a 15% YoY revenue decline to $17.5 million, but exceeding its forecast by 6%. Operating expenses dropped 11% to $19.4 million, while the net loss was $9.8 million, slightly higher than Q1 2023's $9.7 million. The gross profit fell 15% to $11.6 million with a consistent gross margin of about 66.6%. Notably, cash operations used $2.9 million, a 51% reduction from the previous year. The company secured $5.0 million in debt financing from Madryn Asset Management to enhance near-term liquidity. Strategic milestones include the TGA clearance in Australia for Venus Versa Pro and approval for Venus Bliss MAX in Israel. Venus Concept forecasts Q2 2024 revenue to be at least $16.5 million.
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