Venus Concept Q1 revenue $17.5M beats estimate; net loss $9.8M, secures $5M Madryn financing

Venus Concept Inc.

2024-Q1 EPS reported -$1.68 revenue$17,479,000

Total revenue $17.5M, down 15% YoY but exceeded Q1 estimate of at least $16.5M.
Net loss $9.8M ($1.68/share); adjusted EBITDA loss $5.1M; cash used in ops $2.9M (down 51% YoY).
Madryn purchased MSLP loan and provided up to $5M bridge financing; $2M drawn; total debt $76.7M.
Received TGA clearance in Australia for Venus Versa Pro and Israel Ministry of Health approval for Venus Bliss MAX.
No FY2024 guidance provided; expects Q2 revenue of at least $16.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Venus Concept Inc. reported financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: reported results

Exact text from the filing

Venus Concept Inc. issued a press release relating to its financial results for the three months ended March 31, 2024.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001140361-24-026088

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.