---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042507"
form_type: "8-K"
ticker: null
cik: "0001162461"
company_name: "CUTERA INC"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:47:35.130436+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cutera restates Q1 and Q2 FY2023 financials due to inventory errors and control deficiencies

## Summary
- Inventory overstated by ~$3M as of March 31, 2023 and ~$5M as of June 30, 2023, understating cost of revenue and net loss.
- Cash flow reclassification error of ~$2M between operating and investing activities in the same periods.
- Audit Committee determined prior financials should no longer be relied upon; expects to file amended 10-Qs in January 2024.
- Errors stemmed from physical inventory count during Q3 2023 preparation; internal control deficiencies under review.

## SEC filing metadata
- accession: 0001628280-23-042507
- form_type: 8-K
- cik: 0001162461
- company_name: CUTERA INC
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162461/000162828023042507/0001628280-23-042507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162461/000162828023042507/cutr-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042507
- JSON: https://secwatch.observer/filing/0001628280-23-042507.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042507.txt

## Key facts
- Auditor Changes
  CUTERA INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BDO USA, P.C.
  source text: Due to the Inventory Issues, on December 21, 2023, the Audit Committee of the Board of Directors of the Company, after discussion with management, and its independent registered public accounting firm, BDO USA, P.C. (“BDO”), concluded that (i) the Q1 Financial Statements, included in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “ SEC ”) on May 10, 2023, and (ii) the Q2 Financial Statements included in the Quarterly Report on Form 10-Q filed with the SEC on August 9, 2023 should no longer be relied upon. Similarly, any previously furnished or filed reports, related earnings releases, investor presentations or similar communications of the Company describing the Prior Financial Statements should no longer be relied upon. The Company is currently in the process of identifying and evaluating the magnitude and severity of internal control
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162461/000162828023042507/0001628280-23-042507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.