Cutera Q1 2024 revenue $38.8M (-29% YoY), operating loss widens; FY guidance reaffirmed

CUTERA INC

2024-Q1 EPS reported -$1.14 revenue$38,793,000

Revenue $38.8M, down 29% YoY; gross profit margin 32% GAAP, 38.2% non-GAAP.
Non-GAAP operating loss $20.4M vs $17.6M loss in Q1 2023.
Cash $105.4M at March 31, down from $143.6M at Dec 31, 2023.
Reaffirms FY2024 revenue guidance $160-170M, ending cash ~$55-60M.
AviClear revenue showed strong sequential gain; launched xeo+ and Cutera Academy.

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

CUTERA INC reported the first quarter ended March 31, 2024 results: revenue $38.8 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $38.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”), a leading provider of aesthetic and dermatology solutions, today reported financial results for the first quarter ended March 31, 2024. • Consolidated revenue for the first quarter of 2024 of $38.8 million.

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Source: SEC EDGAR

accession 0001628280-24-022196

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