Cutera revises Q4/FY2023 non-GAAP tables with $12M inventory charge and $6.9M reclassifications

CUTERA INC

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

Recorded $12.0M charge to cost of revenue for revised AviClear inventory reserve estimates.
Reclassified $5.7M from G&A to cost of revenue and $1.2M from other expense to cost of revenue due to Jabil termination.
Adjustments impact FY2023 balance sheet, income statement, and cash flows; reported in Form 10-K filed May 10, 2024.
Revised non-GAAP reconciliation tables for Q4 and FY2023 furnished, superseding original March 21, 2024 tables.

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 financial results for three and twelve months ended December 31, 2023.

Period: three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

The Original Form 8-K included, as Exhibit 99.1, a copy of the Company’s earnings press release issued on March 21, 2024 (the “Earnings Release”), which included, the Company’s consolidated financial statements and certain non-GAAP measures for the three and twelve months ended December 31, 2023 and 2022.

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Source: SEC EDGAR

accession 0001628280-24-022630

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