Restoration Robotics™ Reports Financial Results for the Fourth Quarter and Full Year 2017
RESTORATION ROBOTICS (HAIR)
NASDAQ:AMEX Investor Relations:
ir.restorationrobotics.com
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., March 05, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics, Inc. (NASDAQ:HAIR), a leader in robotic hair restoration, announced today financial results for the fourth quarter and full year ended December 31, 2017. Fourth Quarter and Full Year 2017 Highlights Fourth quarter revenue of $5.9 million, up 13% year-over-yearHighest full year revenue to date of $21.3 million, up 37% year-over-yearFull year gross profit of $9.1 million, up 77% year-over-yearGross margin of 43% for the full year 2017, up from 33% in 2016Completed initial public offering in October 2017, raising approximately $22.1 million in net proceeds, primarily to fund continued commercialization of the ARTAS® Robotic Hair Restoration System Ryan Rhodes, President and Chief Executive Officer of Restoration Robotics, said, “We are extremely pleased with our 2017 performance, during which we achieved significant revenue growth and gross margin expansion. We believe that these record results validate our
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