Restoration Robotics, Inc. Reports First Quarter 2018 Financial Results
RESTORATION ROBOTICS (HAIR)
NASDAQ:AMEX Investor Relations:
ir.restorationrobotics.com
Company Research
Source: GlobeNewswire
SAN JOSE, Calif., May 14, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics, Inc. (NASDAQ:HAIR), announced today financial results for the first quarter ended March 31, 2018. First Quarter and Recent Highlights Received U.S. FDA 510(k) clearance for implantation functionalityRevenue of $5.0 million, compared to $5.5 million in 2017Sold 8 ARTAS® Robotic Hair Restoration SystemsAppointed Chris Aronson, Vice President, Sales, effective February 1, 2018Announced the appointment of aesthetics veteran Keith Sullivan to the Board of Directors, effective July 1, 2018Finalized a $20 million loan and security agreement on May 10, 2018 Ryan Rhodes, President and Chief Executive Officer of Restoration Robotics, said, “In the first quarter we continued to position the Company for sustained sales growth especially following our receipt of FDA 510(k) clearance for ARTAS implantation functionality. This allows us to further extend ARTAS’ leadership position in the field of robotic hair restoration b
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