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Stock impact report

Venus Concept Announces First Quarter of Fiscal Year 2024 Financial Results

Venus Concept Inc. (VERO) 
Last venus concept inc. earnings: 3/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, announced financial results for the three months ended March 31, 2024. First Quarter 2024 Summary & Recent Progress: Company continues to execute against Transformational Plan Cash used in operations of $2.9 million, down 51% year-over-year from $5.9 millionCash system revenue in first quarter 2024 represented approximately 75% of total systems and subscriptions revenue, compared to 66% in the prior year period Total revenue of $17.5 million, down 15% year-over-year but exceeded first quarter estimate of at least $16.5 million by 6% or $1.0 million.On April 3, 2024, the Company announced that it received Therapeutic Goods Administration (TGA) clearance in Australia to market the Venus Versa Pro system.On April 8, 2024, the Company announced that it received approval for the Venus Bliss MAX from the State of Show less Read more
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