Venus Concept Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Venus Concept Inc. (VERO)
Last venus concept inc. earnings: 3/30 04:05 pm
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Source: GlobeNewswire
TORONTO, April 01, 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 and twelve months ended December 31, 2023. Fourth Quarter and Fiscal Year 2023 Summary & Recent Progress: Company continues to execute against Transformational Plan and achieved primary objective of reducing cash burn by over 50% vs. prior year Cash used in operations for fiscal year 2023 of $12.9 million, down 52% year-over-year, from $27.0 million in the prior year periodCash system revenue for fiscal year 2023 represented approximately 67% of total systems and subscriptions revenue, compared to 58% in the prior year period Macroeconomic headwinds and accelerated restructuring in international markets resulted in softer-than-expected system sales; total revenue of $18.1 million, down $6.2 million, or 25%, year-over-year; up $0.5 million, or 3%, quarter-over-quarterOperatin
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News
- Venus Concept Announces First Quarter of Fiscal Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Venus Concept Announces First Quarter of Fiscal Year 2024 Financial ResultsGlobeNewswire
- Venus Concept Announces Loan Purchase and Completion of First Phase of Refinancing [Yahoo! Finance]Yahoo! Finance
- Venus Concept Announces Loan Purchase and Completion of First Phase of RefinancingGlobeNewswire
- Venus Concept to Release First Quarter of Fiscal Year 2024 Financial Results on May 15, 2024 [Yahoo! Finance]Yahoo! Finance
VERO
Sec Filings
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- 5/7/24 - Form SC
- VERO's page on the SEC website