Cutera (NASDAQ:CUTR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$34.4m (down 44% from 2Q 2023).

• Net loss: US$24.7m (loss narrowed by 26% from 2Q 2023).

• US$1.23 loss per share (improved from US$1.68 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cutera Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 36% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 6 warning signs for Cutera (3 are concerning!) that you should be aware of.

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