Venus Concept ( (VERO) ) has released its Q1 earnings. Here is a breakdown of the information Venus Concept presented to its investors.
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Venus Concept Inc. is a global leader in medical aesthetic technology, offering a wide range of minimally invasive and non-invasive aesthetic and hair restoration technologies across over 60 countries.
In its first quarter of 2025, Venus Concept reported a 22% decline in total revenue year-over-year, amounting to $13.6 million, amidst challenging market conditions. Despite the revenue drop, the company managed to reduce its operating expenses by 6% compared to the previous year.
Key financial metrics revealed a net loss of $12.4 million for the quarter, an increase from the $9.8 million loss reported in the same period last year. The company’s gross profit also saw a decrease, primarily due to tighter third-party lending practices and reduced international revenue. However, Venus Concept took strategic steps to strengthen its financial position, including the exchange of convertible notes for preferred stock and the completion of equity capital transactions.
Looking ahead, Venus Concept’s management remains focused on managing cash burn and targeting sequential revenue growth in the second quarter. The company continues to explore strategic alternatives to maximize shareholder value while navigating the current economic landscape.