Cutera sees Q3 revenue $46.5M, consensus $52.7M

“Third quarter results were disappointing, as we faced more significant macroeconomic and Company-specific headwinds than anticipated,” commented Taylor Harris, Chief Executive Officer of Cutera, Inc. “However, we are taking decisive steps to address these challenges and to build the foundation for future growth at Cutera. Our operations team has made solid progress in remediating our field service challenges. We have also initiated a global restructuring that will reduce our headcount by close to 25%, helping both to right-size our cost structure and optimize our business performance. Additionally, just this past weekend at the Cutera University Clinical Forum (CUCF), we introduced an enhanced AviClear product offering, which we believe will drive growth and cash generation for the Company in the coming years.”