Venus Concept reports Q3 EPS (22c), consensus (15c)

Reports Q3 revenue $21.5M, consensus $22.14M. "Venus Concept delivered third quarter revenue results that were in line with the preliminary revenue expectations provided on October 3," said Rajiv De Silva, CEO. "While revenue declined on a year-over-year basis in Q3, our strategic initiative to prioritize cash systems sales resulted in a notably higher mix of cash system sales and stronger cash flow from the sale of our highly-differentiated technologies, compared to the prior year period. We also made progress on our strategic initiative to optimize our international operations including closing underperforming direct sales offices in countries which are not anticipated to produce sustainable results. The organization remains highly focused on our key strategic initiatives to further enhance the cash flow profile of our business and to accelerate our path to long-term, sustainable, profitability."