Cutera (CUTR) Tops Q2 EPS by 10c; Raises Outlook

Cutera (NASDAQ: CUTR) reported Q2 EPS of $0.13, $0.10 better than the analyst estimate of $0.03. Revenue for the quarter came in at $36.4 million versus the consensus estimate of $32.08 million.

James Reinstein, President and Chief Executive Officer of Cutera, stated, “We are pleased with the record level of second quarter revenue. This was coupled with significant improvement in several operating metrics, illustrating the organization’s ability to leverage the strong revenue. Our revenuegrowth of 32% was driven by multiple platforms within our product portfolio, with the launch of the truSculpt 3D product in North America being a significant driver of the growth and margin improvement this quarter. The truSculpt 3D also provides the Company with a new source of recurring revenue.

“Our Board’s approval to further expand our stock repurchase program reflects its confidence in our ability to build long-term value for shareholders. I believe that our financial performance in the second quarter of 2017, and our overall trajectory, demonstrates that Cutera is positioned to meet our short, medium and long term goals,” concluded Mr. Reinstein.

Full-Year 2017 Outlook

• Revenue guidance is being increased from $140 million to $144 - $147 million
• Gross margin is expected to be in the range of 58% - 59%
• Earnings per Share guidance is being increased to approximately $0.50 - $0.54 compared to the previous range of $0.45 - $0.50
• Repurchase sufficient shares to maintain the fully diluted share count at approximately 14.0 million for 2017

For earnings history and earnings-related data on Cutera (CUTR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance
• Vivos Therapeutics posts 35% revenue gain but widens net loss