Cutera (CUTR) Tops Q3 EPS by 20c

Cutera (NASDAQ: CUTR) reported Q3 EPS of ($0.13), $0.20 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $39.1 million versus the consensus estimate of $34.61 million.

“I am pleased with our third quarter financial performance, with faster-than-expected sequential improvement in capital equipment sales and exceptionally strong recurring revenue growth of 35% year-over-year,” commented Dave Mowry, Chief Executive Officer of Cutera, Inc. “Moreover, I am very proud of our team’s continued expense discipline, which led to increased profitability in the period and allowed us to achieve positive cash flow on a non-GAAP basis a quarter earlier than expected. While we continue to anticipate COVID-related headwinds to capital equipment sales in the fourth quarter, our year-to-date operational focus and outlook for sequential growth in both equipment sales and procedure volumes will provide a pathway to stronger results in the near-term and a solid foundation going into fiscal year 2021 and beyond.”

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

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