Restoration Robotics (HAIR) Reports Q1 Loss of $0.26/Share

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Restoration Robotics, Inc. Reports First Quarter 2018 Financial Results

May 14, 2018 4:01 PM EDT

SAN JOSE, Calif., May 14, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics, Inc. (NASDAQ: HAIR), announced today financial results for the first quarter ended March 31, 2018.

First Quarter and Recent Highlights

Received U.S. FDA 510(k) clearance for implantation functionalityRevenue of $5.0 million, compared to $5.5 million in 2017Sold 8 ARTAS® Robotic Hair Restoration SystemsAppointed Chris Aronson, Vice President, Sales, effective February 1, 2018Announced the appointment of aesthetics veteran Keith Sullivan to the Board of Directors, effective July 1, 2018Finalized a $20 million loan and security agreement on May 10,... More