Venus Concept Inc. (VERO) Misses Q4 EPS by 1c, Offers Guidance

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Go back to Venus Concept Inc. (VERO) Misses Q4 EPS by 1c, Offers Guidance

Venus Concept Announces Fourth Quarter and Fiscal Year 2022 Financial Results; Introduces Fiscal Year 2023 Revenue Guidance

March 27, 2023 7:00 AM EDT

TORONTO, March 27, 2023 (GLOBE NEWSWIRE) -- Venus Concept Inc. (Venus Concept or the Company) (NASDAQ: VERO), a global medical aesthetic technology leader, announced financial results for the three and twelve months ended December 31, 2022.

Fourth Quarter 2022 Summary & Recent Highlights:

Total revenue of $24.3 million, down $8.3 million, or 26%, year-over-year; up $2.7 million, or 13% quarter-over-quarter. U.S. revenue down 14% year-over-year; up 17% quarter-over-quarter.Cash system revenue represented approximately 71% of total systems and subscriptions revenue,... More