Expansion of CPT Codes
The American Medical Association CPT Editorial Panel expanded CPT codes for STRATA's XTRAC 308-nanometer excimer laser, enabling coverage for multiple inflammatory and autoimmune skin conditions, potentially tripling the addressable market to 30 million patients.
Increased Device Placements
STRATA placed 19 new XTRAC devices with accounts interested in growth, marking the highest number of placements in the U.S. in the last six quarters.
Market Expansion Potential
The company is preparing to expand into new indications with the potential for higher reimbursement rates, supported by submitted economic data. This could lead to increased revenue per patient procedure.
Positive Direct-to-Consumer Campaigns
Generated 1,100 DTC-driven patient appointments with a 61% show rate and handled benefits for approximately 5,100 patients, demonstrating strong demand for excimer laser therapy.
TheraClearX Growth
Installed base of TheraClearX devices grew to 161 in the U.S., up from 117 in Q2 2024, indicating a growing portion of the company's revenue.