Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Venus Concept (VERO)
NASDAQ:VERO
Holding VERO?
Track your performance easily
Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.91Last Year’s EPS
-2.01Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 30, 2020
|% Change Since: -2.70%
|Next Earnings Date:Nov 14, 2019
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view. On the positive side, there were significant strategic achievements in reducing cash used and debt, as well as successful international restructuring and new product registrations. However, these were balanced by challenges in the U.S. market, overall revenue declines, and extended sales cycles due to macroeconomic headwinds.Company Guidance
During Venus Concept's Q3 2024 earnings call, the company provided detailed guidance on various financial metrics and strategic initiatives. The company's third-quarter revenue was $15 million, reflecting a 15% year-over-year decrease primarily due to a 23% decline in U.S. revenue. Sales to international distributors, however, increased by nearly 60%, indicating positive momentum in the APAC and EMEA regions. The company's strategic shift to prioritize cash system sales over internal lease programs resulted in cash sales comprising 76% of U.S. system sales, up from 69% the previous year. This strategy contributed to a 25% reduction in cash used in operations year-over-year. Venus Concept also made significant progress in restructuring its debt, reducing total debt obligations by 54% from the end of 2023 to $34.6 million. The company expects to benefit from new product entries in key markets and anticipates Q4 revenue of at least $17 million. Additionally, Venus Concept received a 180-day extension from NASDAQ to regain compliance with the minimum bid price requirement, a positive development as the company continues to navigate macroeconomic challenges and focus on long-term profitability.International Business Strategic Shift
Sales to distributors increased nearly 60% in Q3, indicating the early benefits of repositioning the international business from unprofitable direct markets to high-value distributors.
Cash Flow Improvement
Achieved a 25% reduction in cash used in operations year-over-year for Q3 and a 40% reduction over the first 9 months of 2024.
Debt Reduction
The company reduced total debt obligations to approximately $34.6 million, down 54% from $74.9 million at the end of 2023.
New Product Launches
New products like BlissMAX were registered in major markets, with launches expected to benefit future quarters.
Regulatory Clearances and International Expansion
Secured regulatory clearances for products in Canada, Australia, Israel, and India, with new distribution partnerships in place.
---
VERO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.37 | $0.34 | -8.11% |
| Aug 13, 2024 | $0.64 | $0.56 | -12.50% |
| May 15, 2024 | $0.65 | $0.68 | +4.62% |
| Apr 01, 2024 | $0.69 | $0.71 | +2.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Venus Concept (VERO) report earnings?
Venus Concept (VERO) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Venus Concept (VERO) earnings time?
Venus Concept (VERO) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VERO EPS forecast?
VERO EPS forecast for the fiscal quarter 2024 (Q4) is -0.91.
---