Market ExpansionExpanded CPT codes significantly increase the company’s potential patient population and should drive broader adoption of the XTRAC laser and commercial growth.
Strategic TurnaroundThe company's turnaround plan is showing early signs of success, focusing on direct-to-consumer marketing, cost efficiency, and improving revenue per device.
ValuationShares currently trade at an EV/revenue multiple of 0.5x our 2025 estimate, below the peer average, suggesting potential for valuation growth.