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Venus Concept (VERO)
NASDAQ:VERO
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-10.01Last Year’s EPS
-1.68Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -13.09%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in cash system sales and significant debt reduction, demonstrating effective strategic shifts. However, the overall revenue decline, increased cash usage, and macroeconomic challenges present ongoing hurdles. The sentiment is balanced with notable achievements and persistent challenges.Company Guidance
During the Fourth Quarter and Fiscal Year 2024 Earnings Conference Call for Venus Concept Inc., CEO Rajiv De Silva and CFO Domenic Della Penna provided guidance indicating a focus on prioritizing cash system sales over subscription models. They reported a 13% year-over-year decline in fourth-quarter revenue to $15.8 million, primarily due to a 58% decrease in lease revenue, despite a 27% increase in U.S. cash system sales. The strategic shift led to a 47% reduction in total debt obligations by year-end, down to $39.7 million. The company emphasized improvements in cash used in operations, which decreased by 14% year-over-year, aligning with their transformation strategy. Additionally, they projected total revenue of at least $14 million for the first quarter of 2025, without providing full-year guidance due to ongoing strategic evaluations.Increase in Cash System Sales in the U.S.
Cash system sales in the U.S. increased 27% year-over-year and represented 87% of total U.S. system sales in Q4, up from 58% last year.
Reduction in Total Debt Obligations
The company reduced total debt obligations by 47%, from $74.9 million in 2023 to $39.7 million at the end of 2024.
Successful Strategic Initiatives
Sales through distributors more than doubled year-over-year in Q4, driven by demand in APAC and EMEA regions.
Improved Gross Margin
Gross margin improved to 69.1% from 66.5% year-over-year, driven by margin management and product mix.
Management Restructuring
Several leadership changes were announced to streamline decision-making and position for future growth.
Amendment to Bridge Loan Agreement
An amendment to the bridge loan agreement with Madryn Asset Management increased financing capacity by $10 million.
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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
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VERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $2.75 | $2.79 | +1.45% |
| Nov 13, 2024 | $4.10 | $3.69 | -10.00% |
| Aug 13, 2024 | $7.05 | $6.21 | -11.91% |
| May 15, 2024 | $7.11 | $7.44 | +4.64% |
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.
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FAQ
When does Venus Concept (VERO) report earnings?
Venus Concept (VERO) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Venus Concept (VERO) earnings time?
Venus Concept (VERO) earnings time is at May 19, 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 2025 (Q1) is -10.01.
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