Venus Concept Inc (OQ:VERO)

Business Focus: Advanced Medical Equipment & Technology

Sector:  Healthcare Industry:  Advanced Medical Equipment & Technology
 
See Regulatory Filings on SEC
Company Contact
Address: 235 Yorkland Blvd Suite 900
TORONTO ON M2J 4Y8
Tel: N/A
Website: www.restorationrobotics.com
IR: See website
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Key People
Domenic Serafino
Chief Executive Officer, Director
Domenic Della Penna
Chief Financial Officer
Soren M. Sinay
Chief Operating Officer
Melissa Kang
Vice President of Marketing
Anna Georgiadis
Vice President of Global Human Resources
Yoni Iger
Vice President - Clinical and Regulatory Affairs
Domenic Di Sisto
General Counsel, Corporate Secretary
Chad A. Zaring
Chief Commercial Officer
 
Business Overview
Venus Concep, Inc., formerly Restoration Robotics, Inc., develops and manufactures devices for the medical aesthetic market. The Company offers a range of products and services under various brands, including Venus Versa, Venus Legacy, Venus Velocity, Venus Fiore, Venus Viva, Venus Freeze Plus, Venus Heal, Venus Skin and Venus Bliss. It offers a product portfolio of minimally invasive and non-invasive medical aesthetic technologies in over 60 countries and 29 direct markets. Its hair restoration division includes NeoGraft, an automated hair restoration system that facilitates the harvesting of follicles during a follicular unit extraction (FUE) process. Venus Viva includes NanoFractional Radio Frequency (RF) and SmartScan technology. It offers aesthetic products for the treatment of face, neck and body. Venus Fiore is designed with three applicators to address internal vaginal health restoration, labia skin tightening and mons pubis reduction.
Financial Overview
For the three months ended 31 March 2020, Venus Concept Inc revenues increased from $5.4M to $14.5M. Net loss increased from $7.4M to $50.2M. Revenues reflect United States segment increase of 77% to $5.6M. Higher net loss reflects General and administrative - Balancing v increase from $1.8M to $13.9M (expense), Advertising Expense - Balancing value increase of 90% to $8.4M (expense).
Employees: 525 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $169.43M as of Mar 31, 2020
Annual revenue (TTM): $119.52M as of Mar 31, 2020
EBITDA (TTM): -$37.52M as of Mar 31, 2020
Net annual income (TTM): -$83.37M as of Mar 31, 2020
Free cash flow (TTM): -$50.00M as of Mar 31, 2020
Net Debt Last Fiscal Year: $50.85M as of Mar 31, 2020
Shares outstanding: 38,817,062 as of Jun 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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