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
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 nine months ended 30 September 2020, VenusConcept Inc revenues decreased 34% to $52.2M. Net lossapplicable to common stockholders increased from $19.8M to$70.6M. Revenues reflect International segment decrease of37% to $29.8M, United States segment decrease of 29% to$22.3M. Higher net loss reflects Goodwill impairmentincrease from $0K to $27.5M (expense).
Employees: 525 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $168.06M as of Sep 30, 2020
Annual revenue (TTM): $150.96M as of Sep 30, 2020
EBITDA (TTM): -$24.50M as of Sep 30, 2020
Net annual income (TTM): -$86.66M as of Sep 30, 2020
Free cash flow (TTM): -$43.22M as of Sep 30, 2020
Net Debt Last Fiscal Year: $61.72M as of Sep 30, 2020
Shares outstanding: 52,123,588 as of Dec 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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