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: https://www.venusconcept.com/en-uk
IR: See website
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Key People
Hemanth Varghese
President, Chief Operating Officer
Rajiv De Silva
Chief Executive Officer, Director
Domenic Della Penna
Chief Financial Officer, Executive Vice President
Anna Georgiadis
Chief Human Resource Officer
Ross J. Portaro
Executive Vice President and General Manager - Global Sales & Marketing
William H. Mcgrail
Senior Vice President - Technical Operations and Compliance
Michael Mandarello
General Counsel, Corporate Secretary
   
Business Overview
Venus Concept Inc. is a global medical aesthetic technology company. The Company has a broad product portfolio of minimally invasive and non-invasive medical aesthetic and hair restoration technologies and reaches in over 60 countries and 14 direct markets. The Company's product portfolio consists of aesthetic device platforms, including Venus Versa, Venus Legacy, Venus Velocity, Venus Fiore, Venus Viva, Venus Glow, Venus Bliss, Venus BlissMAX, Venus Epileve, Venus Viva MD and AI.ME. Its hair restoration systems include NeoGraft and the ARTAS iX Robotic Hair Restoration system. The Company's systems are designed on flexible platforms that enable it to expand beyond the aesthetic industry's traditional markets of dermatology and plastic surgery, and into non-traditional markets, including family and general practitioners and aesthetic medical spas. The Company's hair loss treatment solutions include the ARTAS Solution and the NeoGraft Solution.
Financial Overview
For the nine months ended 30 September 2023, Venus Concept Inc revenues decreased 23% to $58.2M. Net loss decreased 23% to $26.1M. Revenues reflect Subscription'��Systems segment decrease of 51% to $14.4M, Products'��Other segment decrease of 17% to $8M, International segment decrease of 28% to $26.6M, United States segment decrease of 17% to $31.7M.
Employees: 384 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $78.70M as of Sep 30, 2023
Annual revenue (TTM): $82.51M as of Sep 30, 2023
EBITDA (TTM): -$23.81M as of Sep 30, 2023
Net annual income (TTM): -$36.05M as of Sep 30, 2023
Free cash flow (TTM): -$15.62M as of Sep 30, 2023
Net Debt Last Fiscal Year: $74.12M as of Sep 30, 2023
Shares outstanding: 6,355,230 as of Feb 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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