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Cutera to Announce Fourth Quarter and Full-Year 2023 Results on March 21, 2024

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Cutera, Inc. (Nasdaq: CUTR) announces the delay in filing Quarterly Reports due to an inventory shortfall, affecting the release of financial results for the fourth quarter and full year 2023. The Company plans to file its reports by March 21, 2024, and hold a conference call for investors and analysts to discuss the matter.
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BRISBANE, Calif.--(BUSINESS WIRE)-- Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”), a leading provider of aesthetic and dermatology solutions, today announced that it will report financial results for the fourth quarter and full year ended December 31, 2023 after the market close on Thursday, March 21, 2024.

The Company intends to file its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2023 and restated Quarterly Reports for the first and second quarters of 2023 in the week beginning March 4, 2024. As previously reported, the delay in filing the Quarterly Reports was due to the identification of an inventory shortfall relative to the system of record.

Due to the time-consuming nature of the analysis and associated processes to finalize the Quarterly Reports mentioned above, the Company anticipates that it will need additional time to complete its fiscal year closing procedures and file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Accordingly, the Company intends to file a Form 12b-25 with the Securities and Exchange Commission (the “SEC”) and file its annual report within the grace period allowed under Rule 12b-25(b).

Conference Call

The Company’s management will host a conference call to discuss these results and related matters at 1:30 p.m. PT (4:30 p.m. ET) on March 21, 2024.

Participants can register for the conference call at the following registration link. Upon registering, a calendar booking will be provided by email including the dial-in details and a unique PIN to access the call. Using this process will by-pass the operator and avoid the call queue. Registration will remain open until the end of the live conference call.

If participants prefer to dial in and speak with an operator, dial Canada/USA Toll Free: 1-800-319-4610 or +1-631-891-4304. It’s recommended that you call in 10 minutes prior to the scheduled start time if you are using one of these operator-assisted phone numbers.

The call will also be webcast and can be accessed from the Investor Relations section of Cutera’s website at http://www.cutera.com/. The webcast replay of the call will be available at the same site approximately one hour after the end of the call.

About Cutera, Inc.

Brisbane, California-based Cutera is a leading provider of aesthetic and dermatology solutions for practitioners worldwide. Since 1998, Cutera has been developing innovative, easy-to-use products that harness the power of science and nature to enable medical practitioners to offer safe and effective treatments to their patients. For more information, call +1-415-657-5500 or 1-888-4CUTERA or visit www.cutera.com.

Safe Harbor Statement

Certain statements in this press release, other than purely historical information, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result, the Company’s actual financial results, performance, achievements, or prospects may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “seek,” “guidance,” “predict,” “potential,” “likely,” “believe,” “will,” “should,” “expect,” “anticipate,” “estimate,” “plan,” “intend,” “forecast,” “foresee” or variations of these terms and similar expressions or the negative of these terms or similar expressions. Forward-looking statements are based on management's current, preliminary expectations and are subject to risks and uncertainties, which may cause Cutera's actual results to differ materially from the statements contained herein. These statements are not guarantees of future performance, and stockholders should not place undue reliance on forward-looking statements. There are several risks, uncertainties, and other important factors, many of which are beyond the Company’s control, that could cause its actual results to differ materially from the forward-looking statements contained in this press release, including those described in the “Risk Factors” section of Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other documents filed from time to time with the SEC by Cutera.

All information in this press release is as of the date of its release. Accordingly, undue reliance should not be placed on forward-looking statements. Cutera undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date they were made, or to reflect the occurrence of unanticipated events. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates concerning those or other forward-looking statements.

Cutera, Inc.

Greg Barker

VP, Corporate FP&A and Investor Relations

415-657-5500

IR@cutera.com

Source: Cutera, Inc.

FAQ

When will Cutera report financial results for the fourth quarter and full year 2023?

Cutera will report financial results for the fourth quarter and full year 2023 after the market close on Thursday, March 21, 2024.

Why was there a delay in filing Quarterly Reports for Cutera?

The delay in filing Quarterly Reports was due to the identification of an inventory shortfall relative to the system of record.

When will Cutera file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023?

Cutera intends to file a Form 12b-25 with the SEC and file its annual report within the grace period allowed under Rule 12b-25(b).

How can participants access the conference call to discuss the financial results?

Participants can register for the conference call at the provided registration link, or dial Canada/USA Toll Free: 1-800-319-4610 or +1-631-891-4304 to speak with an operator.

Where can the webcast replay of the conference call be accessed?

The webcast replay of the call will be available in the Investor Relations section of Cutera’s website at http://www.cutera.com/ approximately one hour after the end of the call.

Cutera, Inc.

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