Welcome to our dedicated page for Venus Concept news (Ticker: VERO), a resource for investors and traders seeking the latest updates and insights on Venus Concept stock.
Venus Concept Inc. (NASDAQ: VERO) is a pioneering leader in the global medical aesthetic market, offering advanced, minimally invasive, and non-invasive aesthetic and hair restoration technologies. The company stands out with its industry-first subscription model, designed to assist both emerging and established practices in achieving success in the competitive field of aesthetics.
Venus Concept's innovative business model provides aesthetic professionals with unparalleled benefits. These include the most comprehensive warranty program, robust marketing support, continuous clinical education, and valuable practice enhancement programs. This unique approach enables practitioners worldwide to leverage cutting-edge technologies and business solutions to elevate their services and improve the quality of life for their clients.
The company's product portfolio includes a range of advanced aesthetic systems such as Venus Versa™, Venus Legacy™, Venus Velocity™, Venus Viva™, Venus Freeze Plus™, and Venus Skin™. Additionally, Venus Concept provides innovative hair restoration systems like NeoGraft® and the ARTAS iX® Robotic Hair Restoration system. These products address various medical aesthetic needs, including skin rejuvenation, body contouring, hair restoration, and cellulite reduction.
Headquartered in Toronto, Venus Concept operates in over 60 countries and maintains a direct presence in 12 markets, ensuring a global reach and local expertise. The company's latest advancements include the Venus Bliss MAX, a multifunctional platform offering diode laser applicators, Multi-Polar Radio Frequency, and Pulsed Electromagnetic Fields, all designed to treat a variety of aesthetic concerns.
Financially, Venus Concept continues to navigate its growth trajectory with strategic partnerships and investments. The company recently underwent significant debt restructuring, supported by Madryn Asset Management, which aims to enhance its financial stability and compliance with NASDAQ listing requirements. This support underscores a commitment to achieving sustainable profitability and operational efficiency.
Venus Concept's growth is also marked by its continuous expansion into new markets, such as Australia and Israel, where its products like the Venus Versa Pro and Venus Bliss MAX have been well received. These expansions are part of the company's broader strategy to extend its technological innovations to a global clientele, offering practitioners the tools they need to deliver exceptional aesthetic treatments.
Venus Concept (NASDAQ: VERO) reported a 19% year-over-year increase in total revenue for Q3 2021, reaching $24.6 million. U.S. revenue surged 67% to $13.0 million, while international revenue dropped 10%. The gross margin improved to 70.5%, up 5.2% percentage points. However, the GAAP net loss attributable to stockholders increased 35% to $9.8 million. The company also tightened its fiscal year 2021 revenue guidance to anticipate a growth of 33% to 37%.
Venus Concept, a leader in medical aesthetic technology, announces management's participation in the Stifel 2021 Virtual Healthcare Conference on November 17th at 4:00 p.m. ET. An audio webcast of the session will be available on their investor relations website, and a replay will follow the event. The company operates in over 60 countries, focusing on a subscription-based model for its diverse product portfolio, which includes devices for aesthetic procedures and hair restoration systems like NeoGraft and ARTAS.
Venus Concept (NASDAQ: VERO) announced FDA 510(k) clearance to market the Venus Freedom device in the U.S. This non-invasive device offers non-thermal radiofrequency treatment combined with massage and magnetic field pulses, targeting minor muscle aches and improving local blood circulation. CEO Domenic Serafino expressed optimism about expanding their technology portfolio, following previous Health Canada authorization for Venus Fiore. A limited launch is expected in Q1 2022. Venus Concept's innovative business model aims to provide attractive returns for the OBGYN community.
Venus Concept (NASDAQ: VERO) announced the appointment of Ross J. Portaro as President of Global Sales, effective October 15, 2021. He replaces Chad A. Zaring, who is resigning but will remain as a consultant until March 31, 2022. Portaro, previously Vice President of EMEA, brings over 30 years of healthcare experience. His leadership aims to strengthen the company's sales organization and enhance customer satisfaction. Venus Concept is recognized as an innovator in medical aesthetic technology, with a diverse product portfolio and operations in over 60 countries.
Venus Concept (NASDAQ: VERO) will announce its Q3 fiscal 2021 financial results on November 12, 2021, prior to market opening. A conference call is scheduled for 8:00 a.m. ET that day, featuring a Q&A session. Participants can join via phone with access code 13723892 or through a live webcast on their investor relations website. Venus Concept specializes in medical aesthetic technologies with a subscription-based sales model across more than 60 countries. The company offers a wide range of aesthetic devices and hair restoration systems, and is supported by prominent healthcare investors.
Venus Concept, a leader in medical aesthetic technology, will participate in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. Management's presentation will be available on-demand starting September 13 at 7:00 a.m. Eastern Time. Additionally, virtual investor meetings are scheduled for September 14. The presentation can be accessed via the Company's investor relations website, with a replay available post-conference. Venus Concept operates in over 60 countries, offering a range of minimally and non-invasively aesthetic and hair restoration technologies.
Venus Concept (NASDAQ: VERO) reported robust Q2 2021 financial results, with total revenue of $25.8 million, a 52% increase year-over-year. The company's gross margin improved to 72.5%, and GAAP operating income surged by 117% to $1.5 million. Net income also saw a significant rise, reaching $0.4 million. The company upgraded its full-year revenue guidance to between $102.0 million and $107.0 million, representing a projected growth of 31% to 37%. Recent product developments and collaborations further bolster its market position.
Venus Concept, a leader in medical aesthetic technology, announced its participation in the Sidoti & Co. Microcap Conference to be held virtually on August 18-19, 2021. Management will present on August 18 at 8:30 a.m. ET. An audio webcast of the presentation will be available on the Company's investor relations website, with an archive for later replay.
With a diverse product range, including minimally invasive aesthetic devices and hair restoration systems, Venus Concept operates in over 60 countries. The Company favors a subscription-based sales model in North America and direct markets.
Venus Concept (NASDAQ: VERO) has received a medical device license from Health Canada to market the Venus Fiore Feminine Health System. This follows the CE Mark received in March 2020. The limited launch in Canada and the EU is expected in Q3 2021.
The Venus Fiore system uniquely addresses feminine health issues, providing three non-surgical treatments: internal vaginal, labia tightening, and mons pubis skin tightening. Designed for post-menopausal women, it aims to enhance sexual quality of life and improve physical appearance.
Venus Concept, a leader in medical aesthetic technology, will participate in the Ladenburg Thalmann Healthcare Conference on July 13, 2021, at 2:30 p.m. ET. An audio webcast of the presentation will be available on the company’s investor relations website, with an archive for later access.
The company operates a subscription-based business model, offering a wide range of devices for minimally invasive and non-invasive aesthetic treatments and hair restoration systems worldwide.
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