CUTR - Cutera surges as Wall Street welcomes Q4 revenue beat

Cutera (CUTR +10.0%) has added more than a tenth to its market cap on Wednesday after the maker of laser hair removal systems reported a strong revenue beat with its Q4 2021 financials. Driven mainly by ~56% YoY growth in the North American Capital Equipment division, revenue for the quarter climbed ~31% YoY to $65.6M expanding the full-year revenue by ~57% YoY to $231.3M. “I am particularly encouraged that our North American Capital business eclipsed Pre-Covid levels and delivered 56% growth in the quarter,” Chief Executive Officer Dave Mowry remarked. “We anticipate that this top-line momentum will continue as we move through the year, driven by our growing capital equipment pipeline and the strong ongoing patient demand,” he added. However, the company reported $3.9M of net loss during the quarter compared to $2.2M net income in the prior-year period as operating expenses climbed ~51% YoY to $40.2M. Meanwhile, the full-year

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Cutera surges as Wall Street welcomes Q4 revenue beat