Venus Concept Inc. (HAIR) [Rocket]

Overview

Venus Concept Inc. (HAIR)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
10/12/2023	8-K	Quarterly results
10/06/2023	4	Madryn Asset Management, LP (10% Owner) has filed a Form 4 on Venus Concept Inc.
10/05/2023	8-K	Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Amendments to Articles of Incorporation ...
08/15/2023	4	MANDARELLO MICHAEL (General Counsel & Secretary) has filed a Form 4 on Venus Concept Inc.
08/14/2023	10-Q	Quarterly Report for the period ended June 30, 2023
08/14/2023	8-K	Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	99.5	105.6	78.0	110.4	102.6	21.3	15.6	17.2
Revenue growth	-5.8%	35.4%	-29.3%	7.6%	381.8%	36.5%	-9.5%
Cost of goods sold	33.5	31.5	26.6	33.8	23.3	12.2	10.4	12.5
Gross profit	66.0	74.1	51.4	76.7	79.4	9.1	5.2	4.7
Gross margin	66.3%	70.2%	65.9%	69.4%	77.3%	42.9%	33.1%	27.4%
Sales and marketing	40.3	41.9	26.2	41.4	37.3	14.4	12.5	14.6
Research and development	11.0	9.6	7.8	8.0	7.0	7.1	7.5	7.4
General and administrative	49.6	40.1	57.9	57.5	27.4	4.9	4.1	3.3
EBITA	-29.9	-10.7	-34.7	-30.3	-3.4	-17.3	-18.9	-20.5
EBITA margin	-30.1%	-10.2%	-44.5%	-27.4%	-3.3%	-81.1%	-121.4%	-119.1%
Amortization of intangibles	3.5	3.5	3.5
EBIT	-33.4	-14.2	-38.2	-30.3	-3.4	-17.3	-18.9	-20.5
EBIT margin	-33.6%	-13.4%	-49.0%	-27.4%	-3.3%	-81.1%	-121.4%	-119.1%
Pre-tax income	-44.3	-22.8	-81.6	-40.4	-12.0	-17.8	-21.8	-23.0
Income taxes	-0.7	-0.7	1.2	1.9	2.2	0.1	0.0	0.0
Tax rate	1.6%	3.1%					0.0%	0.0%
Net income	-43.7	-23.0	-85.3	-40.6	-15.0	-17.8	-21.8	-23.0
Net margin	-43.9%	-21.8%	-109.3%	-36.8%	-14.6%	-83.8%	-140.0%	-133.3%

Diluted EPS	($0.66)	($0.42)	($2.33)	($4.77)	($3.16)	($2.42)	($13.54)	($14.70)
Shares outstanding (diluted)	66.0	54.5	36.6	8.5	4.7	7.4	1.6	1.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.