Thu, May 15, 11:22 AM (60 days ago)
**Venus Concept Inc. (VERO) - Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $13.6M (down 21.9% YoY) - **Net Loss:** $12.4M (up 25.8% YoY) - **Cash & Equivalents:** $3.2M (down 25.6% from Q4 2024) - **Debt:** $35.5M (down 10.6% from Q4 2024) **Profit Margins:** - **Gross Margin:** 64.2% (down 2.4% YoY) - **Operating Margin:** -69.8% (down 25.4% YoY) **Cash Flow:** - **Operating Cash Flow:** -$6.3M (down $3.4M YoY) - **Financing Cash Flow:** $5.3M (up $2.7M YoY) **Earnings Changes:** - **EPS (Basic):** -$17.44 (down 3.6% YoY) - **EPS (Diluted):** -$17.44 (down 3.6% YoY) **Q1 2025 vs. Q1 2024:** - Revenue decline driven by economic uncertainty and tighter credit markets. - Gross margin erosion due to higher device system costs and product mix. - Operating expenses increased as a percentage of revenue due to lower topline revenue. - Cash used in operations increased due to higher net loss and changes in working capital. **Trends & Uncertainties:** - Global economic volatility and disruption impact customer spending and financing. - Strategic shift to prioritize cash deals over internal financing programs. - Uncertainties in economic stability and credit markets affect business operations. - Dependence on internal lease programs exposes the company to credit risk. **Future Operations Impact:** - Focus on adapting to macroeconomic challenges and opportunities. - Emphasis on cash generation and liquidity preservation. - Continued evaluation of strategic alternatives to enhance shareholder value. - Potential need for additional capital to fund future operations and access capital markets. **Note:** Amounts are in thousands ($000s).