Cutera Reports Fourth Quarter and Full Year 2017 Record Revenue and Financial Results

Cutera (NASDAQ:CUTR) a leading provider of laser and other energy-based aesthetic systems for practitioners worldwide, today reported financial results for the fourth quarter and fiscal year ended December 31, 2017.

As quoted in the press release:

James Reinstein, President and Chief Executive Officer stated, “We are pleased with our fourth quarter and fiscal year 2017 performance. Our 26% global revenue growth in the fourth quarter was driven by the continued strength of systems revenue in North America, which increased 35%, as well as, considerable improvement in our International systems revenue, which increased 19%.  We believe the enhancements made to our International structure in 2017 will continue to drive execution improvements. We expect to build upon our 2017 success with continued North American and International expansion of legacy and newly launched products, as well as, consumables revenue related to truSculpt 3D^®, Juliet and Secret RF.  In the second half 2017, approximately 30% of our systems sold will realize a recurring revenue stream going forward.  We believe our newly created Commercial Team dedicated to supporting our consumable products will help expand this revenue opportunity.”

Click here to read the full press release.