Venus Concept Q1 Revenue Down, Net Loss Widens
Ticker: VERO · Form: 10-Q · Filed: May 15, 2025 · CIK: 1409269
| Field | Detail |
|---|---|
| Company | Venus Concept Inc. (VERO) |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: earnings, revenue-decline, net-loss
TL;DR
Venus Concept Q1 revenue $24.4M (down from $38.4M), net loss $55.8M (up from $27M). Cash $7.75M.
AI Summary
Venus Concept Inc. reported its first quarter 2025 results, with total revenue of $24.4 million, a decrease from $38.4 million in the prior year period. The company's net loss widened to $55.8 million from $27 million in Q1 2024. As of March 31, 2025, Venus Concept had cash and cash equivalents of $7.75 million.
Why It Matters
The widening net loss and declining revenue indicate potential financial challenges for Venus Concept, which could impact its ability to fund operations and future growth.
Risk Assessment
Risk Level: high — The company's significant net loss and declining revenue suggest a high risk of financial distress.
Key Numbers
- $24.4M — Q1 2025 Revenue (Down from $38.4M in Q1 2024)
- $55.8M — Q1 2025 Net Loss (Worsened from $27M in Q1 2024)
- $7.75M — Cash and Cash Equivalents (As of March 31, 2025)
Key Players & Entities
- Venus Concept Inc. (company) — Filer of the 10-Q
- 24.4 million (dollar_amount) — Q1 2025 revenue
- 38.4 million (dollar_amount) — Q1 2024 revenue
- 55.8 million (dollar_amount) — Q1 2025 net loss
- 27 million (dollar_amount) — Q1 2024 net loss
- March 31, 2025 (date) — End of reporting period
- 7.75 million (dollar_amount) — Cash and cash equivalents as of March 31, 2025
FAQ
What was Venus Concept Inc.'s total revenue for the first quarter of 2025?
Venus Concept Inc.'s total revenue for the first quarter of 2025 was $24.4 million.
How does the Q1 2025 revenue compare to the same period in the previous year?
The Q1 2025 revenue of $24.4 million is a decrease from $38.4 million reported in the first quarter of 2024.
What was the net loss for Venus Concept Inc. in the first quarter of 2025?
Venus Concept Inc. reported a net loss of $55.8 million for the first quarter of 2025.
How did the net loss in Q1 2025 compare to Q1 2024?
The net loss widened to $55.8 million in Q1 2025, compared to a net loss of $27 million in Q1 2024.
What were Venus Concept Inc.'s cash and cash equivalents as of March 31, 2025?
As of March 31, 2025, Venus Concept Inc. had cash and cash equivalents totaling $7.75 million.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding Venus Concept Inc. (VERO).