Overview

* Venus Concept ( VERO ) Q2 revenue of $15.7 mln beats analyst expectations, per LSEG data

* Net income and EPS for Q2 missed analyst expectations, per LSEG data

* Co announced sale of Venus Hair business for $20 mln to focus on core operations

Outlook

* Company not providing financial guidance for fiscal year 2025

Result Drivers

* U.S. REVENUE GROWTH - U.S. revenue increased by 5% year-over-year, driven by a 23% rise in cash systems sales

* INTERNATIONAL REVENUE DECLINE - International revenue decreased by 18% year-over-year, attributed to customer uncertainty about economic stability and tighter third-party lending practices

* COST MANAGEMENT - Co focused on managing cash burn through disciplined cost management and targeted investments to support long-term growth, per CEO Rajiv De Silva

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $15.70 $14.60

Revenue mln mln (2

Analysts

)

Q2 EPS Miss -$8.03 -$6.54

(2

Analysts

)

Q2 Net Miss -$11.70 -$9.39

Income mln mln (2

Analysts

)

Q2 -$8.80

Adjusted mln

EBITDA

Q2 Gross 60.1%

Margin

Q2 Miss -$9 mln -$8.25

Operatin mln (2

g Income Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)