Earnings Recap: Cutera Inc. (NASDAQ: CUTR)

Richard Bower

BRISBANE, Calif., November 13, 2019 – Shares of Cutera Inc. (NASDAQ: CUTR) showed the bearish trend with a lower momentum of -4.41% to $35.37. The company traded total volume of 201.279K shares as contrast to its average volume of 165.28K shares. The company has a market value of $498.22M and about 14.09M shares outstanding.

Cutera, Inc. (NASDAQ: CUTR) reported 12% increase in revenue over the prior year second quarter, to $47.80M, the highest quarterly revenue in the Company’s history. Net Income for the second quarter was $0.60M or $0.04 per fully-diluted share as compared to a net loss of $1.60M, or $0.11 per fully-diluted share in the prior year period.

The Company offered net profit margin of -20.50% while its gross profit margin was 49.30%. ROE was recorded as -69.90% while beta factor was 0.89. The stock, as of recent close, has shown the weekly upbeat performance of 7.34% which was maintained at 107.81% in this year.

Richard Bower

Richard Bower

I am Richard Bower and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Tribune Updates with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Healthcare” category. Address: 1208 Jewell Road Eagan, MN 55121, USA Phone: (+1) 612-598-3663 Email: Richardbower@tribuneupdates.com

Leave a Reply

Your email address will not be published. Required fields are marked *