Venus Concept Inc. (VERO) 10-Year Financial Performance & Capital Metrics

VERO • • Industrial / General

HealthcareMedical DevicesAesthetic & Reconstructive DevicesAesthetic & Hair Restoration Devices

AboutVenus Concept Inc., a medical technology company, develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies, and related services in the United States and internationally. Its product portfolio includes aesthetic device platforms, including Venus Legacy, a noninvasive device used in dermatological and general surgical procedures for females; Venus Versa, a multi-application device used in aesthetic and cosmetic procedures; and Venus Viva, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin. The company also offers Venus Fiore, a device that delivers non-thermal RF with massage and magnetic field pulses to treat various medical conditions; Venus Bliss, a device for non-invasive lipolysis of the abdomen and flanks in individuals with a body mass index of 30 or less; Venus Glow, a dermabrasion device used to improve skin appearance; and NeoGraft, an advanced hair restoration technology with an automated FUE and implantation system. In addition, it provides Venus Velocity and Venus Epileve for hair removal, permanent hair reduction, and treatment of pseudofolliculitis barbae; and ARTAS iX, a robotic system to assist physicians in identifying and extracting hair follicles units from the scalp during hair transplantation, creating recipient sites, and implanting the harvested hair follicles. The company is headquartered in Toronto, Canada.Show more

Revenue $65M -15.1%
EBITDA -$23M +3.7%
Net Income -$47M -26.2%
EPS (Diluted) -66.28 -869.0%
Gross Margin 68.34%
EBITDA Margin -35.93% -13.4%
Operating Margin -41.93% -13.1%
Net Margin -72.49% -48.6%
ROE -1655.95%
ROIC -39.8% -32.9%
Debt/Equity 15.16
Interest Coverage -3.55 +13.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 87.0% through buybacks
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 15.2x
✗Negative free cash flow
✗Weak momentum: RS Rating 9 (bottom 9%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.1% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.1%

3Y-15.01%

TTM-12.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-8.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM-209.73%

ROCE

10Y Avg-71.94%

5Y Avg-37.54%

3Y Avg-41.93%

Latest-54.16%

Peer Comparison

Aesthetic & Hair Restoration Devices

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VEROVenus Concept Inc.	2.66M	1.43	-0.02	-15.09%	-92.76%	-17.43%		15.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.23M	15.6M	21.3M	21.96M	110.41M	78.01M	105.62M	99.5M	76.35M	64.83M
Revenue Growth %	-	-0.09%	0.37%	0.03%	4.03%	-0.29%	0.35%	-0.06%	-0.23%	-0.15%
Cost of Goods Sold+	12.51M	10.43M	12.15M	12.45M	33.75M	26.62M	31.53M	33.53M	24.19M	20.53M
COGS % of Revenue	0.73%	0.67%	0.57%	0.57%	0.31%	0.34%	0.3%	0.34%	0.32%	0.32%
Gross Profit+	4.72M	5.17M	9.15M	9.51M	76.65M	51.39M	74.09M	65.97M	52.17M	44.31M
Gross Margin %	0.27%	0.33%	0.43%	0.43%	0.69%	0.66%	0.7%	0.66%	0.68%	0.68%
Gross Profit Growth %	-	0.1%	0.77%	0.04%	7.06%	-0.33%	0.44%	-0.11%	-0.21%	-0.15%
Operating Expenses+	25.24M	24.1M	26.43M	35.41M	106.93M	119.29M	88.86M	100.85M	80.48M	71.49M
OpEx % of Revenue	1.47%	1.54%	1.24%	1.61%	0.97%	1.53%	0.84%	1.01%	1.05%	1.1%
Selling, General & Admin	17.84M	16.63M	19.29M	27.04M	98.9M	84.08M	81.99M	89.89M	72.28M	64.8M
SG&A % of Revenue	1.04%	1.07%	0.91%	1.23%	0.9%	1.08%	0.78%	0.9%	0.95%	1%
Research & Development	7.4M	7.47M	7.13M	8.37M	8.03M	7.75M	9.65M	10.95M	8.2M	6.69M
R&D % of Revenue	0.43%	0.48%	0.34%	0.38%	0.07%	0.1%	0.09%	0.11%	0.11%	0.1%
Other Operating Expenses	0	0	0	0	0	27.45M	-2.77M	0	0	0
Operating Income+	-20.52M	-18.93M	-17.28M	-25.91M	-30.28M	-67.9M	-14.77M	-34.88M	-28.31M	-27.18M
Operating Margin %	-1.19%	-1.21%	-0.81%	-1.18%	-0.27%	-0.87%	-0.14%	-0.35%	-0.37%	-0.42%
Operating Income Growth %	-	0.08%	0.09%	-0.5%	-0.17%	-1.24%	0.78%	-1.36%	0.19%	0.04%
EBITDA+	-19.66M	-18.28M	-16.71M	-24.57M	-28.24M	-63.09M	-9.91M	-30.41M	-24.19M	-23.3M
EBITDA Margin %	-1.14%	-1.17%	-0.78%	-1.12%	-0.26%	-0.81%	-0.09%	-0.31%	-0.32%	-0.36%
EBITDA Growth %	-	0.07%	0.09%	-0.47%	-0.15%	-1.23%	0.84%	-2.07%	0.2%	0.04%
D&A (Non-Cash Add-back)	860K	654K	574K	1.34M	2.04M	4.8M	4.85M	4.46M	4.12M	3.89M
EBIT	-20.08M	-19.36M	-15.76M	-26.45M	-32.59M	-73.29M	-17.89M	-39.74M	-30.23M	-39.93M
Net Interest Income+	-2.89M	-2.48M	-2.03M	-2.22M	-7.85M	-8.34M	-4.96M	-4.56M	-6.89M	-7.66M
Interest Income	0	0	0	0	-297K	0	0	0	0	0
Interest Expense	2.89M	2.48M	2.03M	2.22M	7.55M	8.34M	4.96M	4.56M	6.89M	7.66M
Other Income/Expense	-2.45M	-2.91M	-504K	-2.77M	-10.16M	-13.74M	-8.08M	-9.43M	-8.81M	-20.4M
Pretax Income+	-22.97M	-21.85M	-17.79M	-28.68M	-40.44M	-81.64M	-22.85M	-44.31M	-37.12M	-47.58M
Pretax Margin %	-1.33%	-1.4%	-0.84%	-1.31%	-0.37%	-1.05%	-0.22%	-0.45%	-0.49%	-0.73%
Income Tax+	0	0	56K	47K	1.86M	1.18M	-707K	-722K	-71K	-611K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1.01%	0.99%	1%	0.99%
Net Income+	-22.97M	-21.85M	-17.84M	-28.73M	-40.62M	-81.71M	-23.01M	-43.7M	-37.25M	-47M
Net Margin %	-1.33%	-1.4%	-0.84%	-1.31%	-0.37%	-1.05%	-0.22%	-0.44%	-0.49%	-0.72%
Net Income Growth %	-	0.05%	0.18%	-0.61%	-0.41%	-1.01%	0.72%	-0.9%	0.15%	-0.26%
Net Income (Continuing)	-22.97M	-21.85M	-17.84M	-28.73M	-42.3M	-82.82M	-22.14M	-43.58M	-37.05M	-46.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	4.02M	2.5M	-471K	653K	645K	570K	469K
EPS (Diluted)+	-224.21	-213.23	-152.86	-192.87	-74.49	-33.92	-6.34	-9.91	-6.84	-66.28
EPS Growth %	-	0.05%	0.28%	-0.26%	0.61%	0.54%	0.81%	-0.56%	0.31%	-8.69%
EPS (Basic)	-224.21	-213.23	-152.86	-192.87	-74.49	-33.92	-6.34	-9.91	-6.84	-66.28
Diluted Shares Outstanding	102.45K	102.45K	116.72K	148.94K	567.8K	2.44M	3.63M	4.4M	5.44M	709K
Basic Shares Outstanding	102.45K	102.45K	116.72K	148.94K	567.8K	2.44M	3.63M	4.4M	5.44M	709K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.39M	17.94M	31.73M	29.49M	99.7M	115.4M	110.28M	83.71M	66.44M	48.51M
Cash & Short-Term Investments	17.13M	11.91M	23.55M	16.12M	15.67M	34.3M	30.88M	11.57M	5.4M	4.27M
Cash Only	17.13M	11.91M	23.55M	16.12M	15.67M	34.3M	30.88M	11.57M	5.4M	4.27M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.49M	2.48M	3.86M	6.57M	58.98M	56.35M	49.65M	39.49M	30.57M	19.33M
Days Sales Outstanding	31.65	58.05	66.22	109.2	194.98	263.66	171.56	144.88	146.15	108.83
Inventory	5.63M	2.74M	2.76M	5.52M	18.84M	17.76M	26.21M	29.79M	28.68M	17.56M
Days Inventory Outstanding	164.34	95.95	82.94	161.89	203.78	243.47	303.43	324.29	432.74	312.26
Other Current Assets	0	0	1.56M	0	3.1M	2.17M	808K	1.17M	503K	495K
Total Non-Current Assets+	1.09M	1.56M	1.24M	1.48M	91.42M	45.12M	47.1M	41.67M	27.21M	19.67M
Property, Plant & Equipment	988K	1.46M	1.14M	1.3M	4.65M	3.54M	2.67M	7.72M	5.84M	4.22M
Fixed Asset Turnover	17.44x	10.69x	18.71x	16.90x	23.75x	22.04x	39.57x	12.89x	13.08x	15.37x
Goodwill	0	0	0	2.6M	27.45M	0	0	0	0	0
Intangible Assets	0	0	0	0	22.34M	18.86M	15.39M	11.92M	8.45M	4.97M
Long-Term Investments	100K	100K	100K	38.2M	35.66M	21.15M	27.71M	20.04M	11.32M	8.53M
Other Non-Current Assets	0	0	0	-40.92M	710K	685K	1.04M	1.04M	574K	488K
Total Assets+	26.48M	19.5M	32.97M	30.97M	191.13M	160.53M	157.37M	125.38M	93.65M	68.18M
Asset Turnover	0.65x	0.80x	0.65x	0.71x	0.58x	0.49x	0.67x	0.79x	0.82x	0.95x
Asset Growth %	-	-0.26%	0.69%	-0.06%	5.17%	-0.16%	-0.02%	-0.2%	-0.25%	-0.27%
Total Current Liabilities+	4.96M	13.05M	14.05M	9.38M	48.17M	32.52M	34.72M	39.59M	31.16M	30.29M
Accounts Payable	1.03M	1.74M	2.04M	3.81M	9.4M	6.32M	8.42M	8.03M	9.04M	6.48M
Days Payables Outstanding	30.07	60.89	61.4	111.85	101.66	86.67	97.46	87.46	136.39	115.3
Short-Term Debt	0	7.45M	7.73M	49K	7.79M	0	543K	9.54M	5.75M	8.27M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	1.13M	1.77M	3.14M	7.53M	18.99M	15.5M	11.21M	6.57M
Current Ratio	5.12x	1.37x	2.26x	3.14x	2.07x	3.55x	3.18x	2.11x	2.13x	1.60x
Quick Ratio	3.98x	1.16x	2.06x	2.56x	1.68x	3.00x	2.42x	1.36x	1.21x	1.02x
Cash Conversion Cycle	165.92	93.11	87.76	159.25	297.09	420.46	377.54	381.72	442.5	305.79
Total Non-Current Liabilities+	143.72M	149.99M	5.73M	20.01M	66.28M	84.25M	81.06M	77.05M	75.94M	35.06M
Long-Term Debt	19.71M	13M	5.27M	19.42M	61.23M	79.6M	77.33M	70M	70.79M	31.44M
Capital Lease Obligations	0	0	0	0	0	0	0	4.22M	3.16M	2M
Deferred Tax Liabilities	0	0	0	1.89M	1.02M	811K	46K	0	15K	0
Other Non-Current Liabilities	124.01M	136.99M	459K	594K	2.35M	2.06M	2.33M	1.86M	1.31M	1.26M
Total Liabilities	148.68M	163.04M	19.78M	29.39M	114.45M	116.76M	115.78M	116.64M	107.1M	65.35M
Total Debt+	19.71M	20.45M	13M	19.47M	69.02M	79.6M	77.87M	83.77M	79.7M	43.03M
Net Debt	2.59M	8.54M	-10.54M	3.35M	53.35M	45.3M	46.99M	72.2M	74.3M	38.76M
Debt / Equity	-	-	0.99x	3.47x	0.90x	1.82x	1.87x	9.59x	-	15.16x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-7.10x	-7.62x	-8.53x	-11.65x	-4.01x	-8.14x	-2.98x	-7.65x	-4.11x	-3.55x
Total Equity+	-122.2M	-143.54M	13.19M	5.6M	76.68M	43.76M	41.6M	8.74M	-13.45M	2.84M
Equity Growth %	-	-0.17%	1.09%	-0.58%	12.68%	-0.43%	-0.05%	-0.79%	-2.54%	1.21%
Book Value per Share	-1192.81	-1401.10	113.04	37.63	135.04	17.92	11.46	1.99	-2.47	4.00
Total Shareholders' Equity	-122.2M	-143.54M	13.19M	1.58M	74.18M	44.23M	40.94M	8.09M	-14.02M	2.37M
Common Stock	2K	2K	3K	4K	24K	26K	27K	29K	30K	30K
Retained Earnings	-124.8M	-146.65M	-164.49M	-193.21M	-75.69M	-157.39M	-180.41M	-224.1M	-261.9M	-308.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	14K	14K	-79K	-50K	0	0	0	0	0	0
Minority Interest	0	0	0	4.02M	2.5M	-471K	653K	645K	570K	469K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.12M	-16.16M	-19.26M	-28.7M	-39.59M	-28.65M	-19.77M	-26.98M	-12.86M	-11.07M
Operating CF Margin %	-1.4%	-1.04%	-0.9%	-1.31%	-0.36%	-0.37%	-0.19%	-0.27%	-0.17%	-0.17%
Operating CF Growth %	-	0.33%	-0.19%	-0.49%	-0.38%	0.28%	0.31%	-0.36%	0.52%	0.14%
Net Income	-22.97M	-21.85M	-17.84M	-28.73M	-42.3M	-82.82M	-22.14M	-43.58M	-37.05M	-46.97M
Depreciation & Amortization	860K	654K	574K	813K	2.04M	4.8M	4.85M	4.46M	4.12M	3.89M
Stock-Based Compensation	429K	466K	465K	667K	2.16M	2.14M	2.07M	2.1M	1.57M	1.04M
Deferred Taxes	-578K	392K	-1.43M	1.95M	-1.13M	-438K	-165K	-709K	-69K	-443K
Other Non-Cash Items	1.21M	737K	578K	470K	12.47M	55.38M	764K	10.33M	6.94M	19.34M
Working Capital Changes	-3.07M	3.43M	-1.6M	-3.87M	-12.84M	-7.72M	-5.15M	417K	11.64M	12.08M
Change in Receivables	3.5M	-987K	-1.38M	-4.48M	-21.09M	93K	-869K	9.86M	14.89M	12.49M
Change in Inventory	-3.37M	2.89M	-19K	-2.76M	6.43M	-1.02M	-4.26M	-5.78M	-324K	4.46M
Change in Payables	-1.93M	709K	246K	1.8M	-5.97M	-2.98M	2.1M	-385K	1M	-2.21M
Cash from Investing+	-456K	-1.17M	1.62M	-1.01M	6.38M	-2.39M	-552K	-336K	-116K	-123K
Capital Expenditures	-456K	-1.17M	-229K	-1.01M	-1.12M	-291K	-512K	-336K	-116K	-123K
CapEx % of Revenue	0.03%	0.08%	0.01%	0.05%	0.01%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	2K	1.85M	0	7.51M	0	0	0	0	0
Cash from Financing+	8.89M	12.11M	29.37M	22.24M	42.2M	49.67M	16.82M	8.01M	6.8M	10.06M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	111K	41K	43K	392K	25.78M	-911K	817K	-101K	-275K	-126K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.57M	-17.34M	-19.48M	-29.7M	-40.72M	-28.94M	-20.28M	-27.32M	-12.97M	-11.19M
FCF Margin %	-1.43%	-1.11%	-0.91%	-1.35%	-0.37%	-0.37%	-0.19%	-0.27%	-0.17%	-0.17%
FCF Growth %	-	0.29%	-0.12%	-0.52%	-0.37%	0.29%	0.3%	-0.35%	0.53%	0.14%
FCF per Share	-239.86	-169.22	-166.94	-199.44	-71.71	-11.85	-5.59	-6.21	-2.38	-15.78
FCF Conversion (FCF/Net Income)	1.05x	0.74x	1.08x	1.00x	0.97x	0.35x	0.86x	0.62x	0.35x	0.24x
Interest Paid	1.45M	1.74M	1.5M	1.76M	6.17M	1.47M	3.29M	4.15M	4.47M	1.61M
Taxes Paid	61K	56K	28K	35K	1.09M	941K	116K	329K	124K	128K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-135.23%	-305.63%	-98.73%	-135.68%	-53.92%	-173.64%	-	-1655.95%
Return on Invested Capital (ROIC)	-	-	-489.11%	-335.02%	-32.68%	-46.49%	-12.47%	-30.86%	-29.95%	-39.8%
Gross Margin	27.38%	33.13%	42.95%	43.3%	69.43%	65.87%	70.15%	66.3%	68.32%	68.34%
Net Margin	-133.32%	-140.04%	-83.78%	-130.83%	-36.79%	-104.73%	-21.79%	-43.92%	-48.79%	-72.49%
Debt / Equity	-	-	0.99x	3.47x	0.90x	1.82x	1.87x	9.59x	-	15.16x
Interest Coverage	-7.10x	-7.62x	-8.53x	-11.65x	-4.01x	-8.14x	-2.98x	-7.65x	-4.11x	-3.55x
FCF Conversion	1.05x	0.74x	1.08x	1.00x	0.97x	0.35x	0.86x	0.62x	0.35x	0.24x
Revenue Growth	-	-9.46%	36.52%	3.09%	402.85%	-29.34%	35.39%	-5.8%	-23.26%	-15.09%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
System	-	-	31.73M	28.96M	43.11M	47.91M	41.87M	38.02M
System Growth	-	-	-	-8.74%	48.86%	11.14%	-12.59%	-9.20%
Leases	-	-	65.17M	33.43M	45.09M	35.27M	20.5M	13.27M
Leases Growth	-	-	-	-48.71%	34.90%	-21.79%	-41.86%	-35.31%
Product	-	-	6.03M	10.86M	13.23M	13.32M	10.56M	10.47M
Product Growth	-	-	-	80.07%	21.85%	0.65%	-20.67%	-0.89%
Service	-	-	7.48M	4.77M	4.19M	3.01M	3.41M	3.08M
Service Growth	-	-	-	-36.18%	-12.14%	-28.24%	13.46%	-9.79%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	8.92M	13.13M	47.72M	33.99M	53.52M	52.1M	43.45M	38.18M
UNITED STATES Growth	-	47.24%	263.41%	-28.78%	57.47%	-2.65%	-16.60%	-12.15%
Non-US	-	-	-	-	52.1M	47.4M	32.9M	26.66M
Non-US Growth	-	-	-	-	-	-9.03%	-30.58%	-18.98%
Asia Pacific	4.35M	4.01M	-	-	-	-	-	-
Asia Pacific Growth	-	-7.95%	-	-	-	-	-	-
E M E A	5.78M	3.5M	-	-	-	-	-	-
E M E A Growth	-	-39.42%	-	-	-	-	-	-
Rest Of World	2.24M	1.31M	-	-	-	-	-	-
Rest Of World Growth	-	-41.41%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Venus Concept Inc. (VERO) reported $58.9M in revenue for fiscal year 2024. This represents a 242% increase from $17.2M in 2015.

Venus Concept Inc. (VERO) saw revenue decline by 15.1% over the past year.

Venus Concept Inc. (VERO) reported a net loss of $54.6M for fiscal year 2024.

Dividend & Returns

Venus Concept Inc. (VERO) has a return on equity (ROE) of -1656.0%. Negative ROE indicates the company is unprofitable.

Venus Concept Inc. (VERO) had negative free cash flow of $20.7M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Venus Concept Inc. (VERO) 10-Year Financial Performance & Capital Metrics

VERO • • Industrial / General

HealthcareMedical DevicesAesthetic & Reconstructive DevicesAesthetic & Hair Restoration Devices

Revenue $65M -15.1%
EBITDA -$23M +3.7%
Net Income -$47M -26.2%
EPS (Diluted) -66.28 -869.0%
Gross Margin 68.34%
EBITDA Margin -35.93% -13.4%
Operating Margin -41.93% -13.1%
Net Margin -72.49% -48.6%
ROE -1655.95%
ROIC -39.8% -32.9%
Debt/Equity 15.16
Interest Coverage -3.55 +13.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 87.0% through buybacks
✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 15.2x
✗Negative free cash flow
✗Weak momentum: RS Rating 9 (bottom 9%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.1% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-10.1%

3Y-15.01%

TTM-12.39%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-8.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM-209.73%

ROCE

10Y Avg-71.94%

5Y Avg-37.54%

3Y Avg-41.93%

Latest-54.16%

Peer Comparison

Aesthetic & Hair Restoration Devices

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VEROVenus Concept Inc.	2.66M	1.43	-0.02	-15.09%	-92.76%	-17.43%		15.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.23M	15.6M	21.3M	21.96M	110.41M	78.01M	105.62M	99.5M	76.35M	64.83M
Revenue Growth %	-	-0.09%	0.37%	0.03%	4.03%	-0.29%	0.35%	-0.06%	-0.23%	-0.15%
Cost of Goods Sold+	12.51M	10.43M	12.15M	12.45M	33.75M	26.62M	31.53M	33.53M	24.19M	20.53M
COGS % of Revenue	0.73%	0.67%	0.57%	0.57%	0.31%	0.34%	0.3%	0.34%	0.32%	0.32%
Gross Profit+	4.72M	5.17M	9.15M	9.51M	76.65M	51.39M	74.09M	65.97M	52.17M	44.31M
Gross Margin %	0.27%	0.33%	0.43%	0.43%	0.69%	0.66%	0.7%	0.66%	0.68%	0.68%
Gross Profit Growth %	-	0.1%	0.77%	0.04%	7.06%	-0.33%	0.44%	-0.11%	-0.21%	-0.15%
Operating Expenses+	25.24M	24.1M	26.43M	35.41M	106.93M	119.29M	88.86M	100.85M	80.48M	71.49M
OpEx % of Revenue	1.47%	1.54%	1.24%	1.61%	0.97%	1.53%	0.84%	1.01%	1.05%	1.1%
Selling, General & Admin	17.84M	16.63M	19.29M	27.04M	98.9M	84.08M	81.99M	89.89M	72.28M	64.8M
SG&A % of Revenue	1.04%	1.07%	0.91%	1.23%	0.9%	1.08%	0.78%	0.9%	0.95%	1%
Research & Development	7.4M	7.47M	7.13M	8.37M	8.03M	7.75M	9.65M	10.95M	8.2M	6.69M
R&D % of Revenue	0.43%	0.48%	0.34%	0.38%	0.07%	0.1%	0.09%	0.11%	0.11%	0.1%
Other Operating Expenses	0	0	0	0	0	27.45M	-2.77M	0	0	0
Operating Income+	-20.52M	-18.93M	-17.28M	-25.91M	-30.28M	-67.9M	-14.77M	-34.88M	-28.31M	-27.18M
Operating Margin %	-1.19%	-1.21%	-0.81%	-1.18%	-0.27%	-0.87%	-0.14%	-0.35%	-0.37%	-0.42%
Operating Income Growth %	-	0.08%	0.09%	-0.5%	-0.17%	-1.24%	0.78%	-1.36%	0.19%	0.04%
EBITDA+	-19.66M	-18.28M	-16.71M	-24.57M	-28.24M	-63.09M	-9.91M	-30.41M	-24.19M	-23.3M
EBITDA Margin %	-1.14%	-1.17%	-0.78%	-1.12%	-0.26%	-0.81%	-0.09%	-0.31%	-0.32%	-0.36%
EBITDA Growth %	-	0.07%	0.09%	-0.47%	-0.15%	-1.23%	0.84%	-2.07%	0.2%	0.04%
D&A (Non-Cash Add-back)	860K	654K	574K	1.34M	2.04M	4.8M	4.85M	4.46M	4.12M	3.89M
EBIT	-20.08M	-19.36M	-15.76M	-26.45M	-32.59M	-73.29M	-17.89M	-39.74M	-30.23M	-39.93M
Net Interest Income+	-2.89M	-2.48M	-2.03M	-2.22M	-7.85M	-8.34M	-4.96M	-4.56M	-6.89M	-7.66M
Interest Income	0	0	0	0	-297K	0	0	0	0	0
Interest Expense	2.89M	2.48M	2.03M	2.22M	7.55M	8.34M	4.96M	4.56M	6.89M	7.66M
Other Income/Expense	-2.45M	-2.91M	-504K	-2.77M	-10.16M	-13.74M	-8.08M	-9.43M	-8.81M	-20.4M
Pretax Income+	-22.97M	-21.85M	-17.79M	-28.68M	-40.44M	-81.64M	-22.85M	-44.31M	-37.12M	-47.58M
Pretax Margin %	-1.33%	-1.4%	-0.84%	-1.31%	-0.37%	-1.05%	-0.22%	-0.45%	-0.49%	-0.73%
Income Tax+	0	0	56K	47K	1.86M	1.18M	-707K	-722K	-71K	-611K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1.01%	0.99%	1%	0.99%
Net Income+	-22.97M	-21.85M	-17.84M	-28.73M	-40.62M	-81.71M	-23.01M	-43.7M	-37.25M	-47M
Net Margin %	-1.33%	-1.4%	-0.84%	-1.31%	-0.37%	-1.05%	-0.22%	-0.44%	-0.49%	-0.72%
Net Income Growth %	-	0.05%	0.18%	-0.61%	-0.41%	-1.01%	0.72%	-0.9%	0.15%	-0.26%
Net Income (Continuing)	-22.97M	-21.85M	-17.84M	-28.73M	-42.3M	-82.82M	-22.14M	-43.58M	-37.05M	-46.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	4.02M	2.5M	-471K	653K	645K	570K	469K
EPS (Diluted)+	-224.21	-213.23	-152.86	-192.87	-74.49	-33.92	-6.34	-9.91	-6.84	-66.28
EPS Growth %	-	0.05%	0.28%	-0.26%	0.61%	0.54%	0.81%	-0.56%	0.31%	-8.69%
EPS (Basic)	-224.21	-213.23	-152.86	-192.87	-74.49	-33.92	-6.34	-9.91	-6.84	-66.28
Diluted Shares Outstanding	102.45K	102.45K	116.72K	148.94K	567.8K	2.44M	3.63M	4.4M	5.44M	709K
Basic Shares Outstanding	102.45K	102.45K	116.72K	148.94K	567.8K	2.44M	3.63M	4.4M	5.44M	709K
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	25.39M	17.94M	31.73M	29.49M	99.7M	115.4M	110.28M	83.71M	66.44M	48.51M
Cash & Short-Term Investments	17.13M	11.91M	23.55M	16.12M	15.67M	34.3M	30.88M	11.57M	5.4M	4.27M
Cash Only	17.13M	11.91M	23.55M	16.12M	15.67M	34.3M	30.88M	11.57M	5.4M	4.27M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.49M	2.48M	3.86M	6.57M	58.98M	56.35M	49.65M	39.49M	30.57M	19.33M
Days Sales Outstanding	31.65	58.05	66.22	109.2	194.98	263.66	171.56	144.88	146.15	108.83
Inventory	5.63M	2.74M	2.76M	5.52M	18.84M	17.76M	26.21M	29.79M	28.68M	17.56M
Days Inventory Outstanding	164.34	95.95	82.94	161.89	203.78	243.47	303.43	324.29	432.74	312.26
Other Current Assets	0	0	1.56M	0	3.1M	2.17M	808K	1.17M	503K	495K
Total Non-Current Assets+	1.09M	1.56M	1.24M	1.48M	91.42M	45.12M	47.1M	41.67M	27.21M	19.67M
Property, Plant & Equipment	988K	1.46M	1.14M	1.3M	4.65M	3.54M	2.67M	7.72M	5.84M	4.22M
Fixed Asset Turnover	17.44x	10.69x	18.71x	16.90x	23.75x	22.04x	39.57x	12.89x	13.08x	15.37x
Goodwill	0	0	0	2.6M	27.45M	0	0	0	0	0
Intangible Assets	0	0	0	0	22.34M	18.86M	15.39M	11.92M	8.45M	4.97M
Long-Term Investments	100K	100K	100K	38.2M	35.66M	21.15M	27.71M	20.04M	11.32M	8.53M
Other Non-Current Assets	0	0	0	-40.92M	710K	685K	1.04M	1.04M	574K	488K
Total Assets+	26.48M	19.5M	32.97M	30.97M	191.13M	160.53M	157.37M	125.38M	93.65M	68.18M
Asset Turnover	0.65x	0.80x	0.65x	0.71x	0.58x	0.49x	0.67x	0.79x	0.82x	0.95x
Asset Growth %	-	-0.26%	0.69%	-0.06%	5.17%	-0.16%	-0.02%	-0.2%	-0.25%	-0.27%
Total Current Liabilities+	4.96M	13.05M	14.05M	9.38M	48.17M	32.52M	34.72M	39.59M	31.16M	30.29M
Accounts Payable	1.03M	1.74M	2.04M	3.81M	9.4M	6.32M	8.42M	8.03M	9.04M	6.48M
Days Payables Outstanding	30.07	60.89	61.4	111.85	101.66	86.67	97.46	87.46	136.39	115.3
Short-Term Debt	0	7.45M	7.73M	49K	7.79M	0	543K	9.54M	5.75M	8.27M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	1.13M	1.77M	3.14M	7.53M	18.99M	15.5M	11.21M	6.57M
Current Ratio	5.12x	1.37x	2.26x	3.14x	2.07x	3.55x	3.18x	2.11x	2.13x	1.60x
Quick Ratio	3.98x	1.16x	2.06x	2.56x	1.68x	3.00x	2.42x	1.36x	1.21x	1.02x
Cash Conversion Cycle	165.92	93.11	87.76	159.25	297.09	420.46	377.54	381.72	442.5	305.79
Total Non-Current Liabilities+	143.72M	149.99M	5.73M	20.01M	66.28M	84.25M	81.06M	77.05M	75.94M	35.06M
Long-Term Debt	19.71M	13M	5.27M	19.42M	61.23M	79.6M	77.33M	70M	70.79M	31.44M
Capital Lease Obligations	0	0	0	0	0	0	0	4.22M	3.16M	2M
Deferred Tax Liabilities	0	0	0	1.89M	1.02M	811K	46K	0	15K	0
Other Non-Current Liabilities	124.01M	136.99M	459K	594K	2.35M	2.06M	2.33M	1.86M	1.31M	1.26M
Total Liabilities	148.68M	163.04M	19.78M	29.39M	114.45M	116.76M	115.78M	116.64M	107.1M	65.35M
Total Debt+	19.71M	20.45M	13M	19.47M	69.02M	79.6M	77.87M	83.77M	79.7M	43.03M
Net Debt	2.59M	8.54M	-10.54M	3.35M	53.35M	45.3M	46.99M	72.2M	74.3M	38.76M
Debt / Equity	-	-	0.99x	3.47x	0.90x	1.82x	1.87x	9.59x	-	15.16x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-7.10x	-7.62x	-8.53x	-11.65x	-4.01x	-8.14x	-2.98x	-7.65x	-4.11x	-3.55x
Total Equity+	-122.2M	-143.54M	13.19M	5.6M	76.68M	43.76M	41.6M	8.74M	-13.45M	2.84M
Equity Growth %	-	-0.17%	1.09%	-0.58%	12.68%	-0.43%	-0.05%	-0.79%	-2.54%	1.21%
Book Value per Share	-1192.81	-1401.10	113.04	37.63	135.04	17.92	11.46	1.99	-2.47	4.00
Total Shareholders' Equity	-122.2M	-143.54M	13.19M	1.58M	74.18M	44.23M	40.94M	8.09M	-14.02M	2.37M
Common Stock	2K	2K	3K	4K	24K	26K	27K	29K	30K	30K
Retained Earnings	-124.8M	-146.65M	-164.49M	-193.21M	-75.69M	-157.39M	-180.41M	-224.1M	-261.9M	-308.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	14K	14K	-79K	-50K	0	0	0	0	0	0
Minority Interest	0	0	0	4.02M	2.5M	-471K	653K	645K	570K	469K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.12M	-16.16M	-19.26M	-28.7M	-39.59M	-28.65M	-19.77M	-26.98M	-12.86M	-11.07M
Operating CF Margin %	-1.4%	-1.04%	-0.9%	-1.31%	-0.36%	-0.37%	-0.19%	-0.27%	-0.17%	-0.17%
Operating CF Growth %	-	0.33%	-0.19%	-0.49%	-0.38%	0.28%	0.31%	-0.36%	0.52%	0.14%
Net Income	-22.97M	-21.85M	-17.84M	-28.73M	-42.3M	-82.82M	-22.14M	-43.58M	-37.05M	-46.97M
Depreciation & Amortization	860K	654K	574K	813K	2.04M	4.8M	4.85M	4.46M	4.12M	3.89M
Stock-Based Compensation	429K	466K	465K	667K	2.16M	2.14M	2.07M	2.1M	1.57M	1.04M
Deferred Taxes	-578K	392K	-1.43M	1.95M	-1.13M	-438K	-165K	-709K	-69K	-443K
Other Non-Cash Items	1.21M	737K	578K	470K	12.47M	55.38M	764K	10.33M	6.94M	19.34M
Working Capital Changes	-3.07M	3.43M	-1.6M	-3.87M	-12.84M	-7.72M	-5.15M	417K	11.64M	12.08M
Change in Receivables	3.5M	-987K	-1.38M	-4.48M	-21.09M	93K	-869K	9.86M	14.89M	12.49M
Change in Inventory	-3.37M	2.89M	-19K	-2.76M	6.43M	-1.02M	-4.26M	-5.78M	-324K	4.46M
Change in Payables	-1.93M	709K	246K	1.8M	-5.97M	-2.98M	2.1M	-385K	1M	-2.21M
Cash from Investing+	-456K	-1.17M	1.62M	-1.01M	6.38M	-2.39M	-552K	-336K	-116K	-123K
Capital Expenditures	-456K	-1.17M	-229K	-1.01M	-1.12M	-291K	-512K	-336K	-116K	-123K
CapEx % of Revenue	0.03%	0.08%	0.01%	0.05%	0.01%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	2K	1.85M	0	7.51M	0	0	0	0	0
Cash from Financing+	8.89M	12.11M	29.37M	22.24M	42.2M	49.67M	16.82M	8.01M	6.8M	10.06M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	111K	41K	43K	392K	25.78M	-911K	817K	-101K	-275K	-126K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.57M	-17.34M	-19.48M	-29.7M	-40.72M	-28.94M	-20.28M	-27.32M	-12.97M	-11.19M
FCF Margin %	-1.43%	-1.11%	-0.91%	-1.35%	-0.37%	-0.37%	-0.19%	-0.27%	-0.17%	-0.17%
FCF Growth %	-	0.29%	-0.12%	-0.52%	-0.37%	0.29%	0.3%	-0.35%	0.53%	0.14%
FCF per Share	-239.86	-169.22	-166.94	-199.44	-71.71	-11.85	-5.59	-6.21	-2.38	-15.78
FCF Conversion (FCF/Net Income)	1.05x	0.74x	1.08x	1.00x	0.97x	0.35x	0.86x	0.62x	0.35x	0.24x
Interest Paid	1.45M	1.74M	1.5M	1.76M	6.17M	1.47M	3.29M	4.15M	4.47M	1.61M
Taxes Paid	61K	56K	28K	35K	1.09M	941K	116K	329K	124K	128K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-135.23%	-305.63%	-98.73%	-135.68%	-53.92%	-173.64%	-	-1655.95%
Return on Invested Capital (ROIC)	-	-	-489.11%	-335.02%	-32.68%	-46.49%	-12.47%	-30.86%	-29.95%	-39.8%
Gross Margin	27.38%	33.13%	42.95%	43.3%	69.43%	65.87%	70.15%	66.3%	68.32%	68.34%
Net Margin	-133.32%	-140.04%	-83.78%	-130.83%	-36.79%	-104.73%	-21.79%	-43.92%	-48.79%	-72.49%
Debt / Equity	-	-	0.99x	3.47x	0.90x	1.82x	1.87x	9.59x	-	15.16x
Interest Coverage	-7.10x	-7.62x	-8.53x	-11.65x	-4.01x	-8.14x	-2.98x	-7.65x	-4.11x	-3.55x
FCF Conversion	1.05x	0.74x	1.08x	1.00x	0.97x	0.35x	0.86x	0.62x	0.35x	0.24x
Revenue Growth	-	-9.46%	36.52%	3.09%	402.85%	-29.34%	35.39%	-5.8%	-23.26%	-15.09%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
System	-	-	31.73M	28.96M	43.11M	47.91M	41.87M	38.02M
System Growth	-	-	-	-8.74%	48.86%	11.14%	-12.59%	-9.20%
Leases	-	-	65.17M	33.43M	45.09M	35.27M	20.5M	13.27M
Leases Growth	-	-	-	-48.71%	34.90%	-21.79%	-41.86%	-35.31%
Product	-	-	6.03M	10.86M	13.23M	13.32M	10.56M	10.47M
Product Growth	-	-	-	80.07%	21.85%	0.65%	-20.67%	-0.89%
Service	-	-	7.48M	4.77M	4.19M	3.01M	3.41M	3.08M
Service Growth	-	-	-	-36.18%	-12.14%	-28.24%	13.46%	-9.79%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	8.92M	13.13M	47.72M	33.99M	53.52M	52.1M	43.45M	38.18M
UNITED STATES Growth	-	47.24%	263.41%	-28.78%	57.47%	-2.65%	-16.60%	-12.15%
Non-US	-	-	-	-	52.1M	47.4M	32.9M	26.66M
Non-US Growth	-	-	-	-	-	-9.03%	-30.58%	-18.98%
Asia Pacific	4.35M	4.01M	-	-	-	-	-	-
Asia Pacific Growth	-	-7.95%	-	-	-	-	-	-
E M E A	5.78M	3.5M	-	-	-	-	-	-
E M E A Growth	-	-39.42%	-	-	-	-	-	-
Rest Of World	2.24M	1.31M	-	-	-	-	-	-
Rest Of World Growth	-	-41.41%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Venus Concept Inc. (VERO) reported $58.9M in revenue for fiscal year 2024. This represents a 242% increase from $17.2M in 2015.

Venus Concept Inc. (VERO) saw revenue decline by 15.1% over the past year.

Venus Concept Inc. (VERO) reported a net loss of $54.6M for fiscal year 2024.

Dividend & Returns

Venus Concept Inc. (VERO) has a return on equity (ROE) of -1656.0%. Negative ROE indicates the company is unprofitable.

Venus Concept Inc. (VERO) had negative free cash flow of $20.7M in fiscal year 2024, likely due to heavy capital investments.