CUTR Nasdaq· Cutera Inc.
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CUTR Nasdaq· Cutera Inc.
Earnings report Q4 2023

Cutera, Inc. Reports 26% Decrease in Revenue for Q3 2023

Segments of revenue

Cutera, Inc. reported consolidated revenue of $46.5 million for the quarter ended September 30, 2023. This represents a significant decrease of 26% compared to the corresponding quarter of the previous fiscal year.


Despite the decrease in revenue, Cutera, Inc. has not provided specific details regarding the reasons behind this decline. It is important to note that the third quarter results are preliminary and subject to adjustment pending the resolution of an inventory accounting issue. Therefore, it is difficult to ascertain the exact factors contributing to the decrease in revenue at this time.


Cutera, Inc. faced a significant challenge in the form of an inventory accounting issue during the third quarter of 2023. The company performed a physical inventory count, which revealed a shortfall of inventory amounting to approximately $8 million. This discrepancy between the physical count and the system of record has necessitated additional time and effort to complete the financial statements for the quarter. As a result, Cutera, Inc. was unable to file its Quarterly Report on Form 10-Q by the prescribed deadline.


The inventory accounting issue identified by Cutera, Inc. is a noteworthy development that has impacted the timely filing of the company's Quarterly Report. The discrepancy in inventory valuation could have potential implications for the company's financial performance and overall operations. It will be important to closely monitor how Cutera, Inc. addresses and resolves this issue in the coming months.


Cutera, Inc. experienced a significant decrease in revenue of 26% for the third quarter of 2023. However, the exact reasons behind this decline have not been disclosed, as the company's financial results are preliminary and subject to adjustment pending the resolution of an inventory accounting issue. Cutera, Inc. faced challenges related to a shortfall in inventory identified during a physical count, which has delayed the filing of its Quarterly Report. The impact of this inventory discrepancy on the company's financial performance and operations remains to be seen. Investors should closely monitor Cutera, Inc.'s efforts to address and resolve this issue in order to gain a clearer understanding of the company's future prospects.

Source documents

Form NT 10-Q  filed on Nov 13, 2023
86 pages scanned

Reference data

Company financials Q4 revenue 49.5M
Analyst estimates Q4 EPS beat by 37.70%
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