Market Summary
USD4.93-0.40
Delayedas of 03 Oct 2023, 01:16 pm-7.50%
CUTR Stock Price
CUTR RSI Chart
CUTR Valuation
CUTR Price/Sales (Trailing)
CUTR Profitability
CUTR Fundamentals
CUTR Revenue
CUTR Earnings
Price Action
52 Week Range
4.9352.89
(Low)(High)
Last 7 days
-17.5%
Last 30 days
-53.9%
Last 90 days
-65.2%
Trailing 12 Months
-88.3%
CUTR Financial Health
CUTR Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CUTR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | Karavitis Michael | sold (taxes) | -1,064 | 11.57 | -92.00 | evp, chief technology officer |
2023-09-01 | Drummond Stuart | sold (taxes) | -127 | 11.57 | -11.00 | interim cfo |
2023-08-29 | Drummond Stuart | bought | 49,000 | 9.8 | 5,000 | interim cfo |
2023-08-29 | Harris Taylor C. | bought | 297,300 | 9.91 | 30,000 | chief executive officer |
2023-08-28 | Jones Jeffrey S | acquired | - | - | 12,306 | chief operating officer |
2023-08-18 | Harris Taylor C. | acquired | - | - | 249,336 | - |
2023-08-01 | Karavitis Michael | sold (taxes) | -1,786 | 19.63 | -91.00 | evp, chief technology officer |
2023-08-01 | HOPKINS SHEILA | acquired | - | - | 6,368 | interim ceo |
2023-08-01 | Drummond Stuart | sold (taxes) | -215 | 19.63 | -11.00 | interim cfo |
2023-07-03 | Karavitis Michael | sold (taxes) | -1,407 | 15.3 | -92.00 | evp, chief technology officer |
Which funds bought or sold CUTR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 53.44 | -31,000 | 1,807,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | sold off | -100 | -4,275 | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -11.16 | -203,136 | 268,225 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -88.44 | -120,000 | 10,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 341 | 9,812 | 15,173 | -% |
2023-08-18 | Legato Capital Management LLC | added | 36.00 | -91,023 | 615,428 | 0.08% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -26.09 | -795,548 | 715,452 | -% |
2023-08-15 | BENJAMIN F. EDWARDS & COMPANY, INC. | unchanged | - | -2,000 | 3,000 | -% |
2023-08-15 | State of Tennessee, Treasury Department | unchanged | - | -51,491 | 91,764 | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | reduced | -38.15 | -1,771,000 | 1,162,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Cutera
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jul 31, 2023 | pura vida investments, llc | 7.82% | 1,554,795 | SC 13D/A | |
| Jul 25, 2023 | pura vida investments, llc | 6.35% | 1,263,602 | SC 13D/A | |
| Jul 07, 2023 | blackrock inc. | 6.3% | 1,255,462 | SC 13G/A | |
| Jun 13, 2023 | voce capital management llc | 4.7% | 930,696 | SC 13D/A | |
| Jun 12, 2023 | pura vida investments, llc | 7.47% | 1,482,281 | SC 13D/A | |
| May 16, 2023 | point72 asset management, l.p. | 5.5% | 1,088,100 | SC 13G | |
| May 15, 2023 | voce capital management llc | 6.1% | 1,210,224 | SC 13D/A | |
| May 10, 2023 | rtw investments, lp | 9.3% | 1,846,596 | SC 13D/A | |
| May 10, 2023 | pura vida investments, llc | 6.16% | 1,218,183 | SC 13D/A | |
| Apr 13, 2023 | rtw investments, lp | 9.3% | 1,846,596 | SC 13D |
Recent SEC filings of Cutera
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 3 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading | |
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | S-8 | Employee Benefits Plan | |
| Aug 09, 2023 | 10-Q | Quarterly Report |
Peers (Alternatives to Cutera)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ISRG | 103.6B | 6.7B | -4.97% | 57.37% | 72.72 | 15.55 | 11.75% | -0.66% |
MDT | 103.5B | 31.6B | -5.31% | -3.69% | 28.53 | 3.28 | 1.57% | -30.40% |
EW | 42.1B | 5.7B | -9.43% | -16.28% | 30.27 | 7.43 | 5.64% | -4.53% |
ALGN | 22.9B | 3.7B | -20.04% | 44.73% | 73.04 | 6.14 | -6.33% | -49.26% |
HOLX | 17.0B | 4.0B | -8.32% | 6.74% | 35.13 | 4.21 | -22.73% | -67.98% |
| MID-CAP | ||||||||
PEN | 9.1B | 937.8M | -9.65% | 25.86% | 313.94 | 9.75 | 16.30% | 250.21% |
NVST | 4.5B | 2.6B | -14.85% | -15.97% | 20.83 | 1.75 | 1.78% | -15.77% |
CNMD | 3.0B | 1.1B | -10.10% | 23.89% | 34.49 | 2.67 | 9.28% | 177.49% |
LIVN | 2.8B | 1.1B | -5.71% | 3.72% | -29.18 | 2.61 | 6.60% | -233.50% |
TMDX | 1.7B | 151.1M | -23.64% | 26.45% | -96.88 | 11.38 | 193.70% | 62.80% |
| SMALL-CAP | ||||||||
ESTA | 1.2B | 177.1M | -23.71% | -16.88% | -19.22 | 6.6 | 23.02% | 15.37% |
AVNS | 945.1M | 780.7M | -5.83% | -7.35% | -26.25 | 1.21 | 4.68% | -510.17% |
BLFS | 583.4M | 162.2M | 0.22% | -40.97% | -6.94 | 3.6 | 9.71% | 12.37% |
INGN | 120.1M | 349.3M | -16.18% | -78.67% | -1.25 | 0.34 | -1.13% | -239.54% |
SDC | 21.3M | 414.9M | -67.24% | -82.21% | -0.26 | 0.05 | -23.37% | 16.91% |
Cutera News
Returns for CUTR
Cumulative Returns on CUTR
-5.0%
10-Year Cumulative Returns
-10.9%
7-Year Cumulative Returns
-29.3%
5-Year Cumulative Returns
-33.7%
3-Year Cumulative Returns
Risks for CUTR
What is the probability of a big loss on CUTR?
98.5%
Probability that Cutera stock will be more than 20% underwater in next one year
79.6%
Probability that Cutera stock will be more than 30% underwater in next one year.
65.4%
Probability that Cutera stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CUTR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cutera was unfortunately bought at previous high price.
Drawdowns
Financials for Cutera
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -1.2% | 246,372,000 | 249,378,000 | 252,399,000 | 250,675,000 | 245,251,000 | 239,616,000 | 231,270,000 | 215,584,000 | 197,332,000 | 165,112,000 | 147,683,000 | 149,535,000 | 156,520,000 | 177,925,000 | 181,712,000 | 175,386,000 | 169,842,000 | 164,621,000 | 162,720,000 | 164,883,000 | 162,483,000 |
| Gross Profit | -5.3% | 125,978,000 | 132,968,000 | 139,829,000 | 139,261,000 | 138,438,000 | 137,183,000 | 133,105,000 | 122,990,000 | 111,311,000 | 89,146,000 | 75,772,000 | 76,496,000 | 80,983,000 | 95,190,000 | 98,163,000 | 88,159,000 | 83,811,000 | 80,357,000 | 80,382,000 | 88,929,000 | 89,254,000 |
| Operating Expenses | 6.9% | 194,045,000 | 181,570,000 | 178,019,000 | 173,944,000 | 163,062,000 | 149,675,000 | 131,275,000 | 117,688,000 | 107,846,000 | 98,680,000 | 98,600,000 | 102,696,000 | 108,381,000 | 111,358,000 | 110,228,000 | 103,785,000 | 98,026,000 | 97,026,000 | 93,774,000 | 92,288,000 | 85,399,000 |
| S&GA Expenses | 5.6% | 117,785,000 | 111,515,000 | 106,947,000 | 102,527,000 | 95,229,000 | 86,638,000 | 76,762,000 | 67,324,000 | 60,420,000 | 53,045,000 | 52,766,000 | 58,433,000 | 63,838,000 | 69,795,000 | 71,110,000 | 66,105,000 | 62,893,000 | 61,436,000 | 58,420,000 | 58,464,000 | 57,133,000 |
| R&D Expenses | -4.3% | 24,049,000 | 25,124,000 | 25,155,000 | 26,551,000 | 25,964,000 | 23,955,000 | 21,568,000 | 18,793,000 | 16,423,000 | 14,564,000 | 14,322,000 | 14,756,000 | 14,967,000 | 15,249,000 | 15,085,000 | 14,086,000 | 13,687,000 | 14,509,000 | 14,359,000 | 14,376,000 | 14,599,000 |
| EBITDA | 100.0% | - | -82,718,000 | -75,044,000 | -72,689,000 | -63,281,000 | -7,022,000 | 7,199,000 | - | - | -9,274,000 | -21,700,000 | -25,162,000 | -26,124,000 | -14,851,000 | -10,539,000 | -14,120,000 | -12,612,000 | - | - | - | - |
| EBITDA Margin | 100.0% | - | -0.33 | -0.30 | -0.29 | -0.26 | -0.03 | 0.03 | - | - | -0.06 | -0.15 | -0.17 | -0.17 | -0.08 | -0.06 | -0.08 | -0.07 | - | - | - | - |
| Interest Expenses | 23.1% | 9,628,000 | 7,819,000 | 5,658,000 | 4,443,000 | 3,472,000 | 3,101,000 | 2,514,000 | 1,737,000 | 969,000 | 191,000 | - | - | - | - | - | - | - | - | 85,000 | - | - |
| Earnings Before Taxes | 17.8% | -74,393,000 | -90,537,000 | -80,702,000 | -77,132,000 | -66,753,000 | -11,423,000 | 3,385,000 | 8,289,000 | 7,624,000 | -11,172,000 | -23,407,000 | -26,806,000 | -27,768,000 | -16,495,000 | -12,264,000 | -15,849,000 | -14,341,000 | -16,970,000 | -13,516,000 | -3,301,000 | 4,159,000 |
| EBT Margin | 100.0% | - | -0.36 | -0.32 | -0.31 | -0.27 | -0.05 | 0.01 | 0.04 | 0.04 | -0.07 | -0.16 | -0.18 | -0.18 | -0.09 | -0.07 | - | - | - | - | - | - |
| Net Income | 17.0% | -76,582,000 | -92,214,000 | -82,340,000 | -78,487,000 | -67,743,000 | -12,721,000 | 2,062,000 | 8,185,000 | 7,318,000 | -11,822,000 | -23,877,000 | -28,153,000 | -28,524,000 | -16,542,000 | -12,348,000 | -36,553,000 | -34,798,000 | -36,958,000 | -30,770,000 | 18,403,000 | 25,464,000 |
| Net Income Margin | 100.0% | - | -0.37 | -0.33 | -0.31 | -0.28 | -0.05 | 0.01 | 0.04 | 0.04 | -0.07 | -0.16 | -0.19 | -0.18 | -0.09 | -0.07 | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -107,985,000 | -89,693,000 | -62,045,000 | -42,551,000 | -30,857,000 | 220,000 | 2,153,000 | 4,621,000 | -4,865,000 | -18,213,000 | -18,666,000 | -17,359,000 | -7,386,000 | -3,208,000 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -7.2% | 464 | 500 | 521 | 428 | 424 | 267 | 280 | 268 | 264 | 260 | 133 | 123 | 113 | 94.00 | 114 | 111 | 108 | 97.00 | 98.00 | 119 | 116 |
| Current Assets | -11.6% | 370 | 418 | 451 | 366 | 373 | 237 | 250 | 242 | 239 | 234 | 106 | 96.00 | 97.00 | 77.00 | 95.00 | 92.00 | 88.00 | 78.00 | 87.00 | 87.00 | 85.00 |
| Cash Equivalents | 8.3% | 181 | 167 | 146 | 46.00 | 76.00 | 58.00 | 165 | 162 | 169 | 165 | 47.00 | 29.00 | 34.00 | 15.00 | 26.00 | 23.00 | 28.00 | 19.00 | 26.00 | 22.00 | 18.00 |
| Inventory | -4.4% | 69.00 | 72.00 | 64.00 | 56.00 | 45.00 | 52.00 | 40.00 | 35.00 | 35.00 | 35.00 | 29.00 | 29.00 | 31.00 | 37.00 | 34.00 | 34.00 | 27.00 | 27.00 | 28.00 | 31.00 | 30.00 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 3.00 | 3.00 | 3.00 |
| Goodwill | 0% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Liabilities | -1.1% | 533 | 539 | 536 | 413 | 400 | 224 | 224 | 213 | 211 | 218 | 76.00 | 71.00 | 61.00 | 61.00 | 68.00 | 67.00 | 65.00 | 58.00 | 51.00 | 49.00 | 46.00 |
| Current Liabilities | -5.3% | 103 | 109 | 106 | 98.00 | 86.00 | 74.00 | 74.00 | 63.00 | 60.00 | 66.00 | 54.00 | 45.00 | 45.00 | 52.00 | 59.00 | 55.00 | 53.00 | 47.00 | 48.00 | 45.00 | 43.00 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | 4.00 | 7.00 | 7.00 | - | - | - | - | - | - | - | - |
| Shareholder's Equity | -77.2% | -69.14 | -39.01 | -15.18 | 15.00 | 24.00 | 43.00 | 57.00 | 55.00 | 53.00 | 42.00 | 57.00 | 52.00 | 52.00 | 34.00 | 46.00 | 44.00 | 43.00 | 39.00 | 46.00 | 70.00 | 69.00 |
| Retained Earnings | -19.1% | -197 | -165 | -140 | -132 | -120 | -73.31 | -58.17 | -54.24 | -52.85 | -60.59 | -60.23 | -62.42 | -60.17 | -48.77 | -36.36 | -34.27 | -31.64 | -32.23 | -24.01 | 2.00 | 3.00 |
| Additional Paid-In Capital | 1.2% | 128 | 127 | 125 | 149 | 145 | 116 | 115 | 110 | 106 | 102 | 117 | 114 | 113 | 82.00 | 82.00 | 78.00 | 75.00 | 71.00 | 70.00 | 68.00 | 66.00 |
| Shares Outstanding | 0.6% | 20.00 | 20.00 | 20.00 | 20.00 | 19.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 17.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -41.3% | -105,240 | -74,455 | -66,995 | -47,305 | -33,668 | -29,622 | 1,235 | 3,040 | 5,835 | -3,715 | -16,934 | -17,425 | -16,249 | -6,230 | -2,217 | 2,233 | 2,892 | 2,402 | 308 | -1,437 | 3,894 |
| Share Based Compensation | -23.2% | 10,560 | 13,743 | 14,400 | 17,686 | 17,183 | 15,369 | 13,172 | 10,559 | 8,799 | 9,975 | 10,109 | 10,885 | 12,081 | 10,505 | 9,832 | 8,637 | 7,090 | 6,776 | 7,157 | 7,011 | 6,377 |
| Cashflow From Investing | 307.0% | 122,990 | -59,423 | -194,182 | -220,022 | -212,192 | -75,274 | -944 | 12,263 | 11,792 | 3,700 | 6,389 | -7,785 | -9,919 | 2,158 | 1,067 | -2,091 | 5,446 | 3,772 | 10,773 | 29,005 | 22,772 |
| Cashflow From Financing | -63.8% | 87,854 | 242,974 | 242,937 | 151,421 | 152,410 | -1,604 | 117,526 | 117,789 | 117,914 | 150,173 | 31,276 | 31,725 | 32,159 | -312 | 1,414 | 871 | 898 | 2,074 | 787 | -20,486 | -26,913 |
CUTR Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net revenue: | ||||
| Total net revenue | $ 61,218 | $ 64,224 | $ 116,211 | $ 122,238 |
| Cost of revenue: | ||||
| Total cost of revenue | 33,164 | 29,180 | 63,230 | 55,406 |
| Gross profit | 28,054 | 35,044 | 52,981 | 66,832 |
| Operating expenses: | ||||
| Sales and marketing | 33,271 | 27,001 | 62,783 | 51,945 |
| Research and development | 5,784 | 6,859 | 12,252 | 13,358 |
| General and administrative | 18,528 | 11,248 | 31,044 | 24,750 |
| Total operating expenses | 57,583 | 45,108 | 106,079 | 90,053 |
| Loss from operations | (29,529) | (10,064) | (53,098) | (23,221) |
| Interest and other expense, net: | ||||
| Amortization of debt issuance costs | (557) | (298) | (1,109) | (517) |
| Interest on convertible notes | (2,958) | (1,149) | (5,897) | (1,927) |
| Loss on extinguishment of convertible notes | 0 | (34,423) | ||
| Interest income | 2,179 | 382 | 4,658 | 395 |
| Other expense, net | (453) | (1,910) | (616) | (2,678) |
| Total interest and other expense, net | (1,789) | (37,398) | (2,964) | (39,150) |
| Loss before income taxes | (31,318) | (47,462) | (56,062) | (62,371) |
| Income tax expense (benefit) | 326 | (186) | 598 | 47 |
| Net loss | $ (31,644) | $ (47,276) | $ (56,660) | $ (62,418) |
| Net loss per share: | ||||
| Basic (USD per share) | $ (1.59) | $ (2.53) | $ (2.86) | $ (3.39) |
| Diluted (USD per share) | $ (1.59) | $ (2.53) | $ (2.86) | $ (3.39) |
| Weighted-average number of shares used in per share calculation: | ||||
| Basic (in shares) | 19,858 | 18,700 | 19,819 | 18,392 |
| Diluted (in shares) | 19,858 | 18,700 | 19,819 | 18,392 |
| Convertible notes | ||||
| Interest and other expense, net: | ||||
| Loss on extinguishment of convertible notes | $ 0 | $ (34,423) | $ 0 | $ (34,423) |
| Total product revenue | ||||
| Net revenue: | ||||
| Total net revenue | 55,568 | 58,589 | 105,156 | 110,655 |
| Cost of revenue: | ||||
| Total cost of revenue | 29,473 | 25,899 | 56,704 | 48,811 |
| Service | ||||
| Net revenue: | ||||
| Total net revenue | 5,650 | 5,635 | 11,055 | 11,583 |
| Cost of revenue: | ||||
| Total cost of revenue | $ 3,691 | $ 3,281 | $ 6,526 | $ 6,595 |
CUTR Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 180,654 | $ 145,924 |
| Marketable investments | 41,949 | 171,390 |
| Accounts receivable, net of allowance for credit losses of $5,011 and $2,497, respectively | 53,079 | 45,562 |
| Inventories, net | 68,668 | 63,628 |
| Other current assets and prepaid expenses | 24,900 | 24,036 |
| Restricted cash | 700 | 700 |
| Total current assets | 369,950 | 451,240 |
| Property and equipment, net | 65,511 | 40,368 |
| Deferred tax assets | 547 | 590 |
| Goodwill | 1,339 | 1,339 |
| Operating lease right-of-use assets | 11,370 | 12,831 |
| Other long-term assets | 15,113 | 14,620 |
| Total assets | 463,830 | 520,988 |
| Current liabilities: | ||
| Accounts payable | 34,240 | 33,736 |
| Accrued liabilities | 53,764 | 57,452 |
| Operating lease liabilities | 2,602 | 2,810 |
| Deferred revenue | 12,457 | 11,841 |
| Total current liabilities | 103,063 | 105,839 |
| Deferred revenue, net of current portion | 1,690 | 1,657 |
| Operating lease liabilities, net of current portion | 10,069 | 11,352 |
| Convertible notes, net of unamortized debt issuance costs of $11,557 and $12,666, respectively | 417,568 | 416,459 |
| Other long-term liabilities | 575 | 862 |
| Total liabilities | 532,965 | 536,169 |
| Commitments and Contingencies (Note 13) | ||
| Stockholders’ deficit: | ||
| Common stock, $0.001 par value; authorized: 50,000,000 shares; issued and outstanding: 19,901,600 and 19,668,603 shares at June 30, 2023 and December 31, 2022, respectively | 20 | 20 |
| Additional paid-in capital | 128,014 | 125,406 |
| Accumulated other comprehensive income (loss) | 4 | (94) |
| Accumulated deficit | (197,173) | (140,513) |
| Total stockholders’ deficit | (69,135) | (15,181) |
| Total liabilities and stockholders’ deficit | $ 463,830 | $ 520,988 |
Cutera, Inc., a medical device company, researches, develops, manufactures, markets, and services laser and energy-based aesthetics systems for practitioners worldwide. The company offers Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for deep dermal remodeling; truSculpt flex, a bio-electrical muscle stimulation device to treat patients at all fitness levels; excel V+, a vascular and benign pigmented lesion treatment platform; truSculpt iD, for the non-surgical body sculpting market; and Secret RF, a fractional RF microneedling system for tissue coagulation and hemostasis. It also provides enlighten platform, a laser system that is used for tattoo removal, as well as to treat benign pigmented lesions and acne scars; excel HR platform, a hair removal solution for various skin types; and xeo platform, a multi-application platform on which a customer purchases hand piece applications for the removal of unwanted hair, treatment of vascular lesions, and skin revitalization by treating discoloration, fine lines, and laxity. In addition, the company distributes skincare products; and offers post-warranty services through extended service contracts or direct billing. Further, it provides pulsed light hand pieces for the treatment of discoloration, hair removal, and vascular treatments; and Pearl and Pearl Fractional hand pieces, as well as sells hand piece refills, cycle refills, consumable tips, and marketing brochures through the company's website. The company markets and sells its products through direct sales force to plastic surgeons, dermatologists, gynecologists, family practitioners, primary care physicians, and other qualified practitioners, as well as for physicians performing aesthetic treatments in non-medical offices. Cutera, Inc. was incorporated in 1988 and is headquartered in Brisbane, California.