Venus Concept Inc. (VERO)

Venus Concept Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	73.3	76.35	99.5	105.62	78.01	110.41
Revenue Growth (YoY)	-21.70%	-23.26%	-5.80%	35.39%	-29.34%	7.59%
Cost of Revenue	23.19	24.19	33.53	31.53	26.62	33.75
Gross Profit	50.12	52.17	65.97	74.09	51.39	76.65
Selling, General & Admin	70.68	72.28	89.89	81.99	84.09	98.9
Research & Development	7.35	8.2	10.95	9.65	7.75	8.03
Other Operating Expenses	0	0	0	-2.78	27.45	0
Operating Expenses	78.03	80.48	100.85	88.86	119.29	106.93
Operating Income	-27.91	-28.31	-34.88	-14.77	-67.9	-30.28
Interest Expense / Income	7.05	6.89	4.56	4.96	8.34	7.55
Other Expense / Income	2.69	2.12	4.99	4	7.85	0.94
Pretax Income	-37.66	-37.32	-44.42	-23.72	-84.09	-38.76
Income Tax	-0.27	-0.07	-0.72	-0.71	1.18	1.86
Net Income	-37.39	-37.25	-43.7	-23.01	-85.27	-40.62
Preferred Dividends	0	0	0	0	3.56	0
Net Income Common	-37.39	-37.25	-43.7	-23.01	-88.83	-40.62
Shares Outstanding (Basic)	6	5	4	4	2	1
Shares Outstanding (Diluted)	6	5	4	4	2	1
Shares Change	11.30%	23.74%	21.12%	48.71%	330.03%	79.95%
EPS (Basic)	-6.68	-6.84	-9.94	-6.30	-34.95	-71.55
EPS (Diluted)	-6.68	-6.84	-9.94	-6.30	-34.95	-71.55
Free Cash Flow	-9.92	-12.98	-27.32	-20.28	-28.94	-40.62
Free Cash Flow Per Share	-1.70	-2.38	-6.21	-5.59	-11.85	-71.54
Gross Margin	68.37%	68.32%	66.30%	70.15%	65.87%	69.43%
Operating Margin	-38.08%	-37.08%	-35.05%	-13.98%	-87.03%	-27.42%
Profit Margin	-51.00%	-48.79%	-43.92%	-21.79%	-113.87%	-36.79%
Free Cash Flow Margin	-13.53%	-16.99%	-27.45%	-19.20%	-37.10%	-36.79%
EBITDA	-26.52	-26.31	-35.4	-13.91	-70.94	-29.17
EBITDA Margin	-36.18%	-34.46%	-35.58%	-13.17%	-90.93%	-26.42%
Depreciation & Amortization	4.08	4.12	4.46	4.85	4.8	2.04
EBIT	-30.6	-30.43	-39.86	-18.77	-75.75	-31.21
EBIT Margin	-41.75%	-39.85%	-40.06%	-17.77%	-97.09%	-28.27%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).