Cutera, Inc. is a leading provider of laser, light and other energy-based aesthetic systems used by physicians and qualified practitioners in vital markets around the world. Through a dedication to performance, safety and efficacy, the company has developed a powerful portfolio of innovative systems designed to revolutionize the global market for aesthetic treatments. In recent months, Cutera has continued to build upon this progress, expanding its product line through the release of enlighten™ and excel HR™.
enlighten is the world’s first and only dual wavelength, dual pulse duration laser system designed for tattoo removal and the treatment of benign pigmented lesions. Through the release of this product, Cutera gains access to the rapidly expanding tattoo removal market, which is expected to climb to more than $83 million in 2018, according to a report by IBISWorld. The company’s other new product, excel HR, targets the single largest segment of the energy-based medical aesthetic procedures market – laser hair removal. By 2017, the number of laser hair removal procedures in the U.S. is expected to exceed 2.5 million, representing a 100 percent increase over 2013.
In the first quarter of 2015, Cutera successfully leveraged the marketability of its new products to achieve improved financial results. In particular, the company realized an 18 percent year-over-year increase in revenue, recording $19.1 million for the period. Among this growth, Cutera achieved a 48 percent spike in product revenue from North American markets, demonstrating the company’s tremendous growth potential moving forward.
“I am pleased with our first quarter 2015 revenue of $19.1 million, which represents the highest first quarter revenue since 2008,” Kevin Connors, president and chief executive officer of Cutera, stated in a news release. “[W]e believe that the market for aesthetic light-and-energy-based systems is healthy and expanding.”
With over 15 years of experience in the energy-based aesthetic systems industry, Cutera is in a strong strategic position to capitalize on its increasingly favorable market conditions. Look for the company to build upon its recent financial results through the continued development and commercialization of innovative solutions that meet and create market demand, providing a platform for sustainable growth in the years to come.
For more information, visit www.cutera.com
