Cutera: 4Q Earnings Snapshot
BRISBANE, Calif. (AP) _ Cutera Inc. (CUTR) on Wednesday reported a fourth-quarter loss of $26.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Brisbane, California-based company said it had a loss of $1.89. Losses, adjusted for non-recurring costs and stock option expense, were 11 cents per share.
The maker of laser skin treatments posted revenue of $45.5 million in the period.
For the year, the company reported a loss of $30.8 million, or $2.23 per share, swinging to a loss in the period. Revenue was reported as $162.7 million.
Cutera expects full-year revenue in the range of $165 million to $175 million.
Cutera shares have decreased slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.60, a fall of 66 percent in the last 12 months.