The following is a summary of the STRATA Skin Sciences, Inc. (SSKN) Q4 2023 Earnings Call Transcript:

Financial Performance:

• STRATA Skin Sciences reported Q4 2023 revenue of $8.7 million and a full-year revenue of $33.4 million, showing a decline in recurring revenue.

• Global recurring revenues and equipment revenue for the full year 2023 also decreased compared to 2022.

• Despite reporting a net loss in Q4, the company has maintained a healthy cash balance of $8.1 million at the end of the year.

• Cost-saving measures have been implemented predominantly in the selling, marketing and G&A areas.

Business Progress:

• STRATA has prioritized leadership changes, product innovation, and considerable market expansion in 2023.

• The launch of TheraClearX Acne Therapy System and the amendment of the credit facility with MidCap Financial Trust indicate positive strategic moves.

• The company's focus for 2024 is to enhance device utilization, boost patient demand, and generate high-margin recurring revenue.

• The expanding Direct-To-Consumer campaign and integration of TheraClearX system in the clinical dermatology network for insurance-reimbursed treatment are promising business strategies for 2024.

More details: Strata Skin Sciences IR

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