Earnings Call Summary | Venus Concept(VERO.US) Q4 2023 Earnings Conference
Earnings Call Summary | Venus Concept(VERO.US) Q4 2023 Earnings Conference
The following is a summary of the Venus Concept Inc. (VERO) Q4 2023 Earnings Call Transcript:
以下是維納斯概念公司（VERO）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Venus Concept reported Q4 2023 revenue of $18.1 million, a decrease of 25% year-over-year yet an increase of 3% quarter-over-quarter.
Adverse macroeconomic conditions, tighter credit markets, and restructuring activities have negatively impacted total revenue.
A decrease in both international and US revenue was observed, by 40% and 14%, respectively.
The company saw an 11% YoY increase in cash system sales, which made up 67% of all systems and subscription sales for 2023.
Use of cash in operations decreased by more than half in 2023. The company reported a gross margin of 66.5%.
Total operating expenses were reduced by 20% YoY, although the net loss attributable to stockholders amounted to $2.01/share for Q4 2023.
金星概念公佈的2023年第四季度收入爲1,810萬美元，同比下降25％，但同比增長3％。
不利的宏觀經濟狀況、更緊縮的信貸市場和重組活動對總收入產生了負面影響。
觀察到國際和美國收入分別下降了40％和14％。
該公司的現金系統銷售額同比增長11％，佔2023年所有系統和訂閱銷售額的67％。
2023 年，運營中現金的使用減少了一半以上。該公司報告的毛利率爲66.5％。
儘管2023年第四季度歸屬於股東的淨虧損爲每股2.01美元，但總運營支出同比減少了20％。
Business Progress:
業務進展：
Venus Concept is transitioning to higher quality cash revenues and is phasing out unprofitable direct operations in specific international markets. In line with this, a slew of restructuring activities are ongoing.
The company has extended its international distribution network through two new exclusive partnerships in the UK and India and is discussing multiple new distribution arrangements.
Some new product pipeline projects are being advanced faster than expected.
A rebranding initiative was launched last October under the name Venus Aesthetic Intelligence with an aim to position the company strategically in the market.
A customer education and training series, named the NEXThetics program, was introduced in March.
An evaluation of strategic options to increase shareholder value is ongoing.
The company also weathered a challenging Q4 for its hair business, particularly the premium artist robot product.
The launch of two products, AI.ME and Versa Pro, is slated for 2024, although the AI.ME launch could be delayed.
Despite a challenging Q4, signs point to a potential rebound in the hair business for 2024.
Venus Concept正在向更高質量的現金收入過渡，並正在逐步停止在特定國際市場上無利可圖的直接業務。與此相一致，一系列重組活動正在進行中。
該公司通過在英國和印度的兩個新的獨家合作伙伴關係擴大了其國際分銷網絡，並正在討論多項新的分銷安排。
一些新產品管道項目的推進速度超出預期。
去年10月啓動了一項名爲Venus Aesthetic Intelligence的品牌重塑計劃，旨在爲公司在市場上的戰略定位。
名爲nexThetics計劃的客戶教育和培訓系列於3月推出。
正在對增加股東價值的戰略選擇進行評估。
該公司的美髮業務，尤其是高端藝術家機器人產品，也經歷了充滿挑戰的第四季度。
AI.ME和Versa Pro這兩款產品的發佈定於2024年推出，儘管AI.ME的發佈可能會推遲。
儘管第四季度充滿挑戰，但有跡象表明，2024年美髮業務可能會反彈。
More details: Venus Concept IR
更多詳情： 金星概念紅外
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