Cutera, Inc. | $CUTR Stock | Shares Climb Up as Company Reports Q2 Profits


Cutera, Inc. (NASDAQ: CUTR)


Cutera, Inc. (CUTR), a global medical device company yesterday reported their second quarter 2017 financial results.

Cutera reported second quarter net income of $1.9 million and second quarter earnings of  $0.13 per share. Cutera reported second quarter revenues of $36.4 million.   


Cutera, Inc. CEO’s  Comments

James Reinstein, President and Chief Executive Officer of Cutera, stated, “We are pleased with the record level of second quarter revenue.  This was coupled with significant improvement in several operating metrics, illustrating the organization’s ability to leverage the strong revenue. Our revenue growth of 32% was driven by multiple platforms within our product portfolio, with the launch of the truSculpt 3D product in North America being a significant driver of the growth and margin improvement this quarter. The truSculpt 3D also provides the Company with a new source of recurring revenue.

“Our Board’s approval to further expand our stock repurchase program reflects its confidence in our ability to build long-term value for shareholders.  I believe that our financial performance in the second quarter of 2017, and our overall trajectory, demonstrates that Cutera is positioned to meet our short, medium and long term goals,” concluded Mr. Reinstein.  Globe Newswire


CUTR Technical Analysis

CUTR opened trading yesterday at $25.45 which was down from the previous day’s trading close of $25.65. CUTR closed trading yesterday at $26.65 and spiked up after market to $31.25, equivalent to a 18% increase from the closing price. Taking a look at the daily chart we can see the last time CUTR traded above these levels we have to go back to the month of March 2007 when it traded at $36.19.

Taking a closer look at the daily chart we can see that before the spike up CUTR had already been in an overall upward trend dating back to May 18th when it traded at $20.00. CUTR has a float of 12.35 million shares and traded 1.44 times the normal daily trading volume on Monday.

For day trading purposes, I would like to see CUTR open trading on Tuesday above $29.75 and if it does I would be looking to take a long position at the bell. My stop loss would be $0.30 from my entry position fearing anything more than that and the stock would start to fill in the gap up.


Company Profile

Cutera, Inc., a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heating.

It also provides excel V, a vascular and benign pigmented lesion treatment platform; and xeo platform, a multi-application platform on which a customer purchases hand piece applications for the removal of unwanted hair, treatment of vascular lesions, and skin rejuvenation by treating discoloration, fine lines, and laxity.

In addition, the company offers GenesisPlus system, a laser product for use in the temporary increase of clear nails in patients with onychomycosis, as well as for the treatment of fine wrinkles, diffuse redness, and rosacea; solera console platform, including Opus and Titan consoles; and CoolGlide systems, as well as provides myQ, a third-party sourced system for the Japanese market.

Further, it provides pulsed light hand pieces for the treatment of discoloration, hair removal, and vascular treatments; Pearl and Pearl Fractional hand pieces; skin care products; and post-warranty services through extended service contracts or direct billing, as well as offers Titan hand piece refills and marketing brochures through the Internet.

The company markets and sells its products through direct sales force to plastic surgeons, dermatologists, gynecologists, family practitioners, primary care physicians, physicians performing aesthetic treatments in non-medical offices, and other qualified practitioners, as well as for physicians offering aesthetic treatments in non-medical offices. Cutera, Inc. was founded in 1998 and is headquartered in Brisbane, California. Yahoo Finance