Cutera Inc. recently reported an escalated loss for its fourth quarter, missing Wall Street's predictions. The firm's losses came to $45.2 million, equating to $2.27 per share, a substantial increase from last year's fourth quarter when losses were $7.79 million, or $0.40 per share.
According to compiled data from Thomson Reuters, analysts had anticipated the company's losses to be around $0.94 per share on average. These estimates usually don't include any exceptional items.
The firm's revenue for the quarter also fell significantly by 26.6%, from $67.4 million the previous year to the current $49.5 million.
From a more comprehensive perspective, Cutera Inc.'s fourth-quarter yield figures (according to generally accepted accounting principles or GAAP) are as follows: Earnings showed a loss of $45.2 million this year compared to a loss of $7.79 million last year. This translates to a loss per share of $2.27 this year versus $0.40 last year. Revenue figures also reported a decline with $49.5 million earnings versus the $67.4 million of last year.
