Venus Concept (VERO) Revenue & Revenue Breakdown

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Venus Concept Revenue Highlights

Latest Revenue (Y)

$64.83M

Latest Revenue (Q)

$9.92M

Main Segment (Y)

System

Main Geography (Y)

UNITED STATES

Venus Concept Revenue by Period

Venus Concept Revenue by Year

Date	Revenue	Change
2024-12-31	$64.83M	-15.09%
2023-12-31	$76.35M	-23.26%
2022-12-31	$99.50M	-5.80%
2021-12-31	$105.62M	35.39%
2020-12-31	$78.01M	-29.34%
2019-12-31	$110.41M	402.85%
2018-12-31	$21.96M	3.09%
2017-12-31	$21.30M	36.52%
2016-12-31	$15.60M	-9.46%
2015-12-31	$17.23M	-

Venus Concept generated $64.83M in revenue during NA 2024, up -15.09% compared to the previous quarter, and up 58.72% compared to the same period a year ago.

Venus Concept Revenue by Quarter

Date	Revenue	Change
2024-09-30	$9.92M	-40.17%
2024-06-30	$16.58M	-5.13%
2024-03-31	$17.48M	-3.60%
2023-12-31	$18.13M	2.93%
2023-09-30	$17.62M	-12.25%
2023-06-30	$20.07M	-2.22%
2023-03-31	$20.53M	-15.46%
2022-12-31	$24.29M	12.75%
2022-09-30	$21.54M	-21.00%
2022-06-30	$27.27M	3.26%
2022-03-31	$26.41M	-19.08%
2021-12-31	$32.63M	32.86%
2021-09-30	$24.56M	-4.90%
2021-06-30	$25.83M	14.30%
2021-03-31	$22.60M	-12.52%
2020-12-31	$25.83M	24.90%
2020-09-30	$20.68M	21.68%
2020-06-30	$17.00M	17.15%
2020-03-31	$14.51M	-54.45%
2019-12-31	$31.85M	863.23%
2019-09-30	$3.31M	12.83%
2019-06-30	$2.93M	-45.66%
2019-03-31	$5.39M	-18.98%
2018-12-31	$6.66M	38.19%
2018-09-30	$4.82M	-12.00%
2018-06-30	$5.47M	9.39%
2018-03-31	$5.00M	-14.53%
2017-12-31	$5.86M	40.20%
2017-09-30	$4.18M	-27.85%
2017-06-30	$5.79M	5.74%
2017-03-31	$5.47M	5.74%
2016-12-31	$5.18M	40.86%
2016-09-30	$3.68M	-

Venus Concept generated $9.92M in revenue during Q3 2024, up -40.17% compared to the previous quarter, and up 49.42% compared to the same period a year ago.

Venus Concept Revenue Breakdown

Venus Concept Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Product	$10.47M	$10.56M	$13.32M	$13.23M	$10.86M
Leases	$13.27M	$20.50M	$35.27M	$45.09M	$33.43M
System	$38.02M	$41.87M	$47.91M	$43.11M	$28.96M
Service	$3.08M	$3.41M	$3.01M	$4.19M	$4.77M

Venus Concept's latest annual revenue breakdown by segment (product or service), as of Dec 24: System (58.64%), Leases (20.46%), Product (16.15%), and Service (4.75%).

Quarterly Revenue by Product

Product/Service	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
System	$10.00M	$8.90M	$8.59M	$10.54M	$8.66M	$9.83M	$12.31M	$11.06M	$14.07M	$11.88M	$16.58M	$8.02M	$8.69M	$9.81M	$11.20M	$7.50M	$6.76M	$3.50M	-	-
Product	$2.52M	$2.74M	$2.65M	$2.56M	$5.13M	$2.49M	$2.95M	$3.61M	$3.50M	$3.90M	$2.96M	$3.31M	$3.06M	$3.72M	$2.63M	$1.79M	$1.51M	-	-	-
Leases	$2.47M	$2.68M	$4.52M	$3.59M	$6.06M	$4.37M	$4.31M	$5.76M	$5.78M	$7.19M	$11.87M	$10.42M	$11.14M	$12.63M	$12.79M	$8.54M	$9.72M	$9.43M	$7.46M	$6.81M
Service	$709.00K	$684.00K	$830.00K	$856.00K	$1.73M	$927.00K	$758.00K	$827.00K	$611.00K	$1.02M	$946.00K	$1.03M	$1.20M	$1.19M	$1.11M	$987.00K	$2.69M	-	-	-
Products and Services	-	-	-	-	-	-	-	-	-	$14.35M	$15.39M	-	-	-	-	-	-	-	-	-

Venus Concept's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: System (63.68%), Product (16.07%), Leases (15.74%), and Service (4.52%).

Venus Concept Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
UNITED STATES	$38.18M	$43.45M	$52.10M	$53.52M	$33.99M
Non-US	$26.66M	$32.90M	$47.40M	$52.10M	-

Venus Concept's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (58.88%), and Non-US (41.12%).

Quarterly Revenue by Country

Country	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19
UNITED STATES	$11.27M	$8.55M	$9.28M	$9.08M	$11.79M	$11.17M	$9.76M	$10.74M	$13.78M	$13.13M	$16.50M	$13.19M	$10.88M	$11.65M	$7.78M	$8.91M	$5.64M	$1.41M	$2.02M	-
Non-US	$4.50M	$6.46M	$7.30M	$8.40M	$6.34M	$6.45M	$10.32M	$9.79M	$10.50M	$13.28M	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	-	-	-	$758.00K	-	-	-	-	-	-	-	-	-	-	-	-
System	-	-	-	-	-	-	-	$11.06M	-	-	-	-	-	-	-	-	-	-	-	-
Leases	-	-	-	-	-	-	-	$5.76M	-	-	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	-	$2.95M	-	-	-	-	-	-	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	$12.96M	-	-	-	-	-	-	-	-
Rest Of World	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$324.00K	$177.00K
Europe And Middle East	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.38M	$322.00K
Asia Pacific	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$196.00K	$407.00K

Venus Concept's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (71.47%), and Non-US (28.53%).

Venus Concept Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
INGN	Inogen	$335.70M	$88.83M
AXGN	AxoGen	$187.34M	$48.64M
ANIK	Anika Therapeutics	$166.66M	$38.75M
ESTA	Establishment Labs	$166.03M	$40.23M
SRDX	Surmodics	$126.08M	$29.92M
NPCE	NeuroPace	$79.91M	$21.06M
SGHT	Sight Sciences	$79.87M	$20.16M
VERO	Venus Concept	$64.83M	$9.92M
LNSR	LENSAR	$53.49M	$13.54M
CVRX	CVRx	$51.29M	$13.37M
IRIX	IRIDEX	$48.67M	$11.58M
SSKN	STRATA Skin Sciences	$33.56M	$8.44M
HSCS	Heart Test Laboratories	$18.60M	-
AXDX	Accelerate Diagnostics	$11.70M	$2.98M
NUWE	Nuwellis	$8.74M	$2.37M
BBLG	Bone Biologics	-	-
AIMD	Ainos	-	-
BJDX	Bluejay Diagnostics	-	-
OFIX	Orthofix Medical	-	$198.62M

VERO Revenue FAQ

What is Venus Concept’s yearly revenue?

Venus Concept's yearly revenue for 2024 was $64.83M, representing a decrease of -15.09% compared to 2023. The company's yearly revenue for 2023 was $76.35M, representing a decrease of -23.26% compared to 2022. VERO's yearly revenue for 2022 was $99.5M, representing a decrease of -5.80% compared to 2021.

What is Venus Concept’s quarterly revenue?

Venus Concept's quarterly revenue for Q3 2024 was $9.92M, a -40.17% decrease from the previous quarter (Q2 2024), and a -43.68% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $16.58M, a -5.13% decrease from the previous quarter (Q1 2024), and a -17.40% decrease year-over-year (Q2 2023). VERO's quarterly revenue for Q1 2024 was $17.48M, a -3.60% decrease from the previous quarter (Q4 2023), and a -14.87% decrease year-over-year (Q1 2023).

What is Venus Concept’s revenue growth rate?

Venus Concept's revenue growth rate for the last 3 years (2022-2024) was -34.84%, and for the last 5 years (2020-2024) was -16.90%.

What are Venus Concept’s revenue streams?

Venus Concept's revenue streams in c 24 are Product, Leases, System, and Service. Product generated $10.47M in revenue, accounting 16.15% of the company's total revenue, down -0.89% year-over-year. Leases generated $13.26M in revenue, accounting 20.46% of the company's total revenue, down -35.31% year-over-year. System generated $38.02M in revenue, accounting 58.64% of the company's total revenue, down -9.20% year-over-year. Service generated $3.08M in revenue, accounting 4.75% of the company's total revenue, down -9.79% year-over-year.

What is Venus Concept’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Venus Concept was System. This segment made a revenue of $38.02M, representing 58.64% of the company's total revenue.