Venus Concept (VERO) Revenue & Revenue Breakdown

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Venus Concept Revenue Highlights

Latest Revenue (Y)

$76.35M

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
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 $76.35M in revenue during NA 2023, up -23.26% compared to the previous quarter, and up 347.76% 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 23	Dec 22	Dec 21	Dec 20	Dec 19
Service	$3.41M	$3.01M	$4.19M	$4.77M	$7.48M
System	$41.87M	$47.91M	$43.11M	$28.96M	$31.73M
Leases	$20.50M	$35.27M	$45.09M	$33.43M	$65.17M
Product	$10.56M	$13.32M	$13.23M	$10.86M	$6.03M

Venus Concept's latest annual revenue breakdown by segment (product or service), as of Dec 23: System (54.84%), Leases (26.85%), Product (13.83%), and Service (4.47%).

Quarterly Revenue by Product

Product/Service	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	Sep 19
Leases	$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	$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	-	-	-	-
System	$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	$2.74M	$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	-	-	-	-
Products and Services	-	-	-	-	-	-	-	-	$14.35M	$15.39M	-	-	-	-	-	-	-	-	-	-
A R T A S Systems	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$585.00K

Venus Concept's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: System (59.29%), Product (18.26%), Leases (17.88%), and Service (4.56%).

Venus Concept Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Non-US	$32.90M	$47.40M	$52.10M	-	-
UNITED STATES	$43.45M	$52.10M	$53.52M	$33.99M	$47.72M

Venus Concept's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (56.91%), and Non-US (43.09%).

Quarterly Revenue by Country

Country	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	Mar 19
Non-US	$6.46M	$7.30M	$8.40M	$6.34M	$6.45M	$10.32M	$9.79M	$10.50M	$13.28M	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	$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	$3.18M	-
System	-	-	-	-	-	-	$11.06M	-	-	-	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	-	-	$758.00K	-	-	-	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	$2.95M	-	-	-	-	-	-	-	-	-	-	-	-	-
Leases	-	-	-	-	-	-	$5.76M	-	-	-	-	-	-	-	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	$12.96M	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$196.00K	$407.00K	$688.00K
Europe And Middle East	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.38M	$322.00K	$1.11M
Rest Of World	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$324.00K	$177.00K	$408.00K

Venus Concept's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (56.96%), and Non-US (43.04%).

Venus Concept Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
INGN	Inogen	$315.66M	$88.83M
ANIK	Anika Therapeutics	$166.66M	$38.75M
ESTA	Establishment Labs	$165.15M	$40.23M
AXGN	AxoGen	$159.01M	$48.64M
SRDX	Surmodics	$126.08M	$30.34M
SGHT	Sight Sciences	$81.06M	$20.16M
VERO	Venus Concept	$76.35M	$9.92M
NPCE	NeuroPace	$65.42M	$21.06M
IRIX	IRIDEX	$51.87M	$11.58M
LNSR	LENSAR	$42.16M	$13.54M
CVRX	CVRx	$39.30M	$13.37M
SSKN	STRATA Skin Sciences	$33.36M	$8.44M
HSCS	Heart Test Laboratories	$18.60M	-
AXDX	Accelerate Diagnostics	$12.06M	$2.98M
NUWE	Nuwellis	$8.86M	$2.37M
AIMD	Ainos	$122.11K	-
OFIX	Orthofix Medical	$100.00K	$198.62M
BJDX	Bluejay Diagnostics	-	-
BBLG	Bone Biologics	-	-

VERO Revenue FAQ

What is Venus Concept’s yearly revenue?

Venus Concept's yearly revenue for 2023 was $76.35M, representing a decrease of -23.26% compared to 2022. The company's yearly revenue for 2022 was $99.5M, representing a decrease of -5.80% compared to 2021. VERO's yearly revenue for 2021 was $105.62M, representing an increase of 35.39% compared to 2020.

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 (2021-2023) was -27.71%, and for the last 5 years (2019-2023) was -30.84%.

What are Venus Concept’s revenue streams?

Venus Concept's revenue streams in c 23 are Service, System, Leases, and Product. Service generated $3.41M in revenue, accounting 4.47% of the company's total revenue, up 13.46% year-over-year. System generated $41.87M in revenue, accounting 54.84% of the company's total revenue, down -12.59% year-over-year. Leases generated $20.5M in revenue, accounting 26.85% of the company's total revenue, down -41.86% year-over-year. Product generated $10.56M in revenue, accounting 13.83% of the company's total revenue, down -20.67% year-over-year.

What is Venus Concept’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Venus Concept was System. This segment made a revenue of $41.87M, representing 54.84% of the company's total revenue.