Venus Concept (VERO) Revenue & Revenue Breakdown
Venus Concept Revenue Highlights
Latest Revenue (Y)
$76.35M
Latest Revenue (Q)
$11.85M
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 |
|---|---|---|
| 2024-06-30 | $11.85M | -32.21% |
| 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 $11.85M in revenue during Q2 2024, up -32.21% compared to the previous quarter, and up 57.71% 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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Leases | $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 | $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 | $8.59M | $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 | $2.65M | $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 | $552.00K |
Venus Concept's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: System (51.79%), Leases (27.24%), Product (15.96%), and Service (5.01%).
Venus Concept Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $43.45M | $52.10M | $53.52M | $33.99M | $47.72M |
| Non-US | $32.90M | $47.40M | $52.10M | - | - |
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 | 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 | Dec 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $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 | $4.42M | - |
| Non-US | $7.30M | $8.40M | $6.34M | $6.45M | $10.32M | $9.79M | $10.50M | $13.28M | - | - | - | - | - | - | - | - | - | - | - | - |
| Leases | - | - | - | - | - | $5.76M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| System | - | - | - | - | - | $11.06M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Service | - | - | - | - | - | $758.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Product | - | - | - | - | - | $2.95M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| U S | - | - | - | - | - | - | - | - | - | $12.96M | - | - | - | - | - | - | - | - | - | - |
| Rest Of World | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $324.00K | $177.00K | $408.00K | $263.00K |
| Europe And Middle East | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.38M | $322.00K | $1.11M | - |
| Asia Pacific | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $196.00K | $407.00K | $688.00K | $794.00K |
| E M E A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.18M |
Venus Concept's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (55.96%), and Non-US (44.04%).
Venus Concept Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| INGN | Inogen | $315.66M | $88.77M |
| ANIK | Anika Therapeutics | $166.66M | $41.92M |
| ESTA | Establishment Labs | $165.15M | $44.12M |
| AXGN | AxoGen | $159.01M | $47.91M |
| SRDX | Surmodics | $132.58M | $30.34M |
| SGHT | Sight Sciences | $81.06M | $21.37M |
| VERO | Venus Concept | $76.35M | $11.85M |
| VAPO | Vapotherm | $68.67M | $16.88M |
| NPCE | NeuroPace | $65.42M | $18.12M |
| IRIX | IRIDEX | $51.87M | $12.63M |
| AZYO | Elutia | $49.19M | $6.13M |
| LNSR | LENSAR | $42.16M | $10.59M |
| CVRX | CVRx | $39.30M | $11.81M |
| SSKN | STRATA Skin Sciences | $33.36M | $8.44M |
| HSCS | Heart Test Laboratories | $18.60M | - |
| AXDX | Accelerate Diagnostics | $12.06M | $2.99M |
| NUWE | Nuwellis | $8.86M | $2.19M |
| TLIS | Talis Biomedical | $412.00K | - |
| 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 Q2 2024 was $11.85M, a -32.21% decrease from the previous quarter (Q1 2024), and a -40.98% decrease year-over-year (Q2 2023). The company'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). VERO's quarterly revenue for Q4 2023 was $18.13M, a 2.93% increase from the previous quarter (Q3 2023), and a -25.34% decrease year-over-year (Q4 2022).
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.