Venus Concept (VERO) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$76.35M-23.26%
2022-12-31$99.50M-5.80%
2021-12-31$105.62M35.39%
2020-12-31$78.01M-29.34%
2019-12-31$110.41M402.85%
2018-12-31$21.96M3.09%
2017-12-31$21.30M36.52%
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

DateRevenueChange
2024-06-30$11.85M-32.21%
2024-03-31$17.48M-3.60%
2023-12-31$18.13M2.93%
2023-09-30$17.62M-12.25%
2023-06-30$20.07M-2.22%
2023-03-31$20.53M-15.46%
2022-12-31$24.29M12.75%
2022-09-30$21.54M-21.00%
2022-06-30$27.27M3.26%
2022-03-31$26.41M-19.08%
2021-12-31$32.63M32.86%
2021-09-30$24.56M-4.90%
2021-06-30$25.83M14.30%
2021-03-31$22.60M-12.52%
2020-12-31$25.83M24.90%
2020-09-30$20.68M21.68%
2020-06-30$17.00M17.15%
2020-03-31$14.51M-54.45%
2019-12-31$31.85M863.23%
2019-09-30$3.31M12.83%
2019-06-30$2.93M-45.66%
2019-03-31$5.39M-18.98%
2018-12-31$6.66M38.19%
2018-09-30$4.82M-12.00%
2018-06-30$5.47M9.39%
2018-03-31$5.00M-14.53%
2017-12-31$5.86M40.20%
2017-09-30$4.18M-27.85%
2017-06-30$5.79M5.74%
2017-03-31$5.47M5.74%
2016-12-31$5.18M40.86%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceJun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Sep 19Jun 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

CountryDec 23Dec 22Dec 21Dec 20Dec 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

CountryJun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
INGNInogen$315.66M$88.77M
ANIKAnika Therapeutics$166.66M$41.92M
ESTAEstablishment Labs$165.15M$44.12M
AXGNAxoGen$159.01M$47.91M
SRDXSurmodics$132.58M$30.34M
SGHTSight Sciences$81.06M$21.37M
VEROVenus Concept$76.35M$11.85M
VAPOVapotherm$68.67M$16.88M
NPCENeuroPace$65.42M$18.12M
IRIXIRIDEX$51.87M$12.63M
AZYOElutia$49.19M$6.13M
LNSRLENSAR$42.16M$10.59M
CVRXCVRx$39.30M$13.37M
SSKNSTRATA Skin Sciences$33.36M$8.44M
HSCSHeart Test Laboratories$18.60M-
AXDXAccelerate Diagnostics$12.06M$2.99M
NUWENuwellis$8.86M$2.19M
AIMDAinos$122.11K-
OFIXOrthofix Medical$100.00K$198.62M
BJDXBluejay Diagnostics--
BBLGBone Biologics--

VERO Revenue FAQ


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.

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).

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%.

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.

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.