This company is no longer publicly traded

Delisted / no longer publicly traded (per market data provider) Any Winston Score and financials shown below are based on the last available data and should be treated as historical — they are no longer updated.

Delisted: April 7, 2026

Venus Concept

VERO

Medical - Devices · Healthcare

Price

$0.31

+0.01 (+2.64%)

Market Cap

$578,187

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−71.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.4M (2020) → 709K (2024)

Venus Concept makes medical devices used by doctors and clinics to improve how skin looks and feels. Its machines perform treatments like hair removal, skin tightening, body contouring, and scar reduction without surgery. The company sells to dermatologists, plastic surgeons, and medical spas around the world.

Venus Concept makes money by selling its devices outright and through a subscription model where clinics pay monthly fees to use the equipment. It operates in North America, Europe, Asia-Pacific, and other international markets, and its subscription approach helps create recurring revenue, which is somewhat unusual in the medical device industry. However, the company is currently losing a significant amount of money relative to its revenue, with deeply negative operating margins, and its main challenge is reaching profitability while competing against larger, better-funded medical aesthetics companies like Cutera and InMode.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-8.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-848.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$7M/ year

↓ Declining (-18% vs prior year)

10.3% of revenue

Below sector average (18%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

12.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~4 months

$6M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Venus Concept has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

64.0%

Premium pricing power — 64.0% gross margin

Operating Margin

-68.9%

Losing money on operations — -68.9%

ROCE

-27.9%

Weak — -27.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-12.4%

Shrinking sales (-12.4% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-35.2%

Burning cash (-35.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

11.72

Heavy debt load (11.72)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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