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     561  0 Kommentare Venus Concept Announces Financial Results for the Second Quarter and First Six Months of 2019 and FDA 510(k) Clearance of Venus Bliss

    TORONTO, Aug. 15, 2019 /PRNewswire/ -- Venus Concept Ltd. ("Venus Concept"), a privately-held global medical aesthetic technology leader, provided unaudited financial results for the second quarter and first six months of 2019.

    Combined Company 2019 Revenue Outlook

    On March 15, 2019, Restoration Robotics, Inc. (NASDAQ:HAIR) and Venus Concept announced that they entered into a definitive merger agreement to combine the companies in an all-stock transaction.  Revenue guidance for the combined company continues to be expected in the range of $130-135 million for the twelve months ending December 31, 2019.  Venus Concept is a private company and its shares are not publicly traded.  Venus Concept has not historically reported quarterly financial results and financial information provided for Venus Concept second quarter results is preliminary and subject to change and actual reported results could differ from the results set forth herein. Restoration Robotics has filed an amended proxy statement/prospectus on form S-4, which remains under review with the SEC.  The effectiveness of the Form S-4 proxy statement/prospectus is a condition to the closing of the merger, in addition to the shareholder votes necessary to approve the transaction.

    Venus Concept Financial Results for the Second Quarter and First Six-Months of 2019

    Venus Concept is a privately held global medical aesthetic company.  Venus Concept's revenue for the second quarter of 2019 was $27.8 million, compared to $27.0 million in the prior year period, an increase of 3% year-over-year. Gross margin for the second quarter of 2019 was 72.2%, compared to 78.5% in the prior year period.   

    For the first six months ended June 30, 2019, Venus Concept's revenue was approximately $52.4 million, compared to $48.4 million in the prior year period, an increase of 8.3% year-over-year. Gross margin for the first six months of 2019 was 72.7%, compared to 77.7% in the prior year period.  

    On an audited basis, Venus Concept's revenue was $102.6 million for the twelve months ended December 31, 2018, compared to $89.1 million for the twelve months ended 2017, a 15.2% increase year-over-year. Gross margin for the twelve months ended December 31, 2018 was 77.3%, compared to 76.6% for the twelve months ended 2017. Revenue for the first quarter of 2019 was $24.6 million, compared to $21.4 million in the first quarter of 2018, a 15.1% increase year-over-year. Gross margin for the first quarter 2019 was 73.5%, compared to 76.7% in the first quarter of 2018. 

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    Venus Concept Announces Financial Results for the Second Quarter and First Six Months of 2019 and FDA 510(k) Clearance of Venus Bliss TORONTO, Aug. 15, 2019 /PRNewswire/ - Venus Concept Ltd. ("Venus Concept"), a privately-held global medical aesthetic technology leader, provided unaudited financial results for the second quarter and first six months of 2019. Combined Company 2019 …