Cutera Inc (CUTR) Exchange: NASDAQ

Cutera Inc (CUTR) is a NASDAQ listed medical device company that specializes in designing, manufacturing and marketing energy-based medical aesthetic systems and products. Founded in 1998, CUTR has developed a strong presence in the US aesthetic laser and energy-based device market and have diversified their portfolio over more than twenty years. Initially focusing on the design and manufacture of lasers and automated light-based systems for hair removal, Cutera expanded their product line to include a range of aesthetic devices that target a variety of skin-related concerns. Their product portfolio now includes systems used to remove hair, treat wrinkles and reverse the signs of aging, reduce the appearance of scarring, remove pigmented and vascular lesions and improve skin tone and texture. Over the years the company has seen strong growth throughout the aesthetic laser and energy-based devices industry, with revenue of $133.2 million in 2019 compared to $86.7 million in 2014 – representing a 53% increase in revenue over five years. At the same time, CUTR has seen an increase in their deployable base, a measure of the number of systems in active use, with an estimated 3,260 units in 2019 compared to 2,035 in 2014 – representing a 61% growth. The company has also grown their international presence and now serves more than 80 countries worldwide.