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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Venus Concept
Venus Concept (VERO) investor relations material
Venus Concept has been delisted
Venus Concept Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Q3 2025 revenue was $13.8 million, down 8% year-over-year, mainly due to softness in the hair restoration business and a delayed sale.
EBD sales grew 2% year-over-year to $9.5 million, showing stabilization despite a challenging environment.
Net loss for Q3 2025 widened to $22.6 million, compared to $9.3 million in Q3 2024.
Launched Venus Nova, a next-generation multi-application platform, with FDA 510(k) clearance and a limited commercial launch planned for December.
Progressed on the pending $20 million sale of the Venus Hair Business to MHG Coal Limited, though faced delays and legal challenges in closing.
Financial highlights
Gross profit for Q3 2025 was $8.8 million, down 11% year-over-year; gross margin declined to 64% from 66.1%.
Operating loss increased to $9.5 million from $7.2 million; adjusted EBITDA loss was $7.8 million, compared to $5.9 million in Q3 2024.
Operating expenses for Q3 2025 rose 7% to $18.3 million, driven by higher selling, marketing, and G&A costs.
Cash and cash equivalents were $5.9 million as of September 30, 2025; total debt obligations were $30.1 million, down from $39.7 million at year-end 2024.
198 systems were delivered in Q3 2025, down from 253 in Q3 2024.
Outlook and guidance
Management targets sequential revenue growth in Q4, supported by the limited commercial launch of Venus Nova.
No full-year 2025 financial guidance provided due to ongoing strategic reviews, lender discussions, and market uncertainties.
Management expects continued revenue pressure from tight credit markets, high interest rates, and global economic uncertainty.
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Latest events from Venus Concept
- Shelf registration enables up to $30.4M in securities sales for global medical technology expansion.VERO
Registration Filing - Shareholders to vote on director elections, auditor ratification, and key share issuance proposals.VEROProxy Filing
- Shareholders to vote on director elections, auditor ratification, and major share issuances.VEROProxy Filing
- Vote sought on a reverse stock split to maintain Nasdaq listing and avoid delisting risk.VEROProxy Filing
- Vote sought to authorize a reverse stock split to maintain Nasdaq listing and enhance share value.VEROProxy Filing
- Approval sought for share issuance tied to convertible notes after major debt restructuring.VEROProxy Filing
- Amended registration statement for a public offering, with auditor consent and executive sign-off.VERORegistration Filing
- Q3 2024 revenue fell 15% year-over-year as debt was cut by 54% and losses persisted.VEROQ3 2024
- Revenue down 17% year-over-year, but debt reduced and margin improved amid ongoing risks.VEROQ2 2024
- Revenue fell 13% in Q4 and 15% for FY24; debt cut by 47% and Q1 2025 revenue to exceed $14M.VEROQ4 2024
Venus Concept
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Frequently asked questions
Venus Concept Inc. develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic technologies worldwide. It develops Venus Versa platform that provides nonsurgical body contouring applications, such as skin tightening and cooling, hair removal, fat reduction, wrinkle reduction, photo rejuvenation, skin resurfacing, cellulite improvement, temporary skin blanching for laser tattoo removal procedures, acne treatment, radio frequency microneedling treatments for collagen induction therapy, and stretch mark reduction; venus legacy platform that provides aesthetic applications to treat the face and neck areas; and venus vela platform used in dermatology practice. The company was founded in 2010 and is headquartered in Toronto, Canada.