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Cutera Announces Preliminary Financial Results for First Quarter of 2017 and Planned Management Change

BRISBANE, Calif., April 20, 2017 (GLOBE NEWSWIRE) -- Cutera, Inc. (CUTR) (“Cutera” or the “Company”), a leading provider of laser and energy-based aesthetic systems for practitioners worldwide, today announced certain preliminary, unaudited, financial results for the first quarter of 2017. The Company expects revenue will be approximately $29.0 million, which represents growth of approximately 30 percent compared to the first quarter of 2016.

James Reinstein, President and Chief Executive Officer stated, “Cutera delivered excellent topline results in Q1 with accelerating growth trends, which have extended to eleven consecutive quarters of double-digit growth. We achieved the highest Q1 revenue in the history of the company with near record revenue growth in North America and several international markets demonstrating renewed strength. The Cutera team continues to deliver and even exceed on expectations.”

The Company’s growth was driven by multiple product families with the enlighten platform, the tattoo and skin revitalization product, providing the most significant contribution. The higher than expected revenue performance provides the Company confidence to reaffirm that the loss per share is expected to be on the favorable side of the previously...