Profile: Cutera Inc (CUTR.OQ)

CUTR.OQ on NASDAQ Stock Exchange Global Select Market

10.12USD
2 Aug 2013
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Cutera, Inc., incorporated in August 1998, is a global medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and light-based aesthetics systems for practitioners worldwide. The Company offers products based on six platforms, which include CoolGlide, Xeo, Solera, GenesisPlus, Excel V, and myQ. Each of the Company's laser and light-based platforms consists of one or more hand pieces and a console that incorporates a graphic user interface, a laser or light-based module, control system software and high voltage electronics. In addition to systems and upgrades, the Company generates revenue from the sale of post warranty services, Titan hand piece refills, and Dermal filler and cosmeceuticals. The Company's CoolGlide, Xeo, Solera, GenesisPlus, Excel V and myQ platforms provide the benefits of laser and light-based aesthetic treatments. On February 2, 2012, the Company completed its acquisition of certain assets of IRIDEX Corporation’s (IRIDEX) global aesthetic business.

CoolGlide platform offers laser applications for hair removal, treatment of a range of vascular lesions, including leg and facial veins, and Laser Genesis. The Xeo is a platform, on which a customer can use the applications that the Company offers, which include remove unwanted hair, treat vascular lesions and rejuvenate the skin by treating discoloration, improving textures, reducing pore size and treating fine lines and laxity. Solera platform is a tabletop system designed to support a single technology platform. Solera systems use either infrared (Solera Titan) or pulsed light (Solera Opus) and can be used to remove unwanted hair, treat vascular lesions and rejuvenate the skin. GenesisPlus platform is a laser based system for performing skin rejuvenation procedures and for onychomycosis, or toenail fungus.

This system has a hand piece that includes real time temperature monitoring of the treatment area, as well as a non-contact distance gauge using two aiming beams, for improving the clinical result of treatment. In addition, this system can be used to treat patients with skin concerns, such as wrinkles, diffuse redness, rosacea, skin texture and pore size. In October 2011, the Company announced a distribution agreement with Quanta System SpA to market and sell the myQ series of Q-switched lasers in Japan. Q-switched lasers are designed to be used in a range of aesthetic applications, including superficial and deep pigmented lesions, skin rejuvenation, laser skin toning and tattoo removal. The Company's control console includes a graphic user interface, control system software and high voltage electronics. All CoolGlide systems, GenesisPlus, Excel V and some models of the Xeo platform, include the Company's laser module, which consists of electronics, a visible aiming beam, a focusing lens, and a neodymium yttrium aluminum garnet (Nd:YAG) and/or flashlamp laser that functions at wavelengths. The Company's high voltage electronics produce over 10,000 watts of laser energy.

The Company's Solera console platform comes in two configurations: Opus and Titan, both of which include a graphic user interface, control system software and high voltage electronics. The Solera Opus console is designed specifically to drive the Company's flashlamp hand pieces while the Solera Titan console is designed specifically to drive the Titan hand pieces. The Company's 1064 nanometer Nd:YAG hand piece delivers laser energy to the treatment area for hair removal, leg and facial vein treatment, and skin rejuvenation procedures to treat skin texture and fine lines, and reduce pore size. The 1064 nanometer Nd:YAG hand piece consists of an energy-delivery component, which consists of an optical fiber and lens, and a copper cooling plate with imbedded temperature monitoring. The 1064 nanometer Nd:YAG hand piece also incorporates the Company's cooling system, providing integrated pre- and post cooling of the treatment area through a temperature-controlled copper plate. The Excel V system, introduced in February 2011, delivers 1064 nanometer and 532 nanometer laser energy to the treatment area for vascular treatments.

The Excel V system includes two hand pieces, both consists of an energy-delivery component, which consists of an optical fiber and lens. One hand piece includes a sapphire window cooling plate with temperature monitoring. The second hand piece does not have a cooling plate and includes a non-contact temperature sensor to monitor the treatment area temperature. In addition, this second hand piece includes two aiming beams that facilitate consistent treatments by maintaining the correct distance of the hand piece to the skin. The Company's GenesisPlus delivers 1064 nanometer laser energy to the treatment area for toenail fungus and for skin rejuvenation procedures to treat skin texture and lines, and reduce pore size. This 1064 nanometer Nd:YAG hand piece consists of an energy-delivery component, consisting of an optical fiber and lens. The hand piece does include a non-contact temperature sensor to monitor the treatment area temperature.

The LP560, ProWave 770, AcuTip 500 and LimeLight hand pieces are designed to produce a pulse of light over a wavelength spectrum to treat discoloration, including pigmented lesions, such as age and sun spots, hair removal and superficial facial vessels. The Company's power control includes a monitoring system to ensure that the desired energy level is delivered. These hand pieces are available on the Xeo and Solera platforms. The Titan hand pieces are designed to produce a sustained pulse of light over a wavelength spectrum tailored to provide heating in the dermis to treat skin laxity. The hand piece consists of a custom light source, wavelength filter, closed-loop power control, sapphire cooling window and embedded temperature monitor, and weighs approximately three pounds. The Company offers two different Titan hand pieces:Titan V and Titan XL. The Titan hand pieces can be used on the Xeo and Solera platforms. The Titan hand piece requires a periodic refilling process, which includes the replacement of the optical source, after a set number of pulses have been used.

The Pearl hand piece is designed to treat lines, uneven texture and dyschromia through the application of yttrium scandium gallium garnet (YSGG) laser technology. The Pearl hand piece consists of a custom monolithic laser source, scanner and power monitoring electronics. The scanner includes multiple scan patterns. The hand piece includes an attachment for a smoke evacuator, allowing the practitioner to use one hand during treatment. The Pearl Fractional hand piece also uses YSGG technology and is designed to treat wrinkles and deep dermal imperfections. The Pearl Fractional hand piece consists of a custom monolithic laser source, scanner and power monitoring electronics. The hand piece includes an attachment for a smoke evacuator, allowing the practitioner to use one hand during treatment.

The Company offers post-warranty services to its customers either through extended service contracts, which covers preventive maintenance and/or replacement parts and labor, as well as direct billing for detachable hand piece replacements, parts and labor. Each Titan hand piece is a refillable product. The Company distributes Merz's Radiesse dermal filler product and Obagi Medical Product, Inc.'s (or Obagi) prescription-based, topical skin health systems (or Cosmeceuticals) to physicians in the Japanese market.

The Company competes with Cynosure, Elen, Iridex, Palomar, Solta, Syneron, Alma, Lumenis and Sciton.

Company Address

Cutera Inc

3240 Bayshore Boulevard
BRISBANE   CA   94005
P: +1415.6575500
F: +1415.3302444

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