Shares of the leading provider of laser and other energy-based aesthetic systems for practitioners worldwide, Cutera Inc. (CUTR) climbed 16.66% to $60.42 in after-hours trading. CUTR stock closed at $51.79 the last session, dropping -3.29 percent or -1.76 dollars. The price of CUTR stock fluctuated throughout the day between $50.88 and $53.55. In the session, 0.25 million shares of CUTR stock were traded, exceeding the company’s 50-day daily volume of 0.21 million and exceeding its Year-to-date volume of 0.22 million. CUTR stock has declined 267.30% over the past 12 months, and in the last seven days, it has gained 3.02%. CUTR stock has increased by 91.39% over the last six months and 75.50% over the last three months. Since the beginning of the year, CUTR has returned 114.81%. After the release of the company’s financials, the CUTR stock is surging.

Is CUTR stock doing well?

Cutting-edge aesthetic systems are available worldwide through Cutera, a company based in Brisbane, California. CUTR has been developing innovative, easy-to-use products promoting safe and effective aesthetic treatments for physicians and other qualified practitioners since 1998.

Today, Cutera released financial results for the second quarter of 2021.

Fiscal Q2 2021 highlights:

• A very strong performance has been recorded by CUTR across all business segments, with revenue growth in both the capital equipment and recurring revenue segments.
• CUTR generated revenue of $56.6 million, an increase of 122% from the prior-year period.
• The capital equipment revenue of CUTR for the latest period was $35.6 million, an increase of 129% compared to the previous year.
• CUTR’s recurring revenues increased 113% to $23.0 million from the prior year.
• A revenue increase of 147% over the prior-year period was achieved by CUTR’s Skin Care division.
• Revenue from CUTR’s Consumable Products reached $4.4 million, an increase of 211% compared to the previous year.
• Service revenues generated by CUTR increased 47% over the prior-year period to $6.8 million.
• In the quarter, CUTR’s Gross Margin improved by 13.6 points over last year, reaching 57.7%.
• As a result of CUTR’s increased leverage of manufacturing volumes over a reduced fixed overhead expense base, margin expansion was a natural outcome.
• In the period, CUTR’s adjusted EBITDA was $6.8 million compared to ($3.5) million in the prior-year period, an improvement of $10.3 million over FY2020.

With the organization’s focus on improving trends in end markets and its efficiency initiatives, CUTR achieved robust financial performance across the board.

CUTR’s 2021 Outlook:

A better view of second quarter revenue and stronger volumes throughout the first half of the year led Cutera (CUTR) to issue full-year revenue guidance for 2021. As of 2021, CUTR expects revenues in the range of $215 million to $221 million, a 46% to 50% increase over 2020 and 18% to 22% increase over pre-COVID 2019 figures.