Cutera, Inc. (NASDAQ: CUTR)

Gabelli Research Analyst Jennie Tsai discusses Cutera, Inc.

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Transcript:• I’m Jennie Tsai, medical device analyst at Gabelli & Company and today, I want to talk about Cutera.

Cutera is a manufacturer and distributor of laser and energy based systems for cosmetic dermatology applications such as skin rejuvenation, hair removal, tattoo removal, body sculpting and pigmented lesions.

About half of Americans are considering aesthetic treatments to look better. Additionally, 45 million Americans have tattoos, and 11% regret them, creating a large tattoo removal market.

This market demand coupled with a new CEO and a renewed focus are catalysts for the company and, we expect management to drive sales and earnings growth over the next five years.

First, management expects to develop and launch new “best-in-class” laser systems with first mover advantages

Second, new leadership changes in several international regions are expected to drive international growth.

Lastly, with recent consolidation among laser dermatology companies, management is evaluating opportunities to drive sustainable growth

Although Cutera’s stock price has risen by more than 100% in the past 12 months, we expect its stock price will continue to outperform and we recommend purchase. Our Private Market Value for Cutera is $29 in 2017, growing to $52 in 2021.

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