Cutera (CUTR -22.2%) gets hammered today after reporting a Q1 loss that fell wide of the mark...

|By:, SA News Editor

Cutera (CUTR -22.2%) gets hammered today after reporting a Q1 loss that fell wide of the mark late yesterday. Revenue grew by just 2% Y/Y to $16M, in what is historically the seasonally lowest quarter of the year. Gross margin was 54%, compared to 50% in the prior year period, due primarily to the elimination of non-recurring acquisition start-up expenses associated with its purchase of Iridex.