After the firm announced its forthcoming financial results for the first quarter of fiscal year 2025, shares of Venus Concept Inc. (NASDAQ: VERO) are seeing a big rise today, rising 22.36% to $3.041.
Date of Financial Results Release
Venus Concept said that on Thursday, May 15, 2025, before the market opens, its financial results for the first quarter of fiscal year 2025 will be released. At 8:00 a.m. Eastern Time on the same day as this release, the management team of the firm will have a conference call to go over the findings and conduct a Q&A session with analysts and stakeholders.
Using Strategic Equity to Improve Financial Position
This month, Venus Concept made a significant move to strengthen its financial stability by exchanging $11.0 million in subordinated convertible notes owned by Madryn Asset Management, LP affiliates. 379,311 shares of the company’s Series Y preferred stock were issued in exchange. This move is part of VERO’s broader capital structure optimization strategy, which shows the company’s commitment to debt reduction and posture for long-term, sustainable growth.
Reduction in Debt Obligations
Venus Concept’s total debt after the transaction was around $35.5 million, 54% less than the $76.7 million it owed on March 31, 2024. This is a notable 11% drop from the $39.7 million reported at the end of December 2024. The debt reduction provides VERO with greater financial freedom as it continues its operational transformation and works toward its long-term objectives.
Collaboration with Madryn Asset Management
Venus Concept stressed that Madryn Asset Management’s ongoing assistance and collaboration were essential to the transaction’s success. As VERO embarked on its next stage of innovation and growth with a new product roadmap, Madryn’s assistance not only made the debt conversion easier but also enhanced the company’s balance sheet.
