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Biotech / Medical : Cutera
CUTR 1.555-6.9%3:59 PM EDT

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From: Harshu Vyas5/3/2024 10:59:32 AM
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CUTR - up over 75% in the last month. I sold on their last earnings and am waiting for their cash flows to stabilise. Q1 and Q2 will be rough, though it may already be priced in - management have to fulfil massive inventory obligations that will soak up precious cash. What I'm really looking for is an insider buy in the next two qtrs.

I think refinancing the convertibles is actually more easy than it may seem - especially if they can make a profit. I think they should be able to settle the $70m in cash in 2026. It's still a long way away and my understanding is the core business will stabilise this year.
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