Strata Skin Sciences, INC 8-K filings
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8-K: STRATA Skin Sciences Reports Mixed Fourth Quarter and Full-Year 2023 Results Amid Strategic Shift
STRATA Skin Sciences announced its fourth quarter and full-year 2023 financial results, highlighting a strategic shift towards recurring revenue and the launch of a new acne treatment device, while also reporting a net loss.
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STRATA Skin Sciences successfully amended its credit agreement with MidCap Financial, removing 2023 minimum revenue requirements and introducing new financial covenants to improve liquidity and align with future business operations.
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STRATA Skin Sciences has amended its credit agreement with MidCap Financial Trust, obtaining a waiver for a prior revenue covenant breach and adjusting future financial targets.