Exhibit 99.1

Revised Fourth Quarter and Full-Year 2023 Non-GAAP Financial Measures

Cutera, Inc. (Nasdaq: CUTR) (“Cutera” or the “Company”) hereby provides an update of its Non-GAAP financial measures for the fourth quarter and full-year ended December 31, 2023.

CUTERA, INC. 

RECONCILIATION OF GAAP GROSS PROFIT, GROSS MARGIN AND OPERATING INCOME
TO NON-GAAP GROSS PROFIT, GROSS MARGIN AND OPERATING INCOME

(in thousands, except percentages)

(unaudited) 

	Three Months Ended December 31, 2023
	Gross Profit		Gross Margin		Operating Income
Reported	$	(12,678)	(25.6)	%	$	(57,519)
Adjustments:
Depreciation and amortization including contract acquisition costs	3,237		6.5	%	5,112
Stock-based compensation	45		0.1	%	1,512
ERP implementation costs	—		—		780
Legal	—		—		864
Severance	337		0.7	%	1,132
Retention plan costs	34		0.1	%	1,029
Expenses related to manufacturing agreement termination	5,724		11.6	%	5,724
Board of Director legal and advisory fees	—		—		1,827
Other adjustments	—		—		227
Total adjustments	9,377		19.0	%	18,207
Adjusted	$	(3,301)	(6.6)	%	$	(39,312)

	Three Months Ended December 31, 2022
	Gross Profit		Gross Margin		Operating Income
Reported	$	38,749	57.5	%	$	(5,536)
Adjustments:
Depreciation and amortization including contract acquisition costs	997		1.5	%	2,479
Stock-based compensation	235		0.3	%	1,379
ERP implementation costs	—		—		1,498
Legal	—		—		222
Severance	—		—		200
Other adjustments	—		—		—
Total adjustments	1,232		1.8	%	5,778
Adjusted	$	39,981	59.3	%	$	242

CUTERA, INC. 

RECONCILIATION OF GAAP GROSS PROFIT, GROSS MARGIN AND OPERATING INCOME
TO NON-GAAP GROSS PROFIT, GROSS MARGIN AND OPERATING INCOME

(in thousands, except percentages)

(unaudited) 

	Twelve Months Ended December 31, 2023
	Gross Profit		Gross Margin		Operating Income
Reported	$	41,494	19.5	%	$	(156,230)
Adjustments:
Depreciation and amortization including contract acquisition costs	9,205		4.3	%	17,422
Stock-based compensation	751		0.4	%	8,064
ERP implementation costs	—		—		3,525
Legal	—		—		2,472
Severance	607		0.3	%	2,023
Retention plan costs	129		0.1	%	5,367
Expenses related to manufacturing agreement termination	5,724		2.7	%	5,724
Board of Director legal and advisory fees	—		—		11,566
Other adjustments	307		0.1	%	1,213
Total adjustments	16,723		7.9	%	57,376
Adjusted	$	58,217	27.4	%	$	(98,854)

	Twelve Months Ended December 31, 2022
	Gross Profit		Gross Margin		Operating Income
Reported	$	139,829	55.4	%	$	(38,190)
Adjustments:
Depreciation and amortization including contract acquisition costs	1,593		0.6	%	5,821
Stock-based compensation	1,665		0.7	%	14,400
ERP implementation costs	—		—		9,210
Legal	—		—		1,284
Severance	26		—	%	615
Other adjustments	(290)		(0.1)	%	(290)
Total adjustments	2,994		1.2	%	31,040
Adjusted	$	142,823	56.6	%	$	(7,150)