CUTERA, INC. CLASS ACTION ALERT: WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP REMINDS INVESTORS THAT A SECURITIES CLASS ACTION LAWSUIT HAS BEEN FILED IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA AGAINST CUTERA, INC.

LEAD PLAINTIFF DEADLINE IS JULY 24, 2023

NEW YORK, June 10, 2023 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP  ("Wolf  Haldenstein") announces that a federal securities class action lawsuit has been filed in the United States District Court for the  Northern District of California on behalf of those who acquired Cutera, Inc. ("Cutera" or the "Company") (NASDAQ: CUTR) securities during the period from February 17, 2021 through May 9, 2023 (the "Class Period").

All investors who purchased shares and incurred losses are  advised  to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

If you have incurred losses, you may, no later than July 24, 2023, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights.

PLEASE CLICK HERE TO PROVIDE CONTACT INFORMATION

Investors learned the true state of the Company through a series of disclosures beginning on January 9, 2023. On that date, in reporting its preliminary financial results for full-year 2022, Cutera reported that it had failed to meet its revenue guidance for 2022. On this news, the price of Cutera common stock declined $9.41 per share, or more than 23%, to close at $31.04 per share on January 9, 2023.

On February 28, 2023, Cutera filed a Notification of Late Filing with the SEC and reported that it "ha[d] identified and expect[ed] to disclose in the Form 10-K material weaknesses in its internal control over financial reporting related to . . . ineffective inventory count controls."

On March 16, 2023, Cutera announced that it would not meet the extended deadline for filing its 2022 annual report. The Company also revealed that, in addition to the previously identified material weaknesses, Cutera had identified a material weaknesses related to stock-based compensation. On this news, the price of Cutera common stock declined $3.49 per share, or approximately 12.5%, to close at $24.36 per share on March 17, 2023.

On April 10, 2023, both the Chairman and the CEO issued statements in support of their separate demands calling for the Board to remove five of its directors for a failure to develop a succession plan for the CEO. The Chair and CEO asserted that these five directors were attempting to position another
director for the CEO role.

On April 12, 2023, Cutera revealed that it had terminated the Chairman and the
CEO, and further, it formally withdrew its full-year 2023 financial guidance. On this news, the price of Cutera common stock declined $7.63 per share, or more than 28%, to close at $19.44 per share on April 12, 2023.

Finally, on May 9, 2023, Cutera reported disappointing financial results for the first quarter 2023 due to "execution challenges," and further reported the resignation of the CFO. On this news, the price of Cutera common stock declined $6.06 per share over two trading sessions, or 30%, to close at $14.14 per share on May 11, 2023.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at [email protected].

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP