overview update of Cutera can you, with call. take to through and quarter third Greg. that quarter operational financial decrease the XX% XXXX to results business and stronger XXXX for Revenue a then third Cutera's an $XX.X quarter performance. I'll million, compared was return of welcome Thank to our and begin you quarter actions of financial third the Good third the Revenue the systems recurring of as our from macroeconomic assumed of revenue company-specific equipment faced operational declined heavier performance challenges related previous had had the and to revenue XXXX. internally core anticipated. X%. our where we below business of This capital while impact what capital we of came sources guidance. XX%, from declined than and was shortfall Most projected we pressures part afternoon,
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of involves business. priority final and third our Our management the core
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of additional we zero-based bottoms-up to on belt-tightening the personnel-related of a for expected in XXXX coming the month of are And During to process of million on $XX savings budget that activities the November. close process. headcount and XX%, nonpersonnel by an annualized over basis. fourth end program the restructuring quarter, going during reduce cost goods through out We're planning resulting is of operating expenses
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