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Cynosure Reports 41% Revenue Increase: 10th Consecutive Quarter of Revenue Growth

enue rose 43% in the first quarter of 2008 from the same period last year, reflecting demand for our Smartlipo LaserBodySculpting and Affirm Anti-Aging workstations as well as our Elite Aesthetic workstation for hair removal. Average selling prices remained strong and we continued to achieve manufacturing efficiencies. As a result, our first-quarter gross margin improved 430 basis points to a record 66.3% and we more than doubled our net income over the prior-year period."

"We achieved a number of financial milestones in the first quarter of 2008, including our 10th consecutive quarter of revenue growth, our sixth consecutive quarter of profitability and our fifth consecutive quarter of positive cash flow from operations," Davin said. "Even in a challenging macroeconomic environment, we have delivered outstanding results based on our unwavering commitment to having the best technology, products and distribution in the industry. Looking ahead, we believe our customers remain positive about their purchasing intentions and consumer sentiment."

Recent Highlights

-- Cynosure introduced Smartlipo MPX(TM) (MultiPlex), the first

FDA-cleared dual-wavelength system for laser lipolysis. The new

workstation incorporates both a 1064-nm and a 1320-nm wavelength to

remove unwanted pockets of fat and tighten the surrounding tissue with

optimal results. The company plans to introduce Smartlipo MPX in the

United States beginning in the second quarter of 2008 and

internationally in the second half of this year.

-- The company's aesthetic laser technology was featured in five

presentations by some of the industry's leading experts at the 28th

American Society for Laser Medicine and Surgery (ASLMS) Annual

Conference. The data presented at ASLMS provided further support for

the clinical benefits of Cynosure's technology for some of the

aesthetic industry's

SOURCE Cynosure, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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