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Cynosure Reports 41% Revenue Increase: 10th Consecutive Quarter of Revenue Growth
Date:4/29/2008

13,194 9,262

Research and development 1,812 1,723

General and administrative 3,487 2,295

Total operating expenses 18,493 13,280

Income from operations 5,899 2,875

Interest income, net 801 505

Other income, net 553 56

Income before income taxes 7,253 3,436

Income tax provision 2,383 1,318

Net income $4,870 $2,118

Diluted net income per share $0.38 $0.17

Diluted weighted average shares outstanding 12,768 12,374

Basic net income per share $0.39 $0.19

Basic weighted average shares outstanding 12,471 11,345

Condensed Consolidated Balance Sheet

(In thousands)

March 31, December 31,

2008 2007

(unaudited)

Assets:

Cash, cash equivalents and marketable

securities $61,409 $86,097

Accounts receivable, net 30,906 24,124

Amounts due from related parties 22 8

Inventories 24,720 22,442

Deferred tax asset, current portion 4,568 4,161

Prepaid expenses and other current assets 4,362 4,425

Total current assets 125,987 141,257

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SOURCE Cynosure, Inc.
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