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Cynosure Reports Record Revenues and Net Income for the Fourth Quarter of 2007

point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Cynosure's views as of any date subsequent to the date of this press release.

Condensed Consolidated Balance Sheet (Unaudited)

(In thousands)

December 31,

2007 2006


Cash, cash equivalents and marketable securities $86,097 $57,246

Accounts receivable, net 24,124 19,871

Amounts due from related parties 8 335

Inventories 22,442 17,624

Deferred tax asset, current portion 4,161 2,604

Prepaid expenses and other current assets 4,425 4,977

Total current assets 141,257 102,657

Property and equipment, net 7,146 5,662

Other noncurrent assets 1,441 1,247

Total assets $149,844 $109,566

Liabilities and stockholders' equity:

Accounts payable and accrued expenses $20,790 $17,063

Amounts due to related parties 2,311 1,052

Short-term loan -- 167

Deferred revenue 3,939 3,476

Capital lease obligations 485 439

Total current liabilities 27,525 22,197

Capital lease obligations, net of current portion 794 1,069

Deferred revenue, net of current portion 421 311

Other long-term liabilities

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

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