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Cynosure Reports Record Revenues and Net Income for the Fourth Quarter of 2007
Date:2/12/2008

226 119

Total stockholders' equity 120,878 85,870

Total liabilities and stockholders' equity $149,844 $109,566

Consolidated Statements of Income (Unaudited)

(In thousands, except per share data)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

Revenues $36,573 $24,575 $124,315 $78,401

Cost of revenues 12,472 9,905 44,507 32,920

Gross profit 24,101 14,670 79,808 45,481

Operating expenses

Selling and marketing 12,611 8,234 42,058 26,213

Research and development 1,869 1,218 6,827 4,673

General and administrative 2,975 2,757 11,346 8,975

Royalty settlement -- -- -- 10,000

Total operating expenses 17,455 12,209 60,231 49,861

Income (loss) from operations 6,646 2,461 19,577 (4,380)

Interest income, net 754 516 2,516 2,579

Other income, net 255 310 695 931

Income (loss) before income taxes 7,655 3,287 22,788 (870)

Income tax provision (benefit) 2,349 1,753 8,276 (266)

Minority interest in net income of

subsidiary -- 4 -- 46

Net income (loss) $5,306 $1,530 $14,512 $(650)

Diluted net income (loss) per share $0.41 $0.13 $1.15 $(0.06)

Diluted weighted average shares

outstanding 12,806 12,193 12,654 11,084 '/>"/>

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

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