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Cynosure Reports Financial Results for the First Quarter of 2009
Date:5/5/2009

two months of the first quarter were very slow; however, we were pleased that March order volume picked up slightly. We have continued to reduce expenses in response to our lower revenue levels."

As Cynosure announced last month, in addition to steps it took in the fourth quarter of 2008 the company implemented a number of first quarter cost-cutting measures designed to generate an annualized operating expense savings of between $14 million and $18 million in 2009 compared with 2008 levels. Among these steps, Cynosure reduced its worldwide headcount to 271 employees from 285 at the end of 2008 and further cut planned spending for various programs.

"Although we have moved aggressively to lower costs, we also have focused on retaining the people, technology assets and R&D innovations that we believe are crucial to the long-term success of our company," Davin said. "Our experienced direct sales force, outstanding product portfolio and unique intelligent-delivery systems have helped to establish Cynosure as a leader in the aesthetic industry, and remain vital to our organization as we go forward."

Recent Highlights

  • Physician researchers at the 2009 American Society for Laser Medicine and Surgery Annual Conference presented positive efficacy data from post-marketing studies of Cynosure's Smartlipo MPX(TM) laser lipolysis workstation. The studies demonstrated the ability of the Smartlipo MPX to tighten skin and shrink skin tissue more efficaciously than skin treated with liposuction alone.

  • At the American Academy of Dermatology's 67th Annual Meeting, Cynosure launched the multi-wavelength Elite MPX workstation for vascular treatment, hair removal and skin rejuvenation. The company also introduced two new intelligent delivery systems, SmartSense with ThermaGuide and ThermaView. As the world's fi
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SOURCE Cynosure, Inc.
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1. Cynosure Announces Preliminary Financial Results for the First Quarter of 2009
2. CoolTouch Inc. Settles Diomed Lawsuit, Files Re-examination Request for Cynosure 873 Patent
3. Cynosure Obtains Favorable Markman Rulings in Patent Infringement Case Against CoolTouch
4. Cynosure Appoints William T. Kelley as Senior Vice President of International Sales
5. Cynosure Reports Financial Results for the Fourth Quarter and Full Year 2008
6. Cynosure to Announce Fourth-quarter and Full-year 2008 Financial Results on February 10
7. Cynosure Provides Preliminary Financial Results for the Fourth Quarter of 2008
8. Cynosure Reports 21% Revenue Growth for the Third Quarter of 2008
9. Cynosure to Announce Second-Quarter 2008 Financial Results on July 29
10. Cynosure President and CEO Michael Davin Named Ernst & Young Entrepreneur of the Year(R) 2008 Award Winner in New England
11. Cynosure Expands Presence in China with the Opening of Sales Office in Beijing
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