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Palomar Medical Reports Financial Results for Fourth Quarter and Fiscal Year 2008
Date:2/5/2009

3,339,759 24,885,695 General and Administrative 3,231,927 5,839,838 20,516,522 17,495,400 Total costs and Expenses 18,158,271 24,112,407 90,974,861 97,647,412 (Loss) income from operations (937,852) 4,040,622 (3,393,761) 26,171,231 Interest income 594,268 1,597,468 3,652,324 6,398,805 Other (expense) income (255,641) (11,642) (316,805) 513,142 (Loss) income before income taxes (599,225) 5,626,448 (58,242) 33,083,178 (Benefit) provision for income taxes (179,109) 2,141,959 9,923 12,575,516 Net (loss) income $(420,116) $3,484,489 $(68,165) $20,507,662 Net (loss) income per share: Basic $(0.02) $0.19 $0.00 $1.12 Diluted $(0.02) $0.18 $0.00 $1.07 Weighted average number of shares outstanding: Basic 18,087,847 18,295,748 18,160,700 18,277,324 Diluted 18,087,847 18,960,555 18,160,700 19,254,023 Non-GAAP data: (Loss) income before income taxes $(599,225) $5,626,448 $(58,242) $33,083,178 Royalty revenues: Back-owed royalty - - (682,380) (3,105,710) Other revenues: Trade dress infringement fees - - (247,625) (894,189) Cost of product revenues: Royalty adjustment (1,493,394) (662,636) Cost of royalty revenues: Back-owed royalty - - 272,952 1,242,284 General and administrative: Royalty settlement legal reimbursement - - - (227,355)
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SOURCE Palomar Medical Technologies, Inc.
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