Palomar Medical Reports Financial Results for Second Qu...(ct of economic conditions challenges in ...),Health

Date:7/30/2009

ct of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2008 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

    Contact:  Kayla Castle
              Investor Relations Manager
              Palomar Medical Technologies, Inc.
              781-993-2411
              ir@palomarmedical.com

    Palomar Financial Summary:
    Consolidated Statements of Operations (Unaudited)


                                 Three Months Ended          Six Months Ended
                                     June 30,                   June 30,
                               2009          2008         2009         2008
                               ----          ----         ----         ----
    Revenues:
     Product revenues      $12,120,856  $19,206,511  $23,594,410  $36,895,304
     Royalty revenues        1,274,593    2,269,561    2,768,017    5,516,584

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SOURCE  Palomar Medical Technologies, Inc.
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