Palomar Medical Reports Financial Results for Second Qu...( Funded product development rev...),Health

Date:7/30/2009

Funded product development revenues 398,467 398,467 829,600 995,037 Other revenues 1,250,000 1,250,000 2,500,000 2,747,625 --------- --------- --------- --------- Total revenues 15,043,916 23,124,539 29,692,027 46,154,550 ---------- ---------- ---------- ---------- Costs and expenses: Cost of product revenues 5,266,733 6,330,668 10,491,404 12,925,000 Cost of royalty revenues 509,838 907,824 1,107,207 2,206,634 Research and development 3,076,501 4,549,960 6,819,968 9,933,607 Selling and marketing 4,732,921 5,647,400 9,401,802 12,425,717 General and administrative 2,241,311 5,095,069 5,114,557 11,331,661 --------- --------- --------- ---------- Total costs and expenses 15,827,304 22,530,921 32,934,938 48,822,619 ---------- ---------- ---------- ---------- (Loss) income from operations (783,388) 593,618 (3,242,911) (2,668,069) Interest income 140,447 833,494 333,648 2,249,034 Other income 376,754 227 349,820 18,244 ---------- ---------- ---------- ---------- (Loss) income before Income taxes (266,187) 1,427,339 (2,559,443) (400,791) (Benefit from) provision for income taxes (22,265) 667,222 (901,071) (156,268) Net (loss) income $(243,922) $760,117 $(1,658,372) $(244,523) ========= ======== =========== ========= Net (loss) income per share: Basic $(0.01)
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SOURCE Palomar Medical Technologies, Inc. Copyright©2009 PR Newswire. All rights reserved

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