Navigation Links
Palomar Medical Reports Financial Results for Third Quarter 2008
Date:10/30/2008

BURLINGTON, Mass., Oct. 30 /PRNewswire-FirstCall/ -- Palomar Medical Technologies, Inc. (Nasdaq: PMTI), a leading researcher and developer of light-based systems for cosmetic treatments, today announced financial results for the third quarter ended September 30, 2008. Revenues for the quarter ended September 30, 2008 were $24.2 million, of which $19.2 million were product revenues, $2.8 million were royalty revenues, $1.0 million were funded development revenues, and $1.25 million were other revenues. Third quarter gross margin from product revenues was 65 percent. Income before taxes for the third quarter ended September 30, 2008 was $0.9 million, which included approximately $3.5 million in litigation expenses and a $1.2 million non-cash FAS 123R stock-based compensation expense.

The Company reported net income of $0.6 million, or $0.03 per diluted share for the third quarter of 2008 versus net income of $5.3 million, or $0.28 per diluted share for the third quarter of 2007. Non-GAAP net income for the quarter ended September 30, 2008, which includes adjustments for the non-cash FAS 123R compensation expense and non-cash taxes, resulted in $2.0 million, or $0.11 per diluted share. Non-GAAP net income for the quarter ended September 30, 2007, which includes adjustments for back-owed royalties and other revenues, cost of royalty revenues, legal expense reimbursement, non-cash FAS 123R compensation expense, interest on back-owed royalties and fees, and non-cash taxes, resulted in $5.2 million, or $0.27 per diluted share. Please refer to the financial statements included in this news release for a reconciliation of GAAP to non-GAAP results for the three and nine months ended September 30, 2008 and 2007.

The Company's balance s
'/>"/>

SOURCE Palomar Medical Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. Palomar Medical Technologies to Host Second Quarter 2008 Financial Results Conference Call and Webcast on July 31, 2008
2. Palomar to Unveil New Laser-Assisted Liposuction Platform at the American Society for Laser Medicine & Surgery
3. Palomar Seeks to License Additional Companies to Home-Use Light-Based Hair Removal Technology
4. Palomar to Debut New Technology at the American Academy of Dermatology Annual Meeting
5. Palomar and Gillette Extend Launch Decision on Home-Use Light Based Hair Removal Device and Agree to Negotiate New Terms
6. Palomar Medical Technologies Third Quarter 2007 Financial Results Conference Call and Webcast
7. China Sky One Medical, Inc. Obtains Production Approval for Two New Drugs
8. Cardo Medical Announces FDA Clearance of the Align 360 Total Knee System
9. Guardian Provides National Access to In-Network Medical Benefits
10. American Medical Association Endorses CAQH CORE Effort to Standardize and Streamline Patient Administrative Data Exchange
11. Oaks Development Group Closes on 2.1 Acres for Medical Office Building in Palm Coast, FL
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/2/2015)... ... ... Chris Harrison of Harrison’s Footwear of Poulsbo announces the launch of his ... “We have a lot of repeat customers, and many of them drive quite a ... given them the convenience of ordering from home.” , Harrison’s Footwear has gained a ...
(Date:9/2/2015)... ... September 02, 2015 , ... Telehealth represents a growing trend among Blue ... the telehealth services of more than 12 Blues plan clients. The September 2015 ... a look this growing trend, interviewing executives at Capital Blue Cross, whose telehealth services ...
(Date:9/2/2015)... ... September 02, 2015 , ... ... safety and efficacy endpoint data collection, cloud analytics and workflow solutions today ... The series enables pharmaceutical researchers to participate in interactive programs in which ...
(Date:9/2/2015)... ... September 02, 2015 , ... ... intermediate or final products. Automating sample handling makes density measurements more efficient and ... each step of the automated workflow and the advantages compared to manual sample ...
(Date:9/2/2015)... ... September 02, 2015 , ... Alameda County ... commemorating “Hunger Action Month” during the entire month of September. In the ... be dedicating its efforts this September to an awareness campaign educating legislators and ...
Breaking Medicine News(10 mins):Health News:Harrison's Comfort Footwear Announces Expansion with New CHarrison Online Store 2Health News:AIS Newsletter Focuses on Growing Telehealth Trend Among Blues Plans 2Health News:AIS Newsletter Focuses on Growing Telehealth Trend Among Blues Plans 3Health News:ERT Announces Web Seminar Series on Optimizing Trial Data Collection & Gaining Real-Time Data Insights 2Health News:ERT Announces Web Seminar Series on Optimizing Trial Data Collection & Gaining Real-Time Data Insights 3Health News:New Video from METTLER TOLEDO Shows the Advantages of Sample Handling Automation in Density Determination 2Health News:New Video from METTLER TOLEDO Shows the Advantages of Sample Handling Automation in Density Determination 3Health News:#IfOnlyYouKnew: Alameda County Community Food Bank Commemorates September as National Hunger Action Month 2Health News:#IfOnlyYouKnew: Alameda County Community Food Bank Commemorates September as National Hunger Action Month 3Health News:#IfOnlyYouKnew: Alameda County Community Food Bank Commemorates September as National Hunger Action Month 4
... DeVry University is establishing a new, unique scholarship program ... of a college degree and gain new skill sets that ... will award up to $9,000 in scholarships to qualified, new ... months. , "Higher education is a vital building block in ...
... Inc., a provider of proton therapy solutions, announced today ... million co-led by Venrock Associates and existing investor Caxton ... Partners. Proceeds from this financing will accelerate the development ... River Systems is committed to advancing the field of ...
... Corporation, pioneer in medical robotics and world leader ... is focused on marketing its ROBODOC(R) Surgical System, ... Standards of Ireland) Certificate of Registration of Quality ... Company has been assessed and deemed to comply ...
... The following was released today by The ... Teri Robert, patient advocate and Migraine expert on ... Our Heads Together" Poetry Contest. The contest, in ... influential pieces of poetry on how Migraine disease ...
... Continued Pandemic Planning Despite Challenging Economic Climate ANNAPOLIS, ... a leading provider of global intelligence and business ... annual report: 2008 Review and Forecast: Avian ... health intelligence team, this report provides an in-depth ...
... Bermuda, March 17 Warner Chilcott Limited (Nasdaq: ... subsidiaries and Mayne Pharma International Pty. Ltd. ("Mayne") have ... Inc. ("Impax") advising that Impax has filed an Abbreviated ... DORYX 150 mg delayed-release tablets. DORYX, which Warner ...
Cached Medicine News:Health News:DeVry University announces Employment Gap Scholarship program to aid displaced workers 2Health News:Still River Systems, Inc. Secures $33 Million in Private Financing 2Health News:CUREXO Technology Corporation Receives Quality Certificate 2Health News:Migraine Poetry Contest Kicks Off at HealthCentral's MyMigraineConnection.com 2Health News:iJET Issues 2008 Review & Forecast Report on Avian Influenza and Pandemic Preparedness 2Health News:iJET Issues 2008 Review & Forecast Report on Avian Influenza and Pandemic Preparedness 3Health News:Warner Chilcott Announces Receipt of Paragraph IV Certification Notice 2Health News:Warner Chilcott Announces Receipt of Paragraph IV Certification Notice 3
(Date:9/2/2015)... Gulf Coast Tattoo Removal is the first and only laser ... in Southern Mississippi . Gulf Coast Tattoo Removal ... back control of their skin. The clinic is located in ... Biloxi , Gulfport , and the ... prevalent as it is, I was surprised by the lack of ...
(Date:9/2/2015)... DUBLIN , Sept. 2, 2015  Research ... addition of the "An Introduction to the ... 2015)" conference to their offering. ... the European medical device legislation. It will explain ... involvement of Notified Bodies, how to choose one ...
(Date:9/2/2015)... -- Research and Markets ( ... PharmaBiotech,s new report "Therapeutic Drug Monitoring - ... This report deals with therapeutic drug ... patient care by monitoring drug levels in the ... for improving outcome. TDM is viewed as a ...
Breaking Medicine Technology:Gulf Coast Tattoo Removal Delivers Unrivaled Tattoo Removal Results To Biloxi And Gulfport With Astanza Duality 2Global Therapeutic Drug Monitoring Technologies, Markets, and Companies Report 2015 - Updated 2015 Analysis with Forecasts to 2024 2
... provider of the award-winning PatientPad® self-service patient check-in ... in a Series B funding round.  The lead investors ... Buckhead Investment Partners (BIP).  Imlay Investments and BLH Venture ... year, also contributed. "We are pleased to ...
... (GTLL), announced today that it has executed a Letter of ... GTLL will acquire 100% of Oxygen Orchard and ... management, board, and officers will concurrently resign with execution of ... be completed within 21 days. Complete disclosures ...
Cached Medicine Technology:Digital Assent Secures $7.5 Million Series B Funding 2Digital Assent Secures $7.5 Million Series B Funding 3Global Technologies, Ltd. Announces LOI to Acquire and Merge with Oxygen Orchard, Inc. 2
... Used to dilate the ... medium to assess possible submucosal ... a topical anesthetic in the ... passage by, or dislodgment of ...
Used for drainage and retrograde pyelogram. Supplied sterile in peel-open packages. Intended for one-time use....
Used for drainage and navigation of a tortuous ureter. The tapered tip eases placement as there are no edges to interfere with the ureteral orifice. Supplied sterile in peel-open packages. Intended f...
... constructed of stainless steel Delta Wire. The ... a three-prong grasper with the largest possible ... Delta Wire creates a grasper with increased ... in the ureter. Supplied sterile in peel-open ...
Medicine Products: