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:8/21/2014)... Being born at a low birth weight puts black women ... suggests. The findings may partly explain high diabetes rates ... of low birth weight, the researchers added. Their study ... a low birth weight were 13 percent more likely to ... weight. The risk of diabetes was 40 percent higher in ...
(Date:8/21/2014)... The W. Montague Cobb/ NMA Health Institute, ... in the elimination of health disparities, honored three ... National Medical Association’s (NMA) Annual Convention and Scientific ... Ph.D, former Director of the National Institute on ... and innovations have had a significant impact on ...
(Date:8/21/2014)... (PRWEB) August 21, 2014 Seattle, ... at Eastlake Chiropractic and Massage Center ... Center’s growing team. Rina Lang, LMP and Mike ... wide range of massage techniques, and have developed their ... This is particularly important in a clinical environment ...
(Date:8/21/2014)... 2014 Researchers in the United Kingdom have demonstrated ... and accurately diagnose a number of rare diseases marked ... published online today in Ophthalmology , the journal ... single test, doctors were able to tailor care specifically ... the time and money spent on diagnosis and enabling ...
(Date:8/21/2014)... (PRWEB) August 21, 2014 The world ... 15.6 billion in 2014 and reach USD 18.3 billion ... forecast period. The drivers of such growth include governments’ ... obese and diabetic population, and surging ageing population. However, ... state-of-the-art wound care products. Region-wise, North America leads the ...
Breaking Medicine News(10 mins):Health News:Low Birth Weights May Put Black Women at Risk for Diabetes 2Health News:W. Montague Cobb/NMA Health Institute Honors Three Outstanding Leaders in Health Disparities 2Health News:Seattle’s Eastlake Chiropractic and Massage Center Is Pleased to Introduce Rina Lang and Mike Larios as New Members of Its Massage Therapy Team 2Health News:Seattle’s Eastlake Chiropractic and Massage Center Is Pleased to Introduce Rina Lang and Mike Larios as New Members of Its Massage Therapy Team 3Health News:New DNA test for diagnosing diseases linked to childhood blindness 2Health News:Global Wound Care Market to Post 3.2% CAGR Through 2019, Says MarketsandMarkets in Its New Report Published at MarketPublishers.com 2Health News:Global Wound Care Market to Post 3.2% CAGR Through 2019, Says MarketsandMarkets in Its New Report Published at MarketPublishers.com 3
... bacterial growth , , FRIDAY, May 1 (HealthDay News) ... infections have been identified by U.S. researchers. , ... bacteria, researchers have warned. One promising approach to ... that suppress bacteria virulence (ability to cause disease), ...
... 1918 virus, CDC notes , , SATURDAY, May 2 (HealthDay News) -- ... be as great as once thought, test results released Friday in ... that only 397 of 908 suspected cases that were tested turned ... have died. , Mexico had reported about 2,500 suspected cases as ...
... twins, Tracy and Lanny Barnes are ranked among the top competitors in ... the gold at the 2010 Winter Games to be held in Vancouver, ... made with hot pepper extract for helping them get the most out ... ...
... honor of listing in the 2010 Martindale-Hubbell® Bar Register of Preeminent ... ... May 2, 2009 -- Saunders & Schmieler, P.C. recently received the ... Lawyers™ guide. Fewer than five percent of all law firms ...
... Breast Care Center to be awarded $750,000 for its ... at the annual Avon Walk for Breast Cancer in ... Foundation has recognized the Lombardi Comprehensive Cancer Center and ... breast cancer prevention and research. These funds will go ...
... free of swine flu casesBELIZE CITY, Belize, May 1 ... its residents and travelers against the swine flu, which is ... taking additional proactive steps towards protection against the pandemic. ... Free Zone and casinos in the town of Corozal, which ...
Cached Medicine News:Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 2Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 3Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 4Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 5Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 6Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 7Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 8Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 9Health News:Scope of Swine Flu Outbreak in Mexico Might Be Smaller Than Thought 10Health News:Twin Sisters Set Their Sights On Biathlon Gold At The 2010 Winter Games 2Health News:Insurance Defense Law Firm Receives Recognition from Martindale-Hubbell 2Health News:Lombardi Cancer Center and the Capital Breast Care Center awarded $750,000 from the AVON Foundation 2Health News:Belize Takes Further Action Regarding Influenza A (H1N1) to Ensure Safety of Travelers 2
(Date:8/21/2014)... --  Memorial Hermann Health System and The University ... new partnership to provide a new level of specialized breast ... the greater Houston area. ... provider of professional breast radiology services for five of Memorial ... The Woodlands , Northeast, Southwest and ...
(Date:8/21/2014)...  eRelevance Corporation ( www.erelevancecorp.com ), a progressive ... has completed integration with Nextech, a popular Electronic ... Dermatology practices. "Integration allows our service ... using Nextech," stated Bob Fabbio , co-founder ... the EMR we are able to automatically target ...
(Date:8/21/2014)... 21, 2014 /CNW/ - Eisai Limited is pleased to support ... first-of-its-kind comic book available in Canada . ... specifically to educate children and their parents about epilepsy, the ... affecting more than 300,000 Canadians. Eisai is guided by a ... in which the patient is central – there was a ...
Breaking Medicine Technology:Memorial Hermann, MD Anderson join forces to provide enhanced breast imaging services throughout the Greater Houston Region 2Memorial Hermann, MD Anderson join forces to provide enhanced breast imaging services throughout the Greater Houston Region 3Memorial Hermann, MD Anderson join forces to provide enhanced breast imaging services throughout the Greater Houston Region 4eRelevance Corporation Integrates with Nextech Electronic Medical Records 2Eisai Pleased to Support Canadian Epilepsy Alliance Comic Book that Teaches Children About Epilepsy 2
... March 2, 2011 Accumetrics, Inc., a privately-held developer ... and easy-to-use point-of-care diagnostic system for measuring platelet reactivity ... has signed an agreement with Portola Pharmaceuticals, Inc. to ... use in clinical trials. The VerifyNow System ...
... 2, 2011 Naviscan, Inc., announces the European ... scanner at two prestigious radiology conferences in Vienna. ... Breast Imaging (EUSOBI) Annual Scientific Meeting, a podium ... Emission Mammography) data demonstrating PEM,s ability to reduce ...
Cached Medicine Technology:Accumetrics Signs Development & Supply Agreement With Portola Pharmaceuticals, Inc. 2Naviscan Announces European Launch of Positron Emission Mammography 2
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: