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Solta Medical, Inc. Announces Preliminary Financial Results for the Fourth Quarter of 2008
Date:1/28/2009

Provides Financial Goals for 2009

Earnings Release & Conference Call Scheduled for February 23

HAYWARD, Calif., Jan. 28 /PRNewswire-FirstCall/ -- Solta Medical, Inc. (Nasdaq: SLTM), a global leader in the medical aesthetics market, today announced preliminary financial results for the fourth quarter ended December 31, 2008 and provided financial goals for 2009.

Solta Medical revenue for the fourth quarter is expected to be in the range of $9.3 million to $9.6 million and includes revenue from the sale of Fraxel products post-acquisition of Reliant Technologies, Inc. on December 23, 2008.

On a pro forma combined basis as if the acquisition of Reliant Technologies was effective October 1, 2008, revenue for the fourth quarter is estimated to have been between $19.9 million to $20.2 million. This compares to revenue for both companies of $35.5 million in the fourth quarter of 2007 on a pro forma combined basis.

The Company expects to report a net loss for the quarter in the range of $14 million to $19 million on a GAAP basis. The net loss includes write-off of acquired in-process research and development of between $8 million to $13 million, severance, integration and other charges related to the acquisition of Reliant of $1.5 million, stock based compensation charges of $0.9 million, provisions for excess and obsolete inventory of $0.5 million, and amortization of intangible assets of $0.1 million. Fourth quarter earnings before interest, depreciation and amortization (EBITDA) and excluding the charges related to the Reliant acquisition is expected to be a loss of approximately $3.1 million.

The results for the quarter were impacted by poor global economic conditions, a tight credit environment, and the completion of the Reliant acquisition late in the q
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SOURCE Solta Medical, Inc.
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