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

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"The fourth quarter of 2008 was challenging for many companies including Solta Medical," said Stephen J. Fanning, Chairman of the Board, President and CEO of Solta Medical. "Despite the continued difficult environment, initial response to our new Body Tip16.0 for the Thermage NXT has been very positive. In addition, we have a number of new products and initiatives for 2009 that will continue to innovate, expand, and improve the aesthetic solutions we offer physicians and patients. With the integration of Reliant nearly complete, we look forward to competing in the market place with two premier brands in Fraxel and Thermage, and one of the largest U.S. sales forces in the industry."

The Company also provided the following financial goals for 2009:

  • Realize approximately $19 million in cost synergies as a result of the acquisition of Reliant Technologies, Inc.
  • Generate positive cash flow from operations and EBITDA for the year
  • Achieve a gross margin of 70% for the year excluding non-cash amortization of capitalized manufacturing profit in inventory related to the Reliant acquisition

4Q08 Earnings and Conference Call Information

Solta Medical plans to release its complete financial results for the fourth quarter ended December 31, 2008, after the market close on Monday, February 23, 2009. The Company will also host a conference call and webcast on Monday, February 23, 2009, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific) to discuss the financial results and current corporate developments. The dial-in number for the conference call is 800-218-0204 for domestic participants and 303-228-2960 for international participants.

A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will remain accessible for sev
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SOURCE Solta Medical, Inc.
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