Fourth Quarter Revenue Up 12% Fourth Quarter 2007 Gross Profit Margin Increases to 76.5% vs. 72.3% in
Fourth Quarter 2006
HAYWARD, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Thermage, Inc. (Nasdaq: THRM), a leader in non-invasive tissue tightening in the aesthetic industry, reported today its financial results for the fourth quarter and full year ended December 31, 2007.
Revenue for the fourth quarter of 2007 was $16.6 million, up 12% from $14.8 million for the fourth quarter of 2006. Gross profit for the fourth quarter of 2007 increased to $12.7 million, or 76.5% of revenue, from $10.7 million, or 72.3% of revenue, for the same quarter of 2006. The Company reported GAAP net income of $1.0 million for the 2007 fourth quarter, or $0.04 per diluted share, versus net income of $1.4 million, with no income allocable to common stockholders, for the same quarter of the prior year. Non-GAAP (1) net income for the fourth quarter of 2007 was $2.1 million, or $0.08 per diluted share, compared to non-GAAP (1) net income of $0.3 million, or $0.02 per diluted share, for the fourth quarter of 2006.
For the full year 2007, revenue was a record $63.1 million, up 16% from $54.3 million for the full year 2006. Net income in 2007 was $2.8 million, or $0.11 per diluted share, compared with a net loss of $3.9 million, or $(0.60) per share, for 2006. Non-GAAP (1) net income for 2007 was $7.6 million, or $0.30 per diluted share, compared with a non-GAAP (1) net loss of $1.2 million, or $(0.07) per share, for 2006.
"We had a strong finish to 2007, characterized by continued revenue
growth both domestically and internationally, excellent sales of our
disposable treatment tips and high g
|SOURCE Thermage, Inc.|
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