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Thermage Announces Fourth Quarter and Full Year 2007 Financial Results
Date:2/19/2008

$0.12 per diluted share. Non-GAAP (1) net income for the full year 2008, which excludes estimated stock based compensation charges of approximately $4.8 million, is expected to be in a range of $0.25 to $0.30 per diluted share. The per share earnings amounts are based on weighted average shares of 26 million.

Non-GAAP Presentation:

(1) To supplement the condensed financial information presented on a GAAP

basis, management has provided non-GAAP net income and loss, and

non-GAAP earnings per share measures that exclude the impact of all

stock-based compensation expenses, and amounts recorded for

revaluation of preferred stock warrant liabilities, all net of income

taxes. The calculation of non-GAAP net earnings per share in the years

ended December 31, 2007 and 2006 also includes adjustments for

dilutive potential common stock and assumes the conversion into common

stock of the Company's shares of convertible preferred stock, which

automatically converted into shares of common stock upon the Company's

initial public offering in November 2006. The Company believes that

these non-GAAP financial measures provide investors with insight into

what is used by management to conduct a more meaningful and consistent

comparison of the Company's ongoing operating results and trends,

compared with historical results. This presentation is also consistent

with management's internal use of the measure, which it uses to

measure the performance of ongoing operating results, against prior

periods and against our internally developed targets. A table

reconciling the GAAP financial measures to the non-GAAP measures is

included in the condensed consolidated financial information attached

to this release.

Conference Call

The conference call is scheduled to begi
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SOURCE Thermage, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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