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

(unaudited)

Three Months Ended Years Ended

December 31, December 31,

2007 2006 2007 2006

Net revenue $16,582 $14,751 $63,101 $54,320

Cost of revenue 3,895 4,087 15,976 15,259

Gross margin 12,687 10,664 47,125 39,061

Operating expenses

Sales and marketing 6,990 6,136 26,195 24,071

Research and development 2,119 2,510 9,099 9,639

General and administrative 3,138 2,628 11,300 9,973

Total operating expenses 12,247 11,274 46,594 43,683

Income (loss) from

operations 440 (610) 531 (4,622)

Interest and other income 674 393 2,520 768

Interest, warrants and

other income (expense) - 1,606 - (55)

Income (loss) before income

taxes 1,114 1,389 3,051 (3,909)

Provision for income taxes (124) - (271) -

Net income (loss) $990 $1,389 $2,780 $(3,909)

Income (loss) allocable to

common stockholders $990 $0 $2,780 $(3,909)

Net income (loss) per share

- basic $0.04 $0.00 $0.12 $(0.60)

Net income (loss) per share

- diluted $0.04 $0.00 $0.11 $(0.60)

Weighted average shares

outstanding used in

calculating net income

(loss) per common share:

Basic 23,508,356 13,578,831 23,241,031 6,561,648

Diluted
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SOURCE Thermage, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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