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Thermage Announces Second Quarter 2008 Financial Results
Date:8/11/2008

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Thermage, Inc.

CONDENSED STATEMENTS OF OPERATIONS

(in thousands of dollars, except share and per share data)

(unaudited)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Net revenue $17,881 $17,499 $34,112 $32,654

Cost of revenue 4,095 4,818 8,453 8,970

Gross margin 13,786 12,681 25,659 23,684

Operating expenses:

Sales and marketing 6,993 6,815 14,415 13,189

Research and development 2,173 2,232 4,904 4,698

General and administrative 3,046 2,784 7,598 5,467

Total operating expenses 12,212 11,831 26,917 23,354

Income (loss) from operations 1,574 850 (1,258) 330

Interest and other income 543 598 1,146 1,184

Income (loss) before

income taxes 2,117 1,448 (112) 1,514

Provision for income taxes (78) (140) (86) (147)

Net income (loss) $2,039 $1,308 $(198) $1,367

Net income (loss) per

share - basic $0.09 $0.06 $(0.01) $0.06

Net income (loss) per

share - diluted $0.08 $0.05 $(0.01) $0.06

Weighted average shares

outstanding used in

calculating net income

(loss) per share:

Basic 23,855,246 23,104,942 23,743,043 23,041,983

Diluted 24,418,630 24,735,037 23,743,043 24,761,794


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SOURCE Thermage, Inc.
Copyright©2008 PR Newswire.
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