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Thermage Discloses Preliminary 3Q 2008 Results for Thermage and Reliant
Date:11/4/2008

Thermage Schedules Release Date and Conference Call

Pro Forma Combined Third Quarter 2008 Revenue Growth of 8%

HAYWARD, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Thermage, Inc. (Nasdaq: THRM) today provided preliminary results for the third quarter ended September 30, 2008 for both Thermage and Reliant Technologies, Inc. The Company provided the preliminary results because it may update its Form S-4 filing with the Securities and Exchange Commission regarding the merger of the two companies prior to the issuance of its final third quarter results and any update would include the preliminary results for the third quarter. Thermage and Reliant expect to complete the merger of the two companies in the fourth quarter.

Thermage revenue for the third quarter is expected to be in the range of $12.9 to $13.0 million, compared with $13.9 million in the third quarter of 2007. The gross profit margin for the third quarter of 2008 is expected to be approximately 75% of revenue. The Company expects to report a net loss during the third quarter of 2008 of approximately $1.2 million on a GAAP basis. The net loss includes a loss of approximately $0.9 million on a Lehman Brothers corporate bond held in the Company's investment portfolio and approximately $0.9 million in stock-based compensation charges.

Third quarter 2008 revenue for Reliant is expected to be in the range of $19.7 to $20.0 million, representing a growth rate of approximately 21% over $16.3 million in revenue in the third quarter of the prior year. Reliant's operating loss for the third quarter of 2008 is expected to be between $1.6 and $1.8 million on a GAAP basis. The operating loss includes approximately $1.6 million in stock based compensation cha
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SOURCE Thermage, Inc.
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