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Cynosure Reports 53% Increase in Revenues and Returns to Profitability in the Fourth Quarter of 2011
Date:2/14/2012

in the fourth quarter is particularly notable given the addition of ConBio's revenue," Davin said. "Historically, a significant share of ConBio's revenue has come from lower-margin international distribution. As a result, we anticipated that the acquisition would reduce our overall margin in the fourth quarter. Instead, our gross profit margin increased on a higher mix of direct North American ConBio sales, as well as the overall improvement in the U.S. business climate."

Total operating expenses for the fourth quarter of 2011 were $17.8 million, or 52% of revenues, compared with $13.1 million, or 59% of revenues, for the fourth quarter of 2010.  

Recent Highlights: Cellulaze Receives FDA Clearance Cynosure announced on January 30th that the U.S. Food and Drug Administration had cleared the Company's newest flagship product – the Cellulaze™ Cellulite Laser Workstation – for commercial distribution. Cellulaze is the first and only minimally invasive medical device approved for the reduction of cellulite, a condition estimated to affect 85% of women over age 20. Cellulaze also is currently being marketed in Canada, the European Union, Australia and South Korea. Cynosure is pursuing regulatory approvals in additional international markets.

"With the addition of Cellulaze to our U.S. product lineup, Cynosure gains a critical first-mover advantage with the world's first aesthetic laser device for longer-lasting cellulite reduction," Davin said. "The product is supported by nearly four years of clinical research that we believe establishes Cellulaze as a new standard of care for this indication."

Business Outlook"We capped a year of steady top-line growth by posting our strongest quarter of 2011, and generating our first profitable quarter in more than three years," Davin said. "Propelled by an improving credit environment, momentum from newly acquired products and organic growth, our full-year revenue of $110.6 mi
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SOURCE Cynosure, Inc.
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