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

ents and developments will cause its views to change. However, while Cynosure may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Cynosure's views as of any date subsequent to the date of this press release.Consolidated Statements of Income (Unaudited)(In thousands, except per share data)Three Months Ended Dec 31,Year Ended Dec 31,2011201020112010Revenues$ 34,102

$ 22,342$ 110,602

$ 81,775Cost of revenues 14,915

9,85948,294

35,388Gross profit19,187

12,48362,308

46,387Operating expensesSelling and marketing

10,892

8,70239,142

32,818Research and development  

2,837

1,84610,079

7,300Amortization on intangible assets acquired

415

-854

-General and administrative

3,615

2,56114,255

11,312Total operating expenses17,759

13,10964,330

51,430Income/(loss) from operations1,428

(626)(2,022)

(5,043)Interest income, net

8

24125

163Other expense, net

(154)

(28)(201)

(224)Income/(loss) before income taxes1,282

(630)(2,098)

(5,104)Income tax provision

199

168807

442Net income/(loss)$   1,083

$
(798)$   (2,905)

$ (5,546)Diluted net income/(loss) per share

$
.08

$   (0.06)$
(0.23)

$   (0.44)Diluted weighted average shares outstanding

12,847

12,59212,585

12,666Basic net income/(loss) per share

$
.09

$   (0.06)$
(0.23)

$   (0.44)Basic weighted average shares outstanding

12,567

12,59212,585

12,666Condensed Consolidated Balance Sheet(In thousands)Dec. 31,Dec. 31,20112010Assets:Cash, cash equivalents and short-term marketable securities$   67,073$   8
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SOURCE Cynosure, Inc.
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