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Cynosure Reports First-Quarter 2013 Financial Results
Date:4/30/2013

alification under the securities laws of any such jurisdiction.  No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

 Consolidated Statements of Income (Unaudited)(In thousands, except per share data)Three Months Ended March 31,20132012Revenues$
40,690

$
34,168Cost of revenues 17,003

14,660Gross profit23,687

19,508Operating expensesSelling and marketing 

12,603

11,551Research and development3,781

3,239Amortization of intangible assets acquired

214

342General and administrative 

5,101

3,518Total operating expenses21,699

18,650Income from operations1,988

858Interest income, net

32

10Other (expense) income, net

(357)

209Income before income taxes1,663

1,077Income tax provision 

424

258Net income$
,239

$
819Diluted net income per share 

$
.07

$
.06Diluted weighted average shares outstanding

16,860

13,037Basic net income per share 

$
.08

$
.07Basic weighted average shares outstanding

16,185

12,578 

 Condensed Consolidated Balance Sheet (In thousands)March 31, December 31, 20132012(Unaudited)Assets:Cash, cash equivalents and marketable securities

$
89,237$
86,057Short-term investments and related financial instruments

43,77040,617Accounts receivable, net20,94517,970Inventories32,86632,906Deferred tax asset, current portion779783Prepaid expenses and other current assets5,0755,149Total current assets192,672183,482Property and equipment, net8,6888,207Long-term marketable securities13,63720,071Goodwill and intangibles, net21,37621,748Other noncurrent assets1,0161,061Total assets$
237,389$
234
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SOURCE Cynosure, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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