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Solta Medical Reports First Quarter 2013 Results
Date:5/1/2013

HAYWARD, Calif., May 1, 2013 /PRNewswire/ -- Solta Medical, Inc. (NASDAQ: SLTM), a global leader in the medical aesthetics market, today announced results for the first quarter ended March 31, 2013. Revenue for the first quarter was $34.5 million, an increase of $2.1 million, or 6%, as compared to the first quarter of 2012. The year-over-year revenue increase consisted primarily of $1.5 million from sales of VASER systems and $2.1 million from sales of treatment tips and other consumables, partially offset by a decline in sales of Liposonix systems in North America.

International revenue for the quarter rose year-over-year by 34% to $20.7 million with Asia Pacific up 40% and EMEA rising by 20%. North America revenue declined year-over-year by 19% to $13.8 million. Revenue from treatment tips and consumables for the quarter was $18.9 million, a year-over-year increase of $2.1 million or 13%, which included year-over-year growth both in North America and international markets of 10% and 15%, respectively.

"Our first quarter was softer than we had planned due to issues that have been identified and corrected," said Stephen J. Fanning, Chairman, President and CEO of Solta.  "In North America, our acquisition of Sound Surgical during the critical last month of the quarter led to some internal disruption impacting sales.  Additionally, a manufacturing issue with the Liposonix transducer treatment tip adversely affected customer reorders and our ability to demonstrate our Liposonix system to potential new customers in North America.  These developments masked the strong revenue growth generated by our international operations as well as the continued top line benefit of our recurring business model."

"Over the past month, we have been rebuilding the Liposonix momentum in North America.  At the same time, we are capitalizing on the synergies we env
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SOURCE Solta Medical, Inc.
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