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Solta Medical Reports Third Quarter 2010 Results
Date:11/2/2010

HAYWARD, Calif., Nov. 2, 2010 /PRNewswire-FirstCall/ -- Solta Medical, Inc. (Nasdaq: SLTM), a global leader in the medical aesthetics market, today announced results for the third quarter ended September 30, 2010. Revenue for the third quarter was $24.9 million, an increase of approximately $7.1 million, or 40%, as compared to the third quarter 2009 revenue of $17.8 million. The improved results for the quarter were driven primarily by a year-over-year 40% increase in sales of treatment tips and consumables. Total revenue for the quarter from treatment tips and consumables of $13.4 million rose by $3.8 million as compared to $9.6 million for the third quarter of 2009.

Solta Medical's GAAP reported results for the third quarter of 2010 include non-cash amortization and other charges of $1.3 million related to the acquisitions of Reliant Technologies and Aesthera Corporation and non-cash stock based compensation charges of $0.6 million. The Company provides additional non-GAAP financial measures that exclude these charges and expenses.

The GAAP gross profit for the quarter was $15.7 million or 63% of net revenue. Non-GAAP gross profit for the quarter was $16.7 million or 67% of net revenue. GAAP net loss for the quarter was $1.4 million, or $0.02 per share as compared to GAAP net loss of $6.2 million, or $0.13 per share reported for the third quarter of 2009. Non-GAAP net income for the quarter was $0.5 million, or $0.01 per share on a diluted basis as compared to non-GAAP net loss of $4.2 million, or $0.09 per share reported for the third quarter of 2009. Non-GAAP EBITDA for the third quarter was $0.8 million compared to a loss of $3.8 million in the prior year period.

"We generated a year-over-year improvement in profitability for the quarter of nearly $5 million that was driven by increases in treatment tip revenue of over 30% in North America and nearly 50%
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SOURCE Solta Medical, Inc.
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