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Solta Medical Reports Third Quarter Results
Date:11/1/2012

HAYWARD, Calif., Nov. 1, 2012 /PRNewswire/ -- Solta Medical, Inc. (NASDAQ: SLTM), a global leader in the medical aesthetics market, today announced results for the third quarter ended September 30, 2012. Revenue for the third quarter was $35.0 million, an increase of $7.6 million, or 28%, as compared to the third quarter of 2011. Revenue from Liposonix, the Company's non-invasive fat reduction system, was $7.0 million, which was generated from shipments of 81 systems and associated consumables. Total product revenue from treatment tips and consumables for the quarter was $16.9 million, representing 48% of total revenue.  Revenue from North America and international markets rose year-over-year by 27% and 28%, respectively, and was driven by growth in Liposonix, Thermage, Fraxel, and Clear + Brilliant brands.

"During the third quarter, we successfully executed our strategies to launch Liposonix in several key international markets as well as generate growth from the Thermage, Fraxel, and Clear + Brilliant product lines," said Stephen J. Fanning, Chairman, President & CEO. "As a result of our efforts, we expanded commercialization of Liposonix to several overseas markets. In total, more than one-half of the Liposonix systems were shipped to international distributors and their customers during the quarter. Over the last several months, we have received  important regulatory clearances for Liposonix and Clear + Brilliant in several significant international markets  and in Asia, we continued to see strong demand for all our brands as revenue rose year-over-year in the region by 43%.  In addition, we generated double digit new system sales growth worldwide for our Thermage and Fraxel brands during the quarter."

GAAP net loss for the quarter was $2.9 million as compared to GAAP net loss of $1.1 million reported for the third quarter of 2011. Non-GAAP
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SOURCE Solta Medical, Inc.
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