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

the Company's previously issued range of 64% to 67%. Non-GAAP gross margin excludes non-cash amortization charges, non-cash stock based compensation charges, severance costs, and acquisition related adjustments. Non-GAAP gross margin for the nine months ended September 30, 2012 was 66.6%.
  • The outlook for positive non-GAAP adjusted EBITDA for every quarter and for the full-year 2012 remains unchanged. Non-GAAP adjusted EBITDA excludes non-cash amortization charges, non-cash stock based compensation charges, severance costs, and acquisition related adjustments. Non-GAAP adjusted EBITDA for the nine months ended September 30, 2012 was $8.0 million.

    • * The Company is unable at this time to assess the impact Hurricane Sandy may have on its ability to generate revenue from the Northeast region of the U.S. where the Company has historically derived about 8% of total revenue.

    Non-GAAP PresentationTo supplement the condensed consolidated financial information presented on a GAAP basis, management has provided non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP adjusted EBITDA, non-GAAP net income (loss) and non-GAAP earnings (loss) per share measures that exclude the impact of acquisition related adjustments, severance costs, acquisition related costs, and stock-based compensation expenses.  The Company believes that these non-GAAP financial measures provide investors with insight into what is used by management to conduct a more meaningful and consistent comparison of the Company's ongoing operating results and trends, compared with historical results.  This presentation is also consistent with the measures management uses to measure the performance of ongoing operating results against prior periods and against our internally developed targets.  There are limitations in using these non-GAAP financial measures because they are not prepared in accordance with GAAP and may be different from non-GAAP financial measure
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    SOURCE Solta Medical, Inc.
    Copyright©2012 PR Newswire.
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