Solta Medical Reports Third Quart... (actors that could affect Solta Medical's...)

Solta Medical Reports Third Quarter Results

Date:11/1/2012

actors that could affect Solta Medical's business and its financial results are detailed in its Form 10-K for the year ended December 31, 2011, and other reports as filed from time to time with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, especially guidance on future financial performance, which speaks only as of the date they are made. Solta Medical undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.

Solta Medical, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands of dollars, except share and per share data)(unaudited)Three Months EndedNine Months EndedSeptember 30,September 30,2012201120122011Net revenue

$35,028$27,411$104,744$82,816Cost of revenue

13,8139,51939,73828,300Gross margin

21,21517,89265,00654,516Operating expenses:Sales and marketing

12,40310,78440,02234,517Research and development

4,8493,66515,16710,878General and administrative

4,5574,66913,83212,003Remeasurement of contingent consideration liability

1,900(394)32,600(878)Total operating expenses

23,70918,724101,62156,520Loss from operations

(2,494)(832)(36,615)(2,004)Interest income

319852Interest expense

(377)(16)(1,078)(90)Other income and expense, net

46(306)(101)(188)Loss before income taxes

(2,822)(1,135)(37,786)(2,230)Provision for income taxes

5610177146Net loss

($2,878)($1,145)($37,963)($2,376)Net loss per share — basic and diluted

($0.04)($0.02)($0.60)($0.04)Weighted average shares outstanding used in calculating net loss per share:Basic and diluted

65,947,36160,785,01563,017,22060,443,429 Solta Medical, In
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SOURCE Solta Medical, Inc.
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