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Cynosure Reports Record Revenues for Fourth-Quarter and Full-Year 2012

,308Operating expensesSelling and marketing 



39,142Research and development3,192


10,079General and administrative 



15,109Total operating expenses20,552


64,330Income (loss) from operations4,239


(2,022)Interest income, net



125Other income (expense), net



(201)Income (loss) before income taxes4,483


(2,098)Income tax provision 



807Net income (loss)$


(2,905)Diluted net income (loss) per share 



(0.23)Diluted weighted average shares outstanding



12,585Basic net income (loss) per share 



(0.23)Basic weighted average shares outstanding



12,585 Condensed Consolidated Balance Sheet (Unaudited)(In thousands)December 31, 20122011Assets:Cash, cash equivalents and marketable securities

35,694Short-term investments and related financial instruments

40,61731,379Accounts receivable, net17,97012,853Inventories32,90629,568Deferred tax asset, current portion703701Prepaid expenses and other current assets5,1493,038Total current assets183,402113,233Property and equipment, net8,2077,705Long-term marketable securities20,0716,595Goodwill and intangibles, net21,74823,486Other noncurrent assets667561Total assets$
51,580Liabilities and stockholders' equity:Accounts payable and accrued expenses$
22,418Amounts due to related parties1,8961,550Deferred revenue6,3196,388Capital lease obligations322239Total current liabilities34,40

SOURCE Cynosure, Inc.
Copyright©2012 PR Newswire.
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