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Cynosure Reports Record Revenues for Fourth-Quarter and Full-Year 2012
Date:2/12/2013

,308Operating expensesSelling and marketing 

12,693

10,89247,543

39,142Research and development3,192

2,83712,972

10,079General and administrative 

4,667

4,03016,278

15,109Total operating expenses20,552

17,75976,793

64,330Income (loss) from operations4,239

1,42812,133

(2,022)Interest income, net

21

860

125Other income (expense), net

223

(154)532

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

1,28212,725

(2,098)Income tax provision 

444

1991,764

807Net income (loss)$
4,039

$
,083$
,961

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

$
.27

$
.08$
.79

$
(0.23)Diluted weighted average shares outstanding

15,101

12,84713,792

12,585Basic net income (loss) per share 

$
.28

$
.09$
.83

$
(0.23)Basic weighted average shares outstanding

14,555

12,56713,189

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

$
86,057$
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$
234,095$
51,580Liabilities and stockholders' equity:Accounts payable and accrued expenses$
25,865$
22,418Amounts due to related parties1,8961,550Deferred revenue6,3196,388Capital lease obligations322239Total current liabilities34,40
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SOURCE Cynosure, Inc.
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