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Cynosure Inc (CYNO) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Cynosure Inc

CIK: 885306 Ticker: CYNO

Exhibit 99.1

 

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Timothy Baker   Scott Solomon
Executive VP, Treasurer and CFO   Vice President
Cynosure, Inc.   Sharon Merrill
978.256.4200   617.542.5300
TBaker@cynosure.com   CYNO@investorrelations.com

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

 

   

Q4 Revenues Up 25% to $42.7 Million; 2012 Revenues Increase 39% to $153.5 Million

 

   

Company Generates EPS of $0.27 for Q4 and $0.79 for Full-Year 2012

 

   

Cash, Securities and Investments Increase to $146.7 Million at Year-End

Westford, Mass., February 12, 2013

– Cynosure, Inc. (NASDAQ: CYNO) today reported record revenues for the fourth quarter and full year ended December 31, 2012. Revenues for the fourth quarter increased 25% to $42.7 million from $34.1 million for the same period of 2011, while revenues for the full year of 2012 were up 39% to $153.5 million from $110.6 million for 2011.

“Our focus on consistently delivering the industry’s leading aesthetic workstations and technology innovations enabled Cynosure to generate strong results in 2012,” said Michael Davin, Cynosure’s President and Chief Executive Officer. “We believe that we are well positioned to continue our momentum in the year ahead. Demand across North America and our international segments helped to produce record top-line performance for the Company in both the fourth quarter and full year. At the same time, we continue to achieve additional operating leverage which enhanced our margins and significantly strengthened the bottom line.”

Financial Highlights

Net income for the fourth quarter of 2012 was $4.0 million, or $0.27 per diluted share, compared with $1.1 million, or $0.08 per diluted share, for the fourth quarter of 2011, reflecting increased revenue and improved operating leverage for the 2012 period. For the full year, net income was $11.0 million, or $0.79 per diluted share, compared with a net loss of $2.9 million, or $0.23 per share, for 2011.

Laser product revenue increased 28% for the fourth quarter of 2012 to $36.5 million from $28.4 million for the same period of 2011, and 45% for the full year to $128.5 million from $88.4 million for 2011. These increases reflect the U.S. launch of the Company’s minimally invasive Cellulaze™ Cellulite Laser Workstation in 2012 and strong demand for its other devices including the Elite™ family of products, as well as the MedLite® C6 and RevLite® Workstation and the Smartlipo® laser lipolysis system.


The following information was filed by Cynosure Inc (CYNO) on Tuesday, February 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parenthetical)
401(k) Plan
401(k) Plan (details Textual)
Balance Sheet Accounts
Balance Sheet Accounts (details 1)
Balance Sheet Accounts (details 2)
Balance Sheet Accounts (details Textual)
Balance Sheet Accounts (details)
Balance Sheet Accounts (tables)
Commitment And Contingencies (details Textual)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Fair Value
Fair Value (details Textual)
Fair Value (details)
Fair Value (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details 1)
Goodwill And Other Intangible Assets (details 2)
Goodwill And Other Intangible Assets (details Textual)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Nature Of The Business
Nature Of The Business (details Textual)
Related Party Transactions
Related Party Transactions (details Textual)
Segment And Geographic Information
Segment And Geographic Information (details 1)
Segment And Geographic Information (details 2)
Segment And Geographic Information (details Textual)
Segment And Geographic Information (details)
Segment And Geographic Information (tables)
Short And Long-term Marketable Securities
Short And Long-term Marketable Securities (details 1)
Short And Long-term Marketable Securities (details Textual)
Short And Long-term Marketable Securities (details)
Short And Long-term Marketable Securities (tables)
Stock-based Compensation
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Stockholders' Equity
Stockholders' Equity (details Textual)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 1)
Summary Of Significant Accounting Policies (details 2)
Summary Of Significant Accounting Policies (details 3)
Summary Of Significant Accounting Policies (details 4)
Summary Of Significant Accounting Policies (details 5)
Summary Of Significant Accounting Policies (details 6)
Summary Of Significant Accounting Policies (details Textual)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Selected Quarterly Financial Data (unaudited)
Summary Selected Quarterly Financial Data (unaudited) (details)
Summary Selected Quarterly Financial Data (unaudited)(tables)
Ticker: CYNO
CIK: 885306
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-098608
Submitted to the SEC: Fri Mar 08 2013 4:20:52 PM EST
Accepted by the SEC: Fri Mar 08 2013
Period: Monday, December 31, 2012
Industry: Electromedical And Electrotherapeutic Apparatus

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