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Cynosure Inc (CYNO) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Cynosure Inc

CIK: 885306 Ticker: CYNO

Exhibit 99.1

 

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Contact:   
Timothy Baker    Scott Solomon
President and Chief Financial Officer    Vice President
Cynosure, Inc.    Sharon Merrill Associates
(978) 256-4200    (617) 542-5300
TBaker@cynosure.com    CYNO@investorrelations.com

Cynosure Reports Record Quarterly Revenue of $86.3 Million for the Fourth Quarter of 2014

Westford, MA – February 10, 2015

– Cynosure, Inc. (Nasdaq: CYNO), which designs, manufactures and markets medical devices for aesthetic procedures and precision surgical applications worldwide, today reported financial results for the three and 12 months ended December 31, 2014.

Financial Highlights

 

    Q4 revenue up 16 percent year-over-year to $86.3 million

 

    Q4 GAAP net income of $23.0 million, or $1.05 per diluted share, reflecting the release of income tax valuation allowance

 

    Q4 non-GAAP net income of $7.9 million, or $0.36 per diluted share, excluding the release of income tax valuation allowance, acquisition costs and amortization expenses

 

    Q4 cash from operations of $22.2 million; $133.4 million in cash and investments at December 31, 2014

 

    Full-year 2014 revenue of $292.4 million, up 29 percent

“We capped an outstanding year in 2014 with a solid fourth quarter, driven by record revenues and continued profitability,” said Cynosure Chairman and Chief Executive Officer Michael Davin. “Equally important, we continue to generate strong operating cash flow and strengthen our balance sheet, while at the same time stepping up R&D and marketing investments as we focus on accelerating the pace at which our products are coming to market.”


The following information was filed by Cynosure Inc (CYNO) on Tuesday, February 10, 2015 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) Plans - Additional Information (detail)
Acquisition
Acquisition (tables)
Acquisition - Additional Information (detail)
Acquisition - Estimated Fair Value Of Net Assets Acquired (detail)
Acquisition - Pro-forma Condensed Consolidated Operating Results (detail)
Balance Sheet Accounts
Balance Sheet Accounts (tables)
Balance Sheet Accounts - Accrued Expenses (detail)
Balance Sheet Accounts - Additional Information (detail)
Balance Sheet Accounts - Other Noncurrent Liabilities (detail)
Balance Sheet Accounts - Other Noncurrent Liabilities (parenthetical) (detail)
Balance Sheet Accounts - Property And Equipment (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Operating Facility, Certain Equipment And Vehicles Under Operating Lease And Capital Lease Agreements With Payments (detail)
Fair Value
Fair Value (tables)
Fair Value - Measurement Of Fair Value Hierarchy For Financial Assets (detail)
Fair Value - Measurement Of Fair Value Hierarchy For Financial Assets (parenthetical) (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Schedule Of Amortization Expenses On Intangible Assets (detail)
Goodwill And Other Intangible Assets - Schedule Of Changes To Goodwill (detail)
Goodwill And Other Intangible Assets - Schedule Of Components Of Other Intangible Assets (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - (benefit) Provision For Income Taxes (detail)
Income Taxes - (loss) Income Before Income Tax (benefit) Provision (detail)
Income Taxes - Additional Information (detail)
Income Taxes - Changes In Gross Unrecognized Tax Benefits (detail)
Income Taxes - Reconciliation Of Federal Statutory Rate (detail)
Income Taxes - Significant Components Of Deferred Tax Assets And Liabilities (detail)
Nature Of The Business
Nature Of The Business - Additional Information (detail)
Segment And Geographic Information
Segment And Geographic Information (tables)
Segment And Geographic Information - Additional Information (detail)
Segment And Geographic Information - Schedule Of Long-lived Assets By Geographic Area (detail)
Segment And Geographic Information - Schedule Of Total Assets By Geographic Area (detail)
Segment And Geographic Information - Schedule Of Total Revenue By Geographic Destination (detail)
Short And Long-term Marketable Securities
Short And Long-term Marketable Securities (tables)
Short And Long-term Marketable Securities - Additional Information (detail)
Short And Long-term Marketable Securities - Schedule Of Available-for-sale Debt Securities Mature (detail)
Short And Long-term Marketable Securities - Schedule Of Marketable Securities (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Stock Option Activity (detail)
Stock-based Compensation - Summary Of Rsu Grant And Unrecognized Compensation Expense (detail)
Stock-based Compensation - Summary Of Rsus Activity Under 2005 Plan (detail)
Stockholders' Equity
Stockholders' Equity - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Accounts Receivable Allowance Activity (detail)
Summary Of Significant Accounting Policies - Activity In The Accrued Warranty Account (detail)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Changes To Accumulated Other Comprehensive Loss (detail)
Summary Of Significant Accounting Policies - Inventories (detail)
Summary Of Significant Accounting Policies - Schedule Of Reconciliation Of Basic And Diluted Shares (detail)
Summary Of Significant Accounting Policies - Summary Of Share-based Compensation Arrangement Fair Value Assumptions (detail)
Summary Of Significant Accounting Policies - Summary Of Stock-based Compensation Expenses (detail)
Summary Selected Quarterly Financial Data (unaudited)
Summary Selected Quarterly Financial Data (unaudited) (tables)
Summary Selected Quarterly Financial Data (unaudited) - Unaudited Consolidated Quarterly Results Of Operations (detail)
Summary Selected Quarterly Financial Data (unaudited) - Unaudited Consolidated Quarterly Results Of Operations (parenthetical) (detail)
Ticker: CYNO
CIK: 885306
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-091339
Submitted to the SEC: Fri Mar 13 2015 4:50:13 PM EST
Accepted by the SEC: Fri Mar 13 2015
Period: Wednesday, December 31, 2014
Industry: Electromedical And Electrotherapeutic Apparatus

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