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Cynosure Inc (CYNO) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2015

Cynosure Inc

CIK: 885306 Ticker: CYNO

Exhibit 99.1

Contact:

 

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

Cynosure Announces Second-Quarter 2015 Results;

Record Revenue of $83.7 Million, Up 15 Percent from

Prior Year

Second-Quarter Highlights:

 

  North America product revenue growth of 47 percent

 

  Non-GAAP earnings of $0.30 per share; GAAP earnings of $0.24 per share

 

  Cash and investments of $145.2 million at June 30, 2015

 

  Received FDA clearances to market SculpSure™ for non-invasive fat reduction

Westford, MA – July 28, 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 months ended June 30, 2015.

“Our North American business posted another quarter of double-digit growth, as revenues increased 47 percent year-over-year and selling prices remained stable,” said Cynosure Chief Executive Officer Michael Davin. “While our international results reflected the economic slowdowns in Europe and China, as well as unfavorable foreign currency fluctuations, our solid domestic performance enabled us to generate 15 percent overall revenue growth.”

“We continued to allocate capital to the long-term growth of our business, with sales and marketing investments in the MonaLisa Touch™ laser for vaginal health and in the upcoming planned launch of SculpSure™, our new hyperthermic laser system for non-invasive lipolysis,” Davin said. “In its first six months in the U.S. market, MonaLisa Touch experienced a high level of demand, and we are pleased with the progress of the launch. Following our recent receipt of FDA 510(k) marketing clearances for SculpSure, we are laying the foundation for the U.S. introduction later this year of this first-of-its-kind aesthetic device for the non-invasive reduction of fat from the flanks and abdomen.”

“We also are creating new revenue streams for established products such as PicoSure®, our proprietary technology to remove tattoos and benign pigmented lesions,” Davin said. “In June, we began shipping initial revenue units of our new 532 nm laser delivery system,


The following information was filed by Cynosure Inc (CYNO) on Tuesday, July 28, 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-Q Quarterly 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-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (tables)
Accumulated Other Comprehensive Loss - Changes To Accumulated Other Comprehensive Loss (detail)
Acquisition
Acquisition (tables)
Acquisition - Additional Information (detail)
Acquisition - Estimated Fair Value Of Net Assets Acquired (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)
Commitments And Contingencies - Summary Of Fixed Contractual Cash Obligations (detail)
Fair Value
Fair Value (tables)
Fair Value - Measurement Of Fair Value Hierarchy For Financial Assets (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 - Additional Information (detail)
Interim Consolidated Financial Statements
Inventories
Inventories (tables)
Inventories - Inventories (detail)
Net Income Per Common Share
Net Income Per Common Share (tables)
Net Income Per Common Share - Additional Information (detail)
Net Income Per Common Share - Schedule Of Reconciliation Of Basic And Diluted Shares (detail)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (policies)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Schedule Of Long-lived Assets By Geographic Area (detail)
Segment Information - Schedule Of Total Assets By Geographic Area (detail)
Segment Information - Schedule Of Total Revenues By Geographic Area (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 - Summary Of Share-based Compensation Arrangement Fair Value Assumptions (detail)
Stock-based Compensation - Summary Of Stock-based Compensation Expenses (detail)
Warranty Costs
Warranty Costs (tables)
Warranty Costs - Additional Information (detail)
Warranty Costs - Schedule Of Activity In Accrued Warranty Account (detail)

Material Contracts, Statements, Certifications & more

Cynosure Inc provided additional information to their SEC Filing as exhibits

Ticker: CYNO
CIK: 885306
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-15-277854
Submitted to the SEC: Wed Aug 05 2015 9:01:28 AM EST
Accepted by the SEC: Wed Aug 05 2015
Period: Tuesday, June 30, 2015
Industry: Electromedical And Electrotherapeutic Apparatus

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