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

Cynosure Inc

CIK: 885306 Ticker: CYNO

Exhibit 99.1

Contact:

 

Timothy Baker    Scott Solomon
President, Chief Operating Officer    Senior 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 Third-Quarter 2015 Results;

Revenue of $78.4 Million, 10 Percent Increase from

Prior Year

Third-Quarter Highlights:

 

  North America product revenue growth of 29 percent

 

  Non-GAAP earnings of $0.21 per share; GAAP earnings of $0.14 per share

 

  Cash and investments of $153.3 million at September 30, 2015

 

  Initiated U.S. pre-launch of SculpSure™ for non-invasive fat reduction

Westford, MA – October 27, 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 September 30, 2015.

“Continued momentum in North America drove another quarter of strong top-line growth and increased gross margin for Cynosure,” said Chief Executive Officer Michael Davin. “Product revenue in North America was up 29 percent year-over-year to $40.8 million, or 63 percent of total product revenue for the quarter, on strong sales of the PicoSure, Icon and MonaLisa Touch product lines. International product revenue was essentially flat for the quarter compared with the third quarter of 2014 as a result of unfavorable foreign currency exchange rates, as well as continued economic weakness in Europe and China. On a constant currency basis, international product revenue was up 6 percent year-over-year.

“As we discussed during our September 15th Investor Day, the U.S. pre-launch release of SculpSure, our new hyperthermic laser system for non-invasive fat reduction, is underway,” Davin said. “We have begun initial shipments of the system and conducted sales training with personnel in a number of key territories. Systems have also been placed with several industry luminaries, and the feedback from these physicians and their patients has been excellent. SculpSure was demonstrated at the American Society for Dermatologic Surgery Annual Meeting in Chicago and the 2015 meeting of the American Society of Plastic Surgeons in Boston. Internationally, SculpSure was unveiled at this month’s 25th European Academy of Dermatology and Venereology Congress in Copenhagen. In addition, we have conducted training for our direct sales offices in Europe and Australia.”


The following information was filed by Cynosure Inc (CYNO) on Tuesday, October 27, 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)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Acquisitions - 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)
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 - 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 (property And Equipment Only) By Geographic Area (detail)
Segment Information - Schedule Of Total Assets By Geographic Area (detail)
Segment Information - Schedule Of Total Revenue 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 Change In Product Warranty Accrual (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: 0001193125-15-370071
Submitted to the SEC: Fri Nov 06 2015 3:38:27 PM EST
Accepted by the SEC: Fri Nov 06 2015
Period: Wednesday, September 30, 2015
Industry: Electromedical And Electrotherapeutic Apparatus

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