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March 2017
February 2017
February 2017
February 2017
January 2017
December 2016
October 2016
October 2016
September 2016
July 2016
Exhibit 99.1
Cynosure Achieves Record Quarterly Revenue of $122.1 Million in
the Fourth Quarter of 2016, Up 19 Percent Year-over-Year
Fourth-Quarter 2016 Highlights:
| North American product revenue up 24 percent to $69.5 million |
| International product revenue up 12 percent to $33.2 million |
| GAAP earnings of $0.09 per diluted share includes $7.2 million charge related to previously disclosed TCPA litigation settlement agreement |
| Non-GAAP earnings of $0.44 per diluted share |
| Cash and investments of $237.8 million at December 31, 2016 |
Full-Year 2016 Highlights:
| Record annual revenue of $433.5 million, up 28 percent year-over-year |
| GAAP earnings of $0.65 per diluted share includes $7.2 million charge related to previously disclosed TCPA litigation settlement agreement |
| Non-GAAP earnings of $1.28 per diluted share |
| Cash flow from operations of $45.0 million |
Westford, MA, February 7, 2017 Cynosure, Inc. (Nasdaq: CYNO) today reported fourth-quarter and full-year 2016 financial results.
Michael Davin, Cynosure President and CEO, said, We capped an outstanding year with a strong fourth quarter, as revenue increased 19 percent year-over-year to a quarterly record $122.1 million. The fourth quarter of 2016 marked our 28th consecutive quarter of year-over-year top-line growth, an accomplishment that demonstrates the enduring strength and consistent quality of our product portfolio. We continue to lead the aesthetic device industry by focusing on innovation, execution and growth. The 23 percent compound annual top-line growth weve achieved over the past five years reflects our ability to cultivate the right organic opportunities, make disciplined strategic investments and maintain a solid financial model.
Davin added, SculpSure®, our unique laser treatment for non-invasive fat destruction, continues to outpace expectations. In the fourth quarter of 2016, we placed the highest number of SculpSure units in a quarter since we launched the device in late 2015. MonaLisa Touch®, our first aesthetic laser product for womens health, also performed well, recording the second-highest unit placements in a quarter in its history. More than 70 percent of SculpSure sales in the quarter came from the non-core physician market. Bundled sales of multiple products increased to 31 percent of revenues during the
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Cynosure Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
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Cynosure Inc provided additional information to their SEC Filing as exhibits
Ticker: CYNO
CIK: 885306
Form Type: 10-K Annual Report
Accession Number: 0001193125-17-062692
Submitted to the SEC: Tue Feb 28 2017 5:20:21 PM EST
Accepted by the SEC: Tue Feb 28 2017
Period: Saturday, December 31, 2016
Industry: Electromedical And Electrotherapeutic Apparatus