BIOLASE Expects to Report Positive Cash Flow From Operations for Q4 2012
January 22 2013 - 8:30AM
Marketwired
BIOLASE, Inc. (NASDAQ: BIOL), the world's leading dental laser
manufacturer and distributor, announced today that based on
preliminary unaudited financial results, the Company expects to
report that it generated positive cash flow from operations for Q4
2012.
"We are pleased with our preliminary unaudited financial results
for Q4 2012. It is rewarding to see that our restructuring efforts
over the past two years have enabled us to turn the Company around
and that we are making significant progress toward achieving our
financial goals," said Federico Pignatelli, Chairman and CEO. "The
trends we are seeing in the adoption of dental lasers also give us
confidence in achieving continued double-digit growth of our core
dental franchise. Based on our current plans, we expect the Company
will continue to generate positive cash flow from operations for
the overall year ending December 31, 2013."
About BIOLASE, Inc. BIOLASE, Inc. is a biomedical company that
develops, manufactures and markets dental lasers and also
distributes and markets dental imaging equipment; products that are
focused on technologies that advance the practice of dentistry and
medicine. The Company's laser products incorporate approximately
290 patented and patent-pending technologies designed to provide
biological treatment and clinically superior performance with less
pain and faster recovery times. Its imaging products provide
cutting-edge technology at competitive prices to deliver the best
results for dentists and patients. BIOLASE's principal products are
dental laser systems that perform a broad range of dental
procedures, including cosmetic and complex surgical applications,
and a full line of dental imaging equipment and CAD/CAM systems.
BIOLASE has sold more than 21,000 lasers.
Other products under development address ophthalmology and other
medical and consumer markets.
For updates and information on WaterLase and laser dentistry,
find BIOLASE online at www.biolase.com, Facebook at
www.facebook.com/biolaseinc, Twitter at twitter.com/biolaseinc, and
YouTube at www.youtube.com/biolasevideos.
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For further information, please contact: Lisa Wilson In-Site
Communications, Inc. 212-759-3929
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