nlightn
14 years ago
Palomar Medical Presents New Acne Product at the American Academy of Dermatology Annual Meeting
February 4, 2011, 10:51 am EST
BURLINGTON, Mass., Feb. 4, 2011 (GLOBE NEWSWIRE) -- Palomar Medical Technologies, Inc. (Nasdaq:PMTI - News), a leading researcher and developer of light-based systems for cosmetic treatments, announced today the launch of the Acleara(TM) acne clearing system at the 69th Annual Meeting of the American Academy of Dermatology (AAD) in New Orleans, Louisiana, from February 5th through February 7th.
The Acleara acne clearing system uses broad band light and suction to treat mild to moderate acne including acne vulgaris, comedonal and pustular acne. With the Acleara system, practitioners can treat a full face in less than 15 minutes with no numbing or cooling gels and no anesthetic costs.
Acleara provides deep cleaning of pores by extracting accumulated sebaceous material, and provides targeted heating of sebaceous glands. The light activates endogenous porphyrins to destroy P. acnes and reduces sebum production through photodynamic action.
According to Dr. Robert Berger, a practicing Dermatologist from Waldorf, MD and an Associate Professor of Dermatology from Johns Hopkins School of Medicine, regarding the Acleara system, "I have performed over 15,000 treatments over 5 years using a number of different technologies to treat acne. The Acleara system has proven more effective, less painful and it delivers superior results as compared to any previous technologies I have tried in treating active acne."
Joseph P. Caruso, Chief Executive Officer, commented, "We are very excited about this product launch. It is a fantastic addition to our robust family of products and allows us to address the enormous acne market. The American Academy of Dermatology reports that Acne vulgaris is the most common skin condition in the United States. Up to 50 million Americans have acne and 85 percent of all U.S. teenagers have acne. The Acleara system offers physicians advanced technology to both deep clean and treat the skin."
Mr. Caruso continued, "Many who suffer from acne cannot tolerate or do not want to have their acne treated by drugs. The Acleara system is an excellent alternative for consumers and physicians alike."
Attendees at the AAD Annual Meeting in New Orleans can learn about the Acleara acne clearing system at Palomar's exhibition hall booth, #811.
About Palomar Medical Technologies Inc: Palomar designs, produces and sells the most advanced cosmetic lasers and intense pulsed light (IPL) systems to dramatically improve the appearance of women's and men's skin. For over 15 years, Palomar has pioneered the science of using lasers and light to improve appearances. As the industry's technology leader, Palomar has invested in creating cosmetic laser and IPL systems that put real value in the hands of physicians and other professionals to benefit consumers. Thousands of physicians worldwide trust and depend on Palomar technology to not only introduce new aesthetic treatments such as advanced laser hair removal, laser liposuction, skin resurfacing, acne, laser treatments for scars, wrinkle treatment, stretch marks (striae), and photofacials for pigmented and vascular lesions, but to also make them robust, faster, more powerful, and more comfortable for those being treated. In June 2009, Palomar became the first company to receive a 510(k) over-the-counter ("OTC") clearance from the FDA for a new, patented, home-use, laser device for the treatment of fine lines and wrinkles around the eyes (periorbital wrinkles). This OTC clearance allows Palomar to market and sell the PaloVia(TM) Skin Renewing Laser(TM) directly to consumers without a prescription.
For more information on Palomar and its products, visit Palomar's website at palomarmedical.com or palovia.com. To continue receiving the most up-to-date information and latest news on Palomar as it happens, sign up to receive automatic e-mail alerts by going to the Investor Relations' section of palomarmedical.com.
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements, including, but not limited to, statements relating to new markets, future royalty amounts due from third parties, development and introduction of new products, and financial and operating projections. These forward-looking statements are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements. These risk factors include, but are not limited to, results of future operations, technological difficulties in developing or introducing new products, the results of future research, lack of product demand and market acceptance for current and future products, the effect of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2009 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Kerry McAnistan
Investor Relations Assistant
Palomar Medical Technologies, Inc.
781-993-2411
ir@palomarmedical.com
http://finance.yahoo.com/news/Palomar-Medical-Presents-New-pz-913693199.html?x=0&.v=1
nlightn
14 years ago
Introducing the PaloVia(TM) Skin Renewing Laser(TM) From Palomar Medical Technologies, Inc.
GlobeNewswire
Dec. 15, 2010
Palomar Medical Technologies, Inc. (PMTI) , a leading researcher and developer of light-based systems for cosmetic treatments, today announced the launch of the first FDA-cleared, at-home laser clinically proven to reduce fine lines and wrinkles around the eyes -- the PaloVia Skin Renewing Laser. The First FDA-Cleared, At-Home Laser Clinically Proven to Reduce Fine Lines and Wrinkles Around the Eyes
Palomar will host an analyst and investor meeting to discuss its launch plans in New York City on January 6, 2011 from 10AM to 12PM at the Nasdaq MarketSite, 4 Times Square, second floor Press Conference Room. Attendees from Palomar will be Joseph Caruso, Chief Executive Officer; Paul Weiner, Chief Financial Officer; Nancy Teumer, Global Marketing Director Consumer Products; David Montgomery, Consumer Products Sales Director; and Richard Bankowski, Field Clinical Director and QVC Spokesperson. Also in attendance will be one of Palomar's PaloVia Expert Panel Members Dr. Robert Weiss, Director, Maryland Laser, Skin & Vein Institute. For analysts and investors that are not able to attend the PaloVia launch meeting in New York City, the meeting will also be accessible via webcast in the About Palomar/Investors section of Palomar's website at palomarmedical.com.
As an industry leader and pioneer in the science of using lasers and light to improve personal appearance, Palomar's patented fractional technology has been proven by dermatologists worldwide for more than a decade. Now, for the first time ever, this same technology has been adapted and perfected for use at home, delivering a visible improvement in fine lines and wrinkles. In a clinical study, a panel of doctors specializing in dermatology and plastic surgery saw a noticeable reduction in wrinkles in 92% of participants after one month of daily treatments.
"The PaloVia Skin Renewing Laser is the result of years of comprehensive research and development and the beginning of what we expect will be a new era in delivering convenient light-based technology treatments for people to use in the privacy and comfort of their own homes," said Joseph P. Caruso, Chief Executive Officer, Palomar Medical Technologies, Inc. "We are thrilled to offer our first-to-market, FDA-cleared laser to consumers who can now experience the clinically proven benefits of laser skin treatments, on their own terms at home."
Unlike lotions and creams, which are most effective on the skin's outer layer, the PaloVia laser also works below the surface where wrinkles form. It generates pulses of micro-fine laser light that reach deeply into the skin's sub-layers, treating the skin's aging support structure. Then the body's natural healing process sweeps away the older, damaged tissue and rebuilds it with fresh, new collagen and elastin -- the crucial building blocks of smooth, youthful skin.
"The PaloVia Skin Renewing Laser uses a technology that works from a company I've trusted for years to help me deliver the best results for my patients," said Dr. Robert Weiss, Director, Maryland Laser, Skin & Vein Institute. "For consumers who want to treat fine lines and wrinkles around their eyes, I strongly recommend the PaloVia laser as a worthwhile addition to a proactive skincare regimen."
The PaloVia laser is available now for advanced sale though QVC online and will debut on the QVC television program PM Style with Lisa Robertson on December 27 at 7:00PM. The palovia.com website will also go live on December 27 and the PaloVia laser will start shipping to consumers in the middle of January. Distribution will be expanded in January to include Nordstrom, with physicians' offices and additional retailers coming on board throughout the first few months of 2011. The product has a suggested retail price of $499 and comes with a 60-day money back guarantee.
About Palomar Medical Technologies, Inc.: Palomar Medical Technologies (PMTI) designs, produces and sells the most advanced cosmetic lasers and intense pulsed light (IPL) systems to dramatically improve the appearance of women's and men's skin. For over 15 years, Palomar has pioneered the science of using lasers and light to improve appearances. As the industry's technology leader, Palomar has invested in creating cosmetic laser and IPL systems that put real value in the hands of physicians and other professionals to benefit consumers. Thousands of physicians worldwide trust and depend on Palomar technology to not only introduce new aesthetic treatments such as advanced laser hair removal, laser liposuction, skin resurfacing, acne, laser treatments for scars, wrinkle treatment, stretch marks (striae), and photofacials for pigmented and vascular lesions, but to also make them robust, faster, more powerful, and more comfortable for those being treated. In June 2009, Palomar became the first company to receive a 510(k) OTC clearance from the FDA for a new, patented, home-use, laser device for the treatment of fine lines and wrinkles around the eyes (periorbital wrinkles). OTC clearance allows these products to be marketed and sold directly to consumers without a prescription.
For more information on Palomar and its professional products, visit the company's website at palomarmedical.com. To continue receiving the most up-to-date information and latest news on Palomar as it happens, sign up to receive automatic e-mail alerts by going to the About Palomar/Investors section of the website.
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements, including, but not limited to, statements relating to new markets and the development and introduction of new products, and financial and operating projections. These forward-looking statements are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements. These risk factors include, but are not limited to, results of future operations, technological difficulties in developing or introducing new products, the results of future research, lack of product demand and market acceptance for current and future products, the effect of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2009 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Palomar Medical Technologies, Inc.
CONTACT: Palomar Medical Technologies, Inc.
Investor/Financial Contact:
Kerry McAnistan, Investor Relations Assistant
781-993-2411
ir@palomarmedical.com
Bratskeir & Company
Consumer Media Contact:
Lauren Glicken O'Leary
lgoleary@bratskeir.com
Rebecca Levitt
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212-679-2233
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
nlightn
14 years ago
Palomar and P&G Amend License Agreement to Support Successful Product Launch
GlobeNewsWire
Dec. 10, 2010
BURLINGTON, Mass., Dec. 9, 2010 (GLOBE NEWSWIRE) -- Palomar Medical Technologies, Inc. (Nasdaq:PMTI - News), a leading researcher and developer of light-based systems for cosmetic treatments, today announced that it has entered into an amendment to its non-exclusive License Agreement executed February 29, 2008 (retroactively effective as of February 14, 2003) with The Procter & Gamble Company (NYSE:PG - News). The amendment provides additional funding from each company to meet the common goal of a successful product launch. The amendment does not change the scope of P&G's non-exclusive license to Palomar's broad patent portfolio as well as its non-exclusive license to the extensive technology developed by Palomar prior to February 28, 2008 for home-use light-based hair removal devices for women.
Under the amended License Agreement, P&G and Palomar have agreed to reduce pre-commercial launch calendar quarterly payments from $1.25 million to $1 million for the calendar quarter ending December 31, 2010 and thereafter to $2 million per year for an agreed period, after which the payments return to $1.25 million per calendar quarter if no product has been launched. P&G will apply the savings, together with agreed minimum overall program funding, to accelerating product readiness and commercialization while Palomar will be paid an increased percentage of sales after commercial launch.
P&G's Vice President of New Business Creation Jennifer Dauer said, "We have been actively working on development of this product and are pleased with our progress to date. This amendment better balances short and long term financial compensation to enable our mutual objective of successfully getting this technology to market."
Commenting on this development, Palomar Chief Executive Officer Joseph P. Caruso said, "Together the companies have each agreed to invest more to put this product in consumers' hands as early as possible. We are trading some of our fixed short-term pre-commercial launch calendar quarterly payments for an increase in sales related payments post launch that we believe will provide us greater benefit in the long run."
For more information, please see the Amendment filed as Exhibit 10.1 to a Current Report on Form 8-K filed today and the non-exclusive License Agreement filed as Exhibit 10.1 to a Current Report on Form 8-K filed March 3, 2008.
About Palomar Medical Technologies Inc.: Palomar is a leading researcher and developer of light-based systems for cosmetic treatments. Palomar pioneered the optical hair removal field, when, in 1997, it introduced the first high-powered laser hair removal system. Since then, many of the major advances in light-based hair removal have been based on Palomar technology. In December 2006, Palomar became the first company to receive a 510(k) over-the-counter (OTC) clearance from the United States Food and Drug Administration (FDA) for a new, patented, home-use, light-based hair removal device. In June 2009, Palomar became the first company to receive a 510(k) OTC clearance from the FDA for a new, patented, home-use, laser device for the treatment of periorbital wrinkles. OTC clearance allows these products to be marketed and sold directly to consumers without a prescription. There are now millions of light-based cosmetic procedures performed around the world every year in physician offices, clinics, spas and salons. Palomar is testing many new and exciting applications to further advance the hair removal market and other cosmetic applications. Palomar is focused on developing proprietary light-based technology for introduction to the mass markets.
For more information on Palomar and its products, visit Palomar's website at www.palomarmedical.com. To continue receiving the most up-to-date information and latest news on Palomar as it happens, sign up to receive automatic e-mail alerts by going to the About Palomar/Investors section of the website.
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements, including, but not limited to, statements relating to new markets, future royalty amounts due from third parties, development and introduction of new products, and financial and operating projections. These forward-looking statements are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements. These risk factors include, but are not limited to, results of future operations, technological difficulties in developing or introducing new products, the results of future research, lack of product demand and market acceptance for current and future products, the effect of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2009 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Palomar Medical Technologies, Inc.
Kerry McAnistan, Investor Relations Assistant
781-993-2411
ir@palomarmedical.com
http://finance.yahoo.com/news/Palomar-and-PG-Amend-License-pz-2008654336.html?x=0
nlightn
14 years ago
Palomar Medical Reports Financial Results for Third Quarter 2010
Palomar Medical Technologies (MM) (NASDAQ:PMTI)
Palomar Medical Technologies, Inc. (Nasdaq:PMTI), a leading researcher and developer of light-based systems for cosmetic treatments, today announced financial results for the third quarter ended September 30, 2010. Revenues for the quarter ended September 30, 2010 increased to $15.8 million, as compared to $14.5 million reported in the third quarter of 2009. Product and service revenues increased to $13.0 million, a 16 percent increase over the $11.2 million reported in the third quarter of 2009. Third quarter gross margin from product and service revenues was 60 percent, an increase over the 57 percent reported in the third quarter of 2009. Loss before income taxes for the third quarter ended September 30, 2010 was $2.0 million, which included a $1.5 million patent litigation expense and a $0.9 million non-cash stock-based compensation expense. Loss before income taxes for the third quarter ended September 30, 2009 was $0.2 million, which included a $100,000 patent litigation expense and a $1.0 million non-cash stock-based compensation expense. The Company reported net loss of $2.0 million, or $0.11 per share for the third quarter of 2010 and $0.3 million for the third quarter of 2009. The balance sheet continues to be strong with $102.8 million in cash, cash equivalents, short-term investments and marketable securities with no borrowings.
Chief Executive Officer Joseph P. Caruso commented, "Given the current economic climate, we are happy with the progress we are making, especially the trends experienced in the last few quarters. Our 23% increase in product revenues this quarter as compared to the same quarter last year is gratifying as this is the fourth consecutive quarter of growth and the largest percentage growth year over year in the last three years. Prices are stable and gross margins remain strong throughout the world. Our gross margin this quarter was a big improvement over the same time last year. Our efforts over the past two years to increase our international distribution are also paying off with 48% of total product and service revenues coming from outside North America. Our product portfolio and platform approach gives us the flexibility to adjust our business to meet the challenges in today's economy. Our sales and distribution network configure technology solutions to fit physicians' sites throughout the world in response to the particular economic pressure they are experiencing. We have also had great success with shifting our business model from principally one-time capital equipment sales to include recurring sources. This quarter, 41% of our revenue was generated from recurring sources."
Mr. Caruso continued, "We continue to invest in our consumer products initiative. Our branding and packaging are complete and we are building inventory to support a planned launch early next year. This is a new and exciting challenge for us representing a great opportunity to grow the business in the future."
Conference Call: As previously announced, Palomar will conduct a conference call and webcast today at 11:30 AM Eastern Time. Management will discuss financial results and strategic matters. If you would like to participate, please call (866) 800-8651 or listen to the webcast in the About Palomar/Investors section of the Company's website at www.palomarmedical.com. A webcast replay will also be available.
About Palomar Medical Technologies Inc: Palomar is a leading researcher and developer of light-based systems for cosmetic treatments. Palomar pioneered the optical hair removal field, when, in 1997, it introduced the first high-powered laser hair removal system. Since then, many of the major advances in light-based cosmetic treatments have been based on Palomar technology. In December 2006, Palomar became the first company to receive a 510(k) over-the-counter (OTC) clearance from the United States Food and Drug Administration (FDA) for a new, patented, home-use, light-based hair removal device. In June 2009, Palomar became the first company to receive a 510(k) OTC clearance from the FDA for a new, patented, home-use, laser device for the treatment of periorbital wrinkles. OTC clearance allows the product to be marketed and sold directly to consumers without a prescription. There are now millions of light-based cosmetic procedures performed around the world every year in physician offices, clinics, spas and salons. Palomar is testing many new and exciting applications to further advance the hair removal market and other cosmetic applications. Palomar is focused on developing proprietary light-based technology for introduction to the mass markets.
For more information on Palomar and its products, visit Palomar's website at www.palomarmedical.com. To continue receiving the most up-to-date information and latest news on Palomar as it happens, sign up to receive automatic e-mail alerts by going to the About Palomar/Investors section of the website.
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements, including, but not limited to, statements relating to new markets, future royalty amounts due from third parties, development and introduction of new products, and financial and operating projections. These forward-looking statements are neither promises nor guarantees, but involve risk and uncertainties that may individually or mutually impact the matters herein, and cause actual results, events and performance to differ materially from such forward-looking statements. These risk factors include, but are not limited to, results of future operations, technological difficulties in developing or introducing new products, the results of future research, lack of product demand and market acceptance for current and future products, the effect of economic conditions, challenges in managing joint ventures and research with third parties and government contracts, the impact of competitive products and pricing, governmental regulations with respect to medical devices, including whether FDA clearance will be obtained for future products and additional applications, the results of litigation, difficulties in collecting royalties, potential infringement of third-party intellectual property rights, factors affecting the Company's future income and resulting ability to utilize its NOLs, and/or other factors, which are detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2009 and the Company's quarterly reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Palomar Financial Summary:
Consolidated Statements of Operations (Unaudited)
Three Months Ended
September 30, Nine Months Ended
September 30,
2010 2009 2010 2009
Revenues:
Product revenues $9,273,158 $7,528,645 $27,655,391 $23,939,493
Service revenues 3,749,164 3,700,511 11,512,299 10,884,073
Royalty revenues 1,499,182 1,264,022 4,444,327 4,032,039
Funded product development revenues -- 806,482 -- 1,636,082
Other revenues 1,250,000 1,250,000 3,750,000 3,750,000
Total revenues 15,771,504 14,549,660 47,362,017 44,241,687
Costs and expenses:
Cost of product revenues 3,781,473 2,873,956 10,583,241 9,849,383
Cost of service revenues 1,367,316 1,901,303 4,320,439 5,417,280
Cost of royalty revenues 599,673 505,609 1,777,731 1,612,816
Research and development 3,545,622 3,305,311 11,320,691 10,125,279
Selling and marketing 4,663,632 4,062,930 14,408,442 13,464,732
General and administrative 4,267,535 2,451,496 11,579,566 7,566,053
Total costs and expenses 18,225,251 15,100,605 53,990,110 48,035,543
Loss from operations (2,453,747) (550,945) (6,628,093) (3,793,856)
Interest income 108,630 218,169 309,747 551,817
Other income 390,784 156,941 212,922 506,761
Loss before income taxes (1,954,333) (175,835) (6,105,424) (2,735,278)
Provision for (benefit from) income taxes 69,454 120,752 117,456 (780,319)
Net loss $(2,023,787) $(296,587) $(6,222,880) $(1,954,959)
Net loss per share:
Basic $(0.11) $(0.02) $(0.34) $(0.11)
Diluted $(0.11) $(0.02) $(0.34) $(0.11)
Weighted average shares outstanding:
Basic 18,561,877 18,065,655 18,539,847 18,058,246
Diluted 18,561,877 18,065,655 18,539,847 18,058,246
Consolidated Balance Sheets (Unaudited)
September 30,
2010 December 31,
2009
Assets
Current assets:
Cash and cash equivalents $76,623,685 $81,948,482
Short-term investments 1,999,675 25,000,000
Total cash, cash equivalents and short-term investments 78,623,360 106,948,482
Accounts receivable, net 5,035,232 4,436,219
Inventories 12,218,475 11,126,352
Other current assets 1,783,674 2,179,233
Total current assets 97,660,741 124,690,286
Marketable securities, at estimated fair value 24,129,348 4,024,313
Property and equipment, net 37,271,766 34,629,410
Other assets 218,716 126,087
Total assets $159,280,571 $163,470,096
Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable $3,326,847 $2,696,217
Accrued liabilities 9,245,816 8,959,679
Deferred revenue 3,793,124 5,221,924
Total current liabilities 16,365,787 16,877,820
Accrued income taxes 2,788,802 2,965,077
Total liabilities $19,154,589 $19,842,897
Stockholders' equity:
Preferred stock, $.01 par value--
Authorized - 1,500,000 shares
Issued -- none -- --
Common stock, $.01 par value--
Authorized - 45,000,000 shares
Issued β 18,573,262 and 18,521,045 shares, respectively 185,733 185,211
Additional paid-in capital 209,629,876 206,740,492
Accumulated other comprehensive loss (460,540) (292,297)
Accumulated deficit (69,229,087) (63,006,207)
Total stockholders' equity $140,125,982 $143,627,199
Total liabilities and stockholders' equity $159,280,571 $163,470,096
CONTACT: Palomar Medical Technologies, Inc.
Kerry McAnistan, Investor Relations Assistant
781-993-2411
ir@palomarmedical.com