Posted on 10/02/2010 in Medical Company Financials Cynosure this week published its financial results for the final quarter and full year 2009.
The group's data showed that it saw revenues for the three months ended December 31st reach $19.3 million (12.27 million pounds).
Gross profit for the fourth quarter of 2009 was 43.9 per cent of the organisation's total revenues, compared with 60.5 per cent for the same period of 2008.
Revenues for the full year stood at $72.8 million, while gross profit for the period was reported to be 54.9 per cent of total revenues.
Cynosure's president and chief executive officer Michael Davin said that a lack of credit and demand for aesthetic laser industry services has presented challenges for the company.
"We see good participation in our workshops, forums and other training venues, so we are confident that the underlying demand is strong," he assured.
Meanwhile, Cynosure's classic Elite laser was applauded last November for its ability to cater to the needs of those with darker skin types, as the firm launched its Elite MPX laser product. Other news stories from 10/02/2010
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