Candela Corporation (NASDAQ:CLZR) today reported that revenues for the quarter ended June 27, 2009 were $31.4 million. Income from continuing operations, including non-cash expenses of $1.5 million, was $380,000 or $0.02 per share on a fully-diluted basis. Income from discontinued operations, net of income taxes, was $6,758,000 or $0.29 per share on a fully-diluted basis. Net income for the quarter was $7,138,000 or $0.31 per share on a fully-diluted basis.
For the full year, the Company reported revenues of $116.6 million. Loss from continuing operations was $10.6 million or $0.47 per share. Loss from discontinued operations was $11.7 million or $0.51 per share. Net loss for the full year was $22.3 million or $0.98 per share.
Gerard E. Puorro, President and Chief Executive Officer, commented: “This is the third consecutive quarter of modest growth at the top line. Our expense structure is stable and we continue to look forward to enhanced factory margins. For the quarter, we were also cash positive.” Puorro continued: “Our strong distribution channels and expansive product portfolio position us well for the eventual favorable turn in the world economy. In the interim, we will continue to research and develop new products and applications that meet the needs of our customers.”
Conference Call Details
The Company will host a conference call today at 5:00 p.m. (EDT) to discuss this announcement. The call can be accessed live by dialing (866) 244-4518 or by visiting Candela Corporation’s website at www.candelalaser.com
Investors may access a replay by dialing (888) 266-2081, passcode 1387359, which will be available from 7:30 p.m. (EDT) on August 18, 2009 through 11:30 p.m. (EDT) on August 21, 2009. The webcast replay will also be archived in the "Investor Relations" section of the company's website.