Candela reports first quarter results.WAYLAND Wayland, town (1990 pop. 11,874), Middlesex co., E Mass., W of Boston; settled c.1638, inc. 1835. Electronic and chemical research is carried on there. , Mass.--(BUSINESS WIRE)--Nov. 1, 1995--Candela Laser Corp. (CLZR) announced today that its first fiscal quarter was a significant improvement over the same quarter one year earlier. The company reported revenue of $5,575,000 versus $5,470,000 one year ago. Profit from operations for the first quarter of fiscal 1996 was $10,000 versus a loss in the first quarter of the previous year of $1,346,000. Net loss for the quarter was $93,000, or $.02 per share versus a net loss of $1,280,000, or $.25 per share for the same period in fiscal 1995. President and Chief Executive Officer, Gerard Gerard is a male forename of Germanic origin, variations of which exist in many Germanic and Romance languages. The name derives from Old Germanic 'ger' ('spear') and 'hard' ('hard/strong/brave'). Its meaning is 'strong/brave with the spear'. E. Puorro, stated, "We are pleased that higher factory margins from product mix and substantially lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. have allowed us to essentially break-even. Our first quarter is always our lowest revenue producer, and we are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that in each of this fiscal year's remaining quarters we will maintain our traditional pattern of growth over the first quarter.
Candela Laser Corp. (CLZR)
(in thousands except per share data)
(unaudited)
For the three months ended
Sept. 30, Oct. 31,
1995 1994
Revenue $5,575 $5,470 Cost of sales 3,329 3,458 Gross profit 2,246 2,012 Operating expenses: Research and development 374 1,004 Selling, general and administrative 1,862 2,354 Total operating expenses 2,236 3,358 Income (loss) from operations 10 (1,346) Other income (expense): Interest income 27 20 Interest expense (10) (8) Other (120) 54 Total other income (expense) (103) 66 Loss before income taxes (93) (1,280) Provision for income taxes -- -- Net loss ($93) ($1,280) Net loss per share ($0.02) ($0.25) Weighted average number of common and common equivalent shares outstanding 5,239 5,224 CONTACT: Candela Corp Candela Laser Corporation (NASDAQ: CLZR) is an American laser company that develops and sells medical lasers for cosmetic use located in Wayland, Massachusetts. History Candela Laser Corporation was founded in 1970. . Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Olsen Olsen may refer to:
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