Candela reports increase in third quarter profits.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)--May 6, 1996--Candela Corp. (CLZR) announced today its third fiscal quarter ending March 30, 1996. Revenue for the quarter was $7.0 million vs. $7.1 million for the same quarter one year ago. Net income for the period was $254,000 vs. $11,000 for the same period last year. Earnings per share were $.05 vs. $.00 for the same period last year. For the nine months ending March 30, 1996, the company had revenue of $19,838,000 vs. $19,060,000 for the same period a year ago. Net income was $542,000 vs. a loss of $1,949,000 one year ago. 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, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We are delighted that we have significantly increased our third quarter profits over the last year with essentially the same revenue." Puorro continued, "I am also pleased to report that the initial shipments of our new ScleroLaser ScleroLaser™ Vascular disease A laser for treating telangiectasia/veins of the leg instead of sclerotherapy occurred in the quarter. This product, which treats leg spider veins, a condition that exists in over 45 percent of the U.S. population, has been enthusiastically received in the marketplace, and we are increasing production to meet an anticipated increase in demand." 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. ., headquartered in Wayland, Mass., is a leader in the design, development, manufacture and sale of laser systems for medical and scientific applications.
Candela Laser Corp. (CLZR)
(in thousands except per share data)
(unaudited)
Three months ended Nine months ended
March 30, April 1, March 30, April 1,
1996 1995 1996 1995
Revenue $7,002 $7,103 $19,839 $19,060 Cost of sales 3,907 3,464 11,182 10,818 Gross profit 3,095 3,639 8,657 8,242 Operating expenses: Research and development 390 1,289 1,137 3,190 Selling, general and administrative 2,396 2,348 6,550 7,101 Total operating expenses 2,786 3,637 7,687 10,291 Income (loss) from operations 309 2 970 (2,049) Other income (expense): Interest income 17 12 65 47 Interest expense (8) (11) (28) (28) Other 6 108 (145) 181 Total other income (expense) 15 109 (108) 200 Income (loss) before income taxes 324 111 862 (1,849) Provision for income taxes 70 100 320 100 Net income (loss) $254 $11 $542 ($1,949) Net income (loss) per share $0.05 $0.00 $0.10 ($0.37) Weighted average number of common and common equivalent shares outstanding 5,578 5,232 5,460 5,227 CONTACT: Candela Corp., Wayland 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 J. Olsen Olsen may refer to:
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