October 22, 2008
Candela Slips Into Q1 Deficit
By Matthew L. Brown
Wayland cosmetic laser maker Candela Corp. reported a first quarter loss of $4 million on revenue of $26.9 million.
For the same quarter last fiscal year, the company reported a profit of $187,000 on revenue of $35.5 million. The company reported that revenue from this country fell to $8.9 million during the quarter from $16.7 million in the same period a year ago.
The company also reported a $7.2 million loss from operations compared to a $748,000 operational loss for the first quarter of last year.
First quarter inventory grew to $35.1 million from $33.1 million a year ago and cash available to the company slipped from $12.1 million to $8.2 million during the same period.
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