August 19, 2009
Candela Turns Profit In Q4
By Matthew L. Brown
Wayland-based laser maker Candela Corp. said it made a $7.1 million profit on $31.4 million in revenue in its fourth quarter.
In the same period a year ago, the company reported a $2.7 million loss and revenue of $37.4 million. Over the same period, the company's loss from operations fell from $5.2 million to $492,000.
For the full fiscal year, the company posted a $10.6 million loss on revenue of $116.6 million.
The company said its strong distribution channels and product lineup position it well for an eventual economic upswing.
Candela makes lasers used in cosmetic and other medical procedures.
WBJ Web Partners
Most Recent
Most Recent
0 Comments