ZELTIQ Aesthetics (ZLTQ) Tops Q2 EPS by 20c; Raises Outlook (Halted)
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ZELTIQ Aesthetics (NASDAQ: ZLTQ) reported Q2 EPS of $0.07, $0.20 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $47.1 million versus the consensus estimate of $34.93 million.
ZELTIQ Aesthetics sees FY2014 revenue of $160-165 million, versus prior guidance of $137-140 million and the consensus of $140.1 million.
Mark Foley, President and Chief Executive Officer, said, "Our second quarter success was driven by increasing CoolSculpting momentum and awareness and can also be attributed to the sales and marketing investments we made in the first quarter, a strong trade show presence and robust customer adoption of our newest applicator, CoolSmooth". We delivered record quarterly revenue of over $47 million, or nearly 80% year-over-year growth, while also maintaining strong selling price and a 71% gross margin. In addition, we reported earnings per share of $0.07 and achieved 12% adjusted EBITDA margin. The strength in our business was well balanced across both systems and consumables, as we further expanded our installed base while also increasing our account utilization. These outstanding financial and operational results further validate the strength of our CoolSculpting platform and our strategic decision to invest in our sales and marketing initiatives that have expanded our leadership position in the large, growing and underpenetrated market for non-invasive body contouring. We remain excited about the potential in 2014 and our increased confidence has led us to significantly raise full year 2014 revenue guidance to $160 million to $165 million, or 43% to 48% year-over-year growth and to guide to a full year positive adjusted EBITDA margin."
For earnings history and earnings-related data on ZELTIQ Aesthetics (ZLTQ) click here.
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