Syneron Medical (ELOS) Preliminary Q4 Revenue Tops Views

Syneron Medical Ltd. (NASDAQ: ELOS), a leading global aesthetic device company, today provided preliminary unaudited fourth quarter 2015 revenue results in conjunction with planned meetings January 11-14 surrounding the annual J.P. Morgan Healthcare Conference in San Francisco. Total revenue for the fourth quarter 2015 is expected to be in the range of $78 to $79 million, compared to $74.1 million in the fourth quarter 2014, up approximately 5% to 7% year-over-year, or approximately 9% to 10% in constant currency.

(Street sees Q4 revenue of $74.81 million)

Amit Meridor, Chief Executive Officer of Syneron, said, "Our anticipated record fourth quarter topline performance was driven by the ongoing launches of UltraShape, PicoWay, and Profound. This contributed to growth in excess of 20% in North American product sales during the fourth quarter as compared to the prior year period. Fourth quarter revenue includes $1.6 million from a settlement with an OEM customer of our CoolTouch subsidiary related to the discontinuation of their contract following a change in ownership."

The financial estimates presented above are preliminary and remain subject to management's final review as well as audit by the Company's independent registered accounting firm. The Company intends to report complete fourth quarter and full year 2015 financial results in February. Details regarding the timing of the release of those results, as well as details of a conference call and publicly available webcast, will be announced in a subsequent press release.

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• UBS Reiterates Neutral Rating on Clorox (CLX) as External Challenges Persist
• United Community Banks sells equipment finance unit for $1.9 billion