BIOLASE Reports Second Quarter, Six-Month Results

07.08.08 - 22:44 ... source : Biolase Technology

... Times New RomanTimes New RomanTimes New Roman NEWS RELEASE for August 7, 2008 BIOLASE REPORTS SECOND Q UARTER, SIX-MONTH RESULTS Second Consecutive Quarter of Profitability IRVINE, CA (August 7, 2008 ) - BIOLASE Technology, Inc. (NASDAQ:BLTI ), the world's leading dental laser company, today reported operating results for its second quarter and first six months ended June 30, 2008. Net revenue for this year's second quarter and first six months was $18.7 million and $37.7 million, respectively, up from $18.2 million and $33.2 million in the respective prior year periods. Gross profit for the second quarter and first six months of 2008 increased $97,000 and $1.5 million, respectively. Gross margin as a percentage of sales decreased to 54 percent and 52 percent of net revenue as compar ed with 55 percent of net revenue for both the second quarter and first six months of 2007. Operating expenses in this year's second quarter and first six months were $9.7 million and $19.9 mil ...» Next (PDF)