Candela Revenue, Profits Set Records

WAYLAND, Mass., Aug. 26 -- Candela Corp. announced that revenues for the fourth quarter of fiscal 1999 rose to a record $18.7 million, while earnings hit a record $3.3 million, or 50 cents per diluted share. The company posted revenues of $18,707,000 for the quarter ended July 3, 1999, an increase of 55 percent over the same quarter a year earlier. Revenues for the twelve months ended July 3, 1999, were $58,588,000, a 58 percent increase over the previous twelve-month period.
Profits for the quarter reached $3,281,000, or 50 cents per diluted share, increasing 163 percent over the 19 cents per share reported in the same quarter in 1998. Gerard E. Puorro, Candela president and CEO, noted that the quarter showed continued solid growth and market expansion for the company's laser-based dermatological products.