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Syneron Medical's CEO Hosts Investor Meeting Conference (Transcript)

Looking at the first quarter, we are coming off the significant first quarter, very successful from the standpoint, the year-over-year revenue growth our revenues were a record for the industry, record for Syneron of $62.7 million up 26% year-over-year. and please keep in mind, we’re the largest company, so the percentages are very, very meaningful and also we’re coming from some very significant numbers in 2011. So we continue to grow, we continue to outperform the competition, our international revenue was up 24% and Syneron North American revenue was up 30%, both very good signs for the company’s performance, we have significant cross-selling revenues or cross-training since the acquisition of Candela and some of the other acquisitions that we’ve done really is starting to gain some traction and the other number that I think it’s very, very meaningful as we look to improve our operating margin is the recurring revenue, which last quarter was 31%.

Our gross margins are basically flat at 53.5% down slightly from year-over-year. our operating profit of the aesthetic units of business has been profitable for the last five quarters. It was 4.6% or 8%, and we continue to invest in the EDU, a very exciting opportunity for growth again with many more details that will follow this afternoon. And the emerging business units again had a record quarter, where 10% of our revenues up 111% year-over-year, $6.1 million were contributed by the EDU primarily by Syneron Beauty in the segment.

Our net income was $0.6 million, $0.02 per share versus basically the same last year at $0.01, slightly over the previous year at $0.01 per share. So as I summarized the brief overview, I know many of the people here in the room, we have frequent discussions. I think today we used the day to be as interactive as possible, ask questions that you’ve had on your mind related to the company’s growth, different segments of the business that are new, I think when we acquired UltraShape, we made the announcement, we saw some major interests, but the actual impact and the growth opportunity for the company.

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