BRISBANE, Calif., Feb. 11, 2013 (GLOBE NEWSWIRE) -- Cutera, Inc. (Nasdaq:CUTR), a leading provider of laser and other energy-based aesthetic systems for practitioners worldwide, today reported financial results for the fourth quarter ended December 31, 2012. Key financial highlights for the fourth quarter of 2012 were as follows:
- Revenue grew 22% to $22.5 million, compared to Q4'11, and was driven primarily by truSculpt and ExcelV products.
- Gross margin improved sequentially from 55% in Q3'12 to 57% in Q4'12.
- Company returned to profitability and generated net income of $1.1 million, or $0.08 per diluted share, which included $1.2 million of non-cash stock-based compensation, amortization of intangibles, and depreciation.
- Cash and marketable securities increased $4.4 million in the quarter, to $85.6 million.