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PhotoMedex Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: May 16, 2011 03:20PM

PhotoMedex Inc. (PHMD) filed Quarterly Report for the period ended 2011-03-31. Photomedex Inc. has a market cap of $26.37 million; its shares were traded at around $9.51 with and P/S ratio of 0.76.



Highlight of Business Operations:

For the three months ended March 31, 2011 and 2010, domestic XTRAC laser sales were $1,410,840 and $128,200, respectively. There were 29 and 4 lasers sold during these periods, respectively. We sell the laser directly to the customer for certain reasons, including the costs of logistical support and customer preference as well as a means of addressing under-performing accounts while preserving the vendor-customer relationship. We believe that we are able to reach, at reasonable margins, a sector of the laser market that is better suited to a sale model than a per-procedure, or consignment, model.

For the three months ended March 31, 2011 revenues were $1,501,856 compared to $1,244,373 in the three months ended March 31, 2010. These revenues are generated from the sale of various skin, hair care and wound products to physicians in the domestic market. We believe our skincare products are more susceptible to macro-economic conditions than our other products because cosmetic products are more likely to be discretionary and not medically necessary.

For the three months ended March 31, 2011, PTL product revenues were $276,744 compared to $240,650 in the three months ended March 31, 2010. These revenues are generated from the sale of LED devices. There were 23 LED units sold during the three months ended March 31, 2011 compared to 18 LED units sold in the three months ended March 31, 2010.

For the three months ended March 31, 2011 revenues were $357,857 compared to $361,571 in the three months ended March 31, 2010. These revenues are generated from the sale of various skin, hair care and wound products to distributors in international markets. We believe our skincare products are more susceptible to the macro-economic conditions than our other products because cosmetic products are more likely to be discretionary and not medically necessary.

For the three months ended March 31, 2011 revenues from our Skincare products were $307,647 compared to $481,962 in the three months ended March 31, 2010. These revenues are generated from the sale of various skin, hair care and wound products and from the sale of copper peptide compound in non-physician related channels.

For the three months ended March 31, 2011 and 2010, PTL product revenues were $311,590 and $298,829, respectively. PTL revenues are generated from the sale of LED devices in the spa and indoor tanning markets under the Lumiere brand.

Read the The complete Report



Stocks Discussed: PHMD,
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