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Candela Reports Record Revenue and Profits

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Candela Corp. announced that revenues for the third quarter of fiscal 1999 reached a record $15.8 million, increasing 84 percent over the $8.6 million reported in third quarter of fiscal 1998. Earnings also rose to a record level of $1.9 million, or $.31 cents per fully diluted share. Revenues for the first nine months of this fiscal year rose to $39.9 million, a 60 percent increase over 1998's figure of $24.9 million for the comparable period. Candela's strong quarter and current financial standing were attributed to a number of recent developments, including initial shipments of the...Read full article

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    Published: April 1999
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