The dental laser company released its first quarter financial report May 11.
Here are seven notes on the company’s financial performance during the first quarter of this year:
1. The company’s first quarter revenue marks the ninth consecutive quarter of year-over-year growth.
2. Biolase saw a 22 percent increase in international laser sales from the first quarter of last year.
3. The company’s U.S. consumable sales increased by 19 percent year over year.
4. Fifty-eight percent of Biolase’s U.S. Waterlase sales came from new customers and approximately 33 percent came from dental specialists.
5. Total operating expenses were $8.6 million during the first quarter, compared to $8.9 million during the first quarter of last year.
6. Biolase had cash and cash equivalents of approximately $6.5 million as of March 31.
7. The company anticipates its net revenue for the second quarter to increase by at least 25 percent year over year.