Biolase posts $46.2M in 2018 FY revenue: 5 notes

Dentists

Share on Facebook
Biolase issued its fourth-quarter and full year financial report, for the year ending Dec. 31, 2018. The dental laser company saw increases in revenue, consumables and new customer growth.

Five notes:

1. Net revenue for the fourth quarter was $13 million, a 3 percent increase compared to the same quarter the year prior. Excluding a noncore imaging business, revenue for the quarter spiked 9 percent year over year to $12.7 million.

2. Biolase reported U.S. laser revenue was also up 51 percent year over year in the fourth quarter, exceed $5.6 million. Additionally, U.S. consumables revenue, such as disposable tips, jumped 13 percent compared to the fourth quarter of 2017.

3. For the full year, Biolase generated $46.2 million in revenue, a slight decrease (2 percent) year over year. Excluding the company's noncore imaging business, Biolase posted $44.5 million in revenue, a 3 percent increase year over year.

4. Biolase also saw consumable products revenue increase 13 percent in 2018 compared to 2017.

5. Gross margin for the year was 37 percent, a nearly 500-point increase compared to the year prior. Biolase ended the year with $8.3 million in cash, cash equivalents and restricted cash.

To read the full report, click here.

More articles on dentists:
Smile Brands continues Florida expansion
3 dentists, Washington Dental State Dental Association sue Delta Dental
Drs. Claude Adams, Nicholas Papapetros & more: 9 dentists making headlines

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months