Laser treatment maker Cutera breaks even in 4th quarter with boost in revenue plus tax gain

By AP
Monday, February 8, 2010

Laser treatment maker Cutera breaks even in 4Q

BRISBANE, Calif. — Cutera Inc., which makes laser skin treatments that dermatologists and plastic surgeons use, said Monday that it broke even during its fiscal fourth quarter on a boost in revenue and a tax gain.

The company earned $7,000, or zero cents per share, compared with a loss of $13.5 million, or $1.01 per share, a year earlier.

Its revenue rose to $15.4 million from $12.2 million.

The company recorded a tax gain of $251,000, compared with a charge of $12.1 million a year ago.

Shares of Cutera fell 5 cents to $8.95 in after-hours trading after rising 29 cents to close at $9 during the regular trading session.

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