Cynosure Reports Revenue Increase Thanks to SmartLipo MPX
Cynosure, the Boston-based manufacturer of SmartLipo, reported significant growth for the 3rd quarter of 2008, msn money reports; "revenues increased to 38.2 million for the 3rd quarter of 2008 from 31.5 million" for the same period last year.
President and CEO Michael Davin says it is their eighth consecutive quarter of profitability despite the difficult economic environment.
The company's newest technological innovation - the Smartlipo MPX aesthetic laser system - is a major contributor to their success. Davin says the company even sold the product at a lower price than originally planned, and still remained profitable due to other strategies for building their existing customer base.
Sales of the new MPX systems jumped from 46 percent of all Smartlipo sales to 73 percent, just in the third quarter.
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