Cynosure

Cynosure is a leading developer and manufacturer of a broad array of light-based aesthetic and medical treatment systems. The Company's products are used to provide a diverse range of treatment applications such as hair removal, skin revitalization, and scar reduction, as well as the treatment of vascular lesions. 

Cynosure helps providers enhance their practice with exceptional aesthetic laser and light-based solutions that can improve the health, well-being, and quality of life of their clients.

Type
Public
HQ
Westford, US
Founded
1991
Size (employees)
982 (est)+15%
Cynosure was founded in 1991 and is headquartered in Westford, US

Cynosure Office Locations

Cynosure has an office in Westford
Westford, US (HQ)
5 Carlisle Rd

Cynosure Data and Metrics

Cynosure Financial Metrics

Cynosure's revenue was reported to be $433.5 m in FY, 2016
USD

Revenue (FY, 2016)

433.5 m

Revenue growth (FY, 2015 - FY, 2016), %

28%

Gross profit (FY, 2016)

255.3 m

Gross profit margin (FY, 2016), %

59%

Net income (FY, 2016)

14.2 m

EBIT (FY, 2016)

27.3 m

Market capitalization (22-Mar-2017)

1.6 b

Cash (31-Dec-2016)

153.6 m
Cynosure's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

226 m292.4 m339.5 m433.5 m

Revenue growth, %

29%16%28%

Cost of goods sold

95.7 m127.1 m145.9 m178.2 m

Gross profit

130.3 m165.2 m193.5 m255.3 m

Gross profit Margin, %

58%57%57%59%

Sales and marketing expense

153.9 m

R&D expense

29 m

General and administrative expense

42.4 m

Operating expense total

136.1 m144 m167.2 m228 m

EBIT

(5.8 m)21.3 m26.3 m27.3 m

EBIT margin, %

(3%)7%8%6%

Interest expense

23 k1.4 m1.7 m1.6 m

Pre tax profit

(5.5 m)18.3 m23.2 m24.9 m

Income tax expense

(3.9 m)(13 m)7.4 m10.7 m

Net Income

(1.6 m)31.3 m15.8 m14.2 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

62 m72.6 m71.5 m74.9 m83.7 m78.4 m94.7 m110.3 m106.4 m

Cost of goods sold

26.6 m31.9 m31.2 m32.1 m36.3 m34 m39.2 m45.3 m43.6 m

Gross profit

35.4 m40.7 m40.3 m42.8 m47.4 m44.4 m55.4 m65.1 m62.8 m

Gross profit Margin, %

57%56%56%57%57%57%59%59%59%

Sales and marketing expense

20.1 m20.9 m21.7 m25.7 m26.4 m26.8 m35.6 m38.6 m38.1 m

R&D expense

5.6 m5 m5.7 m6 m5.3 m5.5 m7.1 m7 m7.2 m

General and administrative expense

7.6 m7.7 m6.8 m8.3 m7.3 m6.5 m7.6 m8.3 m8.7 m

Operating expense total

33.3 m33.6 m34.3 m40 m39 m38.8 m50.3 m53.9 m54 m

EBIT

1.3 m6.4 m5.3 m2.1 m7.6 m4.8 m4.5 m10.5 m8.2 m

EBIT margin, %

2%9%7%3%9%6%5%10%8%

Interest expense

(402 k)(430 k)(428 k)(412 k)(392 k)(377 k)

Pre tax profit

1.1 m(12 k)7.7 m4.2 m9.8 m8 m

Income tax expense

374 k1.7 m1 m(4 k)2.3 m962 k1.9 m3.5 m3.9 m

Net Income

689 k5.3 m8.3 m(8 k)5.4 m8.6 m2.8 m9.2 m13.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

93.7 m75.1 m108.6 m153.6 m

Accounts Receivable

36.6 m42.5 m42 m42.1 m

Inventories

54.1 m59.3 m79.8 m76 m

Current Assets

227.2 m235.9 m287.1 m338.6 m

PP&E

26.4 m34.3 m39.7 m48 m

Goodwill

95.2 m105.8 m105.8 m105.8 m

Total Assets

414.5 m457.7 m534.6 m586.5 m

Accounts Payable

13.9 m20.9 m33.9 m24.9 m

Current Liabilities

61.6 m74.4 m105 m105.4 m

Additional Paid-in Capital

338.7 m355.1 m387.2 m426 m

Retained Earnings

8.6 m40 m55.8 m70 m

Total Equity

328.4 m358.1 m404.4 m455.5 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

82 m65.9 m53.8 m71.9 m93.1 m81.4 m93.5 m126.3 m131 m

Accounts Receivable

40.2 m47.7 m44.1 m45.3 m47.7 m44.9 m38.5 m40.6 m40.8 m

Inventories

56.5 m52.4 m59 m68.2 m73.4 m74.3 m85.6 m83.6 m83.9 m

Current Assets

237.3 m222.1 m212.8 m237.7 m274.6 m271.1 m280.2 m317.5 m326.6 m

PP&E

28.8 m32.3 m35 m35.5 m35.3 m38.5 m43.2 m45.3 m45.9 m

Goodwill

95.3 m99.3 m105.1 m105.9 m105.9 m105.8 m105.8 m105.8 m105.9 m

Total Assets

425.6 m427.3 m435.7 m462.5 m489.6 m497.8 m528.9 m565.3 m574.1 m

Accounts Payable

16.6 m20.8 m21 m27.1 m26.7 m22.1 m25.9 m29.7 m26.4 m

Current Liabilities

60 m61.5 m67.3 m77.6 m77.6 m79.5 m92.4 m100 m98.4 m

Additional Paid-in Capital

347.9 m352 m354.7 m357.8 m376.4 m379.8 m390.8 m413.4 m420.2 m

Retained Earnings

9.3 m13.9 m17 m40 m45.3 m48.6 m58.6 m65 m69.1 m

Total Equity

338.2 m338.1 m335.9 m359.5 m383.7 m389.9 m411.6 m440.3 m451.2 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.6 m)31.3 m15.8 m14.2 m

Depreciation and Amortization

9.1 m17.5 m19.3 m20.7 m

Accounts Receivable

(9.1 m)(4.9 m)(752 k)(944 k)

Inventories

(5.6 m)(8.3 m)(27 m)(3.8 m)

Accounts Payable

(1.7 m)4.4 m13.1 m(8.9 m)

Cash From Operating Activities

3.4 m42.1 m37.7 m45 m

Purchases of PP&E

(3.5 m)(15.8 m)(10.8 m)(13.5 m)

Cash From Investing Activities

17.2 m(53.7 m)(29.1 m)(26.2 m)

Cash From Financing Activities

(13 m)(7 m)24.2 m26.3 m

Interest Paid

25 k19 k19 k18 k

Income Taxes Paid

1 m2.9 m3.7 m8.6 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

689 k5.3 m8.3 m(8 k)5.4 m8.6 m2.8 m9.2 m13.4 m

Depreciation and Amortization

4.2 m8.4 m13.1 m4.7 m9.4 m14.3 m5 m10.3 m15.5 m

Accounts Receivable

(3.6 m)(10.9 m)(6 m)(3.7 m)(5.8 m)(3.4 m)3.9 m1.5 m1.4 m

Inventories

(2.7 m)(2.6 m)(6.3 m)(11 m)(17.1 m)(20 m)(7.3 m)(7.7 m)(8.9 m)

Accounts Payable

2.7 m5.5 m5.8 m6.3 m5.9 m1.3 m(8 m)(4.2 m)(7.5 m)

Cash From Operating Activities

(920 k)3.9 m18 m(4.8 m)(894 k)10.1 m(346 k)16 m19.9 m

Purchases of PP&E

(4.4 m)(9.7 m)(14 m)(2.8 m)(4 m)(8.1 m)(4.3 m)(7.6 m)(10.6 m)

Cash From Investing Activities

(18 m)(31.9 m)(52.3 m)236 k1 m(23.3 m)(15.5 m)(18.8 m)(21.6 m)

Cash From Financing Activities

7.4 m467 k(5.5 m)855 k17.5 m18.9 m1.1 m20.6 m24.3 m

Interest Paid

5 k9 k14 k5 k9 k13 k5 k9 k14 k

Income Taxes Paid

810 k1.4 m1.8 m515 k2.4 m2.9 m1.7 m4.7 m7.1 m
Y, 2016

Financial Leverage

1.3 x

Cynosure Operating Metrics

FY, 2016

Products

20

Countries

120

Patents (US)

50

Facilities

2

Cynosure Market Value History

Cynosure Revenue Breakdown

Cynosure Median Salaries

Source: 94 public H-1B filings from Cynosure

Traffic Overview of Cynosure

Cynosure Online and Social Media Presence

Cynosure Company Life and Culture

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