ZELTIQ Aesthetics (CoolSculpting)

ZELTIQ is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform. The Company's first commercial product, the CoolSculpting System, is designed to selectively reduce stubborn fat that may not respond to diet or exercise. CoolSculpting is based on the scientific principle that fat cells are more sensitive to cold than the overlying skin and surrounding tissues. It utilizes patented technology of precisely controlled cooling to reduce the temperature of fat cells in the treated area, which is intended to cause fat cell elimination through a natural biological process known as apoptosis.
Type
Subsidiary
Parent Company
Allergan
HQ
Pleasanton, US
Founded
2005
ZELTIQ Aesthetics (CoolSculpting) was founded in 2005 and is headquartered in Pleasanton, US

Key People at ZELTIQ Aesthetics (CoolSculpting)

Sergio Garcia

Sergio Garcia

Senior Vice President, General Counsel and Secretary
Patrick F. Williams

Patrick F. Williams

Senior Vice President and Chief Financial Officer
Keith Sullivan

Keith Sullivan

Senior Vice President of Worldwide Sales
Kristine N. Tatsutani

Kristine N. Tatsutani

Chief Scientific Officer and Senior Vice President of Clinical, Regulatory and Quality
Carl Lamm

Carl Lamm

Vice President of Operations

ZELTIQ Aesthetics (CoolSculpting) Office Locations

ZELTIQ Aesthetics (CoolSculpting) has offices in Pleasanton, London, New Orleans, Brussels and in 75 other locations
Pleasanton, US (HQ)
4410 Rosewood Dr
Show all (79)

ZELTIQ Aesthetics (CoolSculpting) Data and Metrics

ZELTIQ Aesthetics (CoolSculpting) Summary

Founding Date

2005

Total Funding

$70.4 m

Investors

ZELTIQ Aesthetics (CoolSculpting) is a subsidiary of Allergan

ZELTIQ Aesthetics (CoolSculpting) Financial Metrics

ZELTIQ Aesthetics (CoolSculpting)'s revenue was reported to be $354.2 m in FY, 2016
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

111.6 m174.5 m255.4 m354.2 m

Revenue growth, %

56%46%39%

Cost of goods sold

34.2 m50.1 m74.4 m103.5 m

Gross profit

77.4 m124.4 m181 m250.7 m

Gross profit Margin, %

69%71%71%71%

Sales and marketing expense

174.2 m

R&D expense

25.5 m

General and administrative expense

37.8 m

Operating expense total

96.8 m122.3 m177.3 m237.5 m

EBIT

(19.3 m)2.1 m3.7 m13.2 m

EBIT margin, %

(17%)1%1%4%

Interest expense

80 k63 k(45 k)

Interest income

80 k63 k(45 k)

Pre tax profit

(19.2 m)1.8 m3.3 m14.8 m

Income tax expense

140 k231 k(38.5 m)14.1 m

Net Income

(19.3 m)1.5 m41.8 m694 k
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

31 m47.1 m45.7 m51.6 m64.4 m61.2 m64.5 m89.5 m95.2 m

Cost of goods sold

9 m13.7 m12.6 m14.4 m18.1 m16 m18.2 m27.5 m28.4 m

Gross profit

22 m33.4 m33.1 m37.2 m46.3 m45.2 m46.2 m61.9 m66.8 m

Gross profit Margin, %

71%71%73%72%72%74%72%69%70%

Sales and marketing expense

20.2 m21.1 m19 m24.4 m32.2 m30.6 m40.7 m50.3 m40.3 m

R&D expense

4.3 m4.4 m4.2 m6.1 m5.8 m5.5 m6.2 m6.4 m6.5 m

General and administrative expense

4.7 m5.2 m4.9 m8.4 m6.7 m7.1 m10.5 m8.8 m8.3 m

Operating expense total

29.2 m30.6 m28.2 m38.9 m44.7 m43.2 m57.4 m65.5 m55.1 m

EBIT

(7.2 m)2.8 m5 m(1.7 m)1.7 m1.9 m(11.2 m)(3.5 m)11.7 m

EBIT margin, %

(23%)6%11%(3%)3%3%(17%)(4%)12%

Interest expense

13 k(36 k)(20 k)7 k

Interest income

13 k(36 k)(20 k)7 k

Pre tax profit

(7.3 m)4.8 m(2.1 m)1.2 m2.3 m(10.6 m)(2.1 m)12.2 m

Income tax expense

79 k(73 k)7 k28 k43 k160 k(684 k)2.8 m7 m

Net Income

(7.3 m)2.8 m4.8 m(2.1 m)1.2 m2.1 m(9.9 m)(4.9 m)5.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

25.8 m28.6 m35.7 m54.8 m

Accounts Receivable

10.2 m21.5 m33.4 m

Inventories

4.4 m7.1 m11.8 m38 m

Current Assets

67.6 m89 m121.8 m165.3 m

PP&E

2.2 m3.7 m7 m12.1 m

Total Assets

88.1 m103.9 m178.8 m214.3 m

Accounts Payable

5.2 m5.8 m10.9 m16.9 m

Current Liabilities

25.2 m32.5 m53.4 m72.8 m

Non-Current Liabilities

3.9 m

Total Liabilities

76.6 m

Additional Paid-in Capital

195.5 m202.7 m215.6 m231.4 m

Retained Earnings

(133.1 m)(131.5 m)(89.7 m)(89 m)

Total Equity

124.3 m137.7 m

Financial Leverage

1.4 x1.6 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

14.5 m20.3 m24.9 m25.1 m37.3 m35.6 m33.5 m46.9 m60.4 m

Accounts Receivable

12.3 m13.9 m15.7 m24.5 m30.7 m32.9 m32.6 m43.1 m40.3 m

Inventories

15.2 m18.6 m18.2 m17.4 m18.4 m28.8 m32.6 m28.1 m32.2 m

Current Assets

64.2 m73.5 m82.3 m90.1 m104 m117.3 m117 m133.8 m145.7 m

PP&E

2.3 m2.3 m2.7 m3.6 m4.2 m4.8 m7.5 m7.7 m9.6 m

Total Assets

81.5 m86.8 m95.6 m103.4 m118.7 m131.5 m172.5 m186.6 m195.6 m

Accounts Payable

6.2 m3.3 m3.7 m7.3 m8.3 m12.2 m13.6 m13.8 m16.9 m

Current Liabilities

25.9 m25.6 m26.9 m33.3 m43.5 m51.5 m55.6 m71.5 m72.4 m

Additional Paid-in Capital

195.7 m198.4 m201.5 m203.9 m207.2 m210.5 m217.2 m222.4 m225.9 m

Retained Earnings

(140.4 m)(137.6 m)(132.8 m)(133.7 m)(132.5 m)(130.3 m)(99.6 m)(104.5 m)(99.3 m)

Total Equity

74.3 m79.1 m115.7 m114 m122 m

Financial Leverage

1.6 x1.7 x1.5 x1.6 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(19.3 m)1.5 m41.8 m694 k

Depreciation and Amortization

1.7 m1.8 m2.4 m3.6 m

Accounts Receivable

(3.1 m)(11 m)(13 m)(23.5 m)

Inventories

2.5 m(6.9 m)(13 m)(12.5 m)

Accounts Payable

6.3 m

Cash From Operating Activities

(4.1 m)(856 k)7.7 m16.4 m

Purchases of PP&E

(834 k)(2.3 m)(4.3 m)(7.1 m)

Cash From Investing Activities

4.4 m6.4 m445 k5.3 m

Cash From Financing Activities

2.6 m(2.2 m)(418 k)(1.1 m)

Interest Paid

8 k

Income Taxes Paid

761 k
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(7.3 m)2.8 m4.8 m(2.1 m)1.2 m2.1 m(9.9 m)(4.9 m)5.2 m

Accounts Receivable

12.3 m13.9 m15.7 m24.5 m30.7 m32.9 m32.6 m43.1 m40.3 m

Inventories

15.2 m18.6 m18.2 m17.4 m18.4 m28.8 m32.6 m28.1 m32.2 m

Accounts Payable

6.2 m3.3 m3.7 m7.3 m8.3 m12.2 m13.6 m13.8 m16.9 m

ZELTIQ Aesthetics (CoolSculpting) Job Categories

ZELTIQ Aesthetics (CoolSculpting) Online and Social Media Presence

ZELTIQ Aesthetics (CoolSculpting) Company Life and Culture

You may also be interested in