3
Palomar Medical Technologies (PMTI)
If the mantra of the Baby Boom generation is to grow older without showing it, then Palomar is in prime position to cater to this aging but burgeoning market. The company, founded in 1987, was one of the first to win Food & Drug Administration approval for a laser-based hair-removal machine, and the technology continues to be a favorite among patients and physicians. Palomar's technology uses pulsed light -- bundles of energy -- not only to remove hair, but also to smooth wrinkles and erase unsightly veins. In 2005, the Burlington (Mass.)-based company's sales flew 40% to $76.2 million, while net income shot up 70% to $17.5 million. Product-development deals with Procter & Gamble's (PG) Gillette unit and Johnson & Johnson (JNJ) could boost Palomar's profile in the growing market for age-defying products.
Company Info |
|
| 2005 Rank | 4 |
| Market Value* ($ Millions) | 729.7 |
| Sales* ($ Millions) | 81.6 |
| Sales Growth (3-yr. avg. annual) |
44.8 % |
| Profits* ($ Millions) | 20.2 |
| Profit Growth (3-yr. avg. annual) | 600.1 % |
| Return on Inv. Capital (3-yr.) | 31.2 % |
| Share Price 12-Mo. Hi/Lo | 43/21 |
| Share Price As of 4/28/06 | 42 |
| Return on Equity | 33.9 % |
| P/E Ratio | 41 |
| No. of Employees | 188 |
| Industry | Health Care Equipment |
| CURRENT MARKET INFO | PMTI > |
| COMPANY WEB SITE > | |
| Location | Burlington, Mass. |
| Phone | 781 993-2300 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
Related Articles
Palomar Medical: Zapping Away the Signs of Aging
Digging for Technology Gems
Palomar: Seeing the Light
A Laser Facelift for Equimed
More Zip from Zapping Hair
Company Snapshot
Palomar Medical Technologies engages in the research, development, manufacture, marketing, sale, and distribution of light-based products for medical and cosmetic treatments. It offers products for hair removal; non-invasive treatment of facial, leg veins, and other benign vascular lesions, such as rosacea, spider veins, port wine stains, and hemangiomas; removal of benign pigmented lesions, such as age and sun spots; tattoo removal; acne treatment; wrinkle removal; Pseudofolliculitis Barbae or PFB treatment; treatment of red pigmentation in hypertrophic and keloid scars; treatment of verrucae, skin tags, and seborrheic keratosis; deep tissue heating for relief of muscle and joint pain; and other skin treatments. The company has its operations in the U.S., Japan, Canada, Europe, Australia, Asia-Pacific, and South and Central America. Palomar Medical Technologies was founded in 1987 and is headquartered in Burlington, Mass.
Data provided by 
