Biolase Reports Boost in 4th Quarter Sales
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Biolase Technology Inc. said fourth quarter sales rose 68% to $3.7 million from $1.8 million a year earlier, as some of its lasers and other products gained increased acceptance.
The San Clemente company posted an operating loss of $1.1 million, or 7 cents a share, for the fourth quarter a year ago.
Biolase, which makes medical and dental lasers, also said it expects “strong growth” this year.
Biolase’s stock edged up 41 cents to $1.94 a share Wednesday in Nasdaq trading. The company said it expects to report its financial results in February.
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