PhotoMedex Inc. (PHMD) reported that net income for the fourth quarter of 2012 was $5.9 million or $0.27 per share, compared to a net loss of $3.0 million or $0.22 per share for the fourth quarter of 2011.
The latest-quarter included $1.4 million in stock-based compensation expense and $1.4 million in depreciation and amortization expenses, while the prior year quarter included $5.2 million in stock-based compensation expense and $0.3 million in depreciation and amortization expenses.
Non-GAAP adjusted income per share was $0.45 up from $0.22 last year.
Revenues for the fourth quarter of 2012 were $54.8 million, compared to revenues for the fourth quarter of 2011 of $28.8 million. Included in the latest-quarter Revenues were $7.2 million in revenues from pre-merged PhotoMedex. The prior quarter result included $1.5 million of revenues from pre-merged PhotoMedex.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share on revenues of $52.78 million for the quarter. Analysts' estimates typically exclude special items.
The company expects revenues for the first quarter of 2013 to be more than $57 million. Analysts expect the company to report revenues of $57.80 million for the first-quarter.
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