The Top 10 Hot Growth Companies
4
Palomar Medical Technologies
An old Billy Crystal character once opined: "When you look good, you feel good." That could serve as the slogan for Palomar Medical Technologies, a Burlington (Mass.)-based company that makes light- and laser-based machines, which dermatologists and plastic surgeons use to erase wrinkles, remove unwanted hair, and fix other cosmetic problems.
As awareness of laser-type procedures for aesthetic applications increases, demand for Palomar's products does, too. In the last three years, Palomar's sales have increased an average 45.6% a year, and the concentration on cosmetic lasers has pulled Palomar out of many years of losses. In the 12 months ended Apr. 29, Palomar earned $13 million on $58.7 million in sales. Investors are happy: Palomar's stock has zoomed from $1 a share two years ago to a recent $24.
Company Info
| STOCK INFO | PMTI |
| Market Value* | $ 376.3 MILLION |
| Total Return* | (1-yr.) 42.3%
(3-yr.) 2,053.8% |
| 2004 sales | $ 52.5 MILLION |
| Sales Growth | (1-yr.) 50.9%
(3-yr.) 45.6% |
| Net income* | $ 10.6 MILLION |
| Net Income Growth | (1-yr.) 215.6%
(3-yr.) 1551.2% |
| Net Margin* | 22.1% |
| Return on Equity* | 37.5% |
| Return on Invested Capital* | 37.5% |
| Industry | HEALTH CARE EQUIPMENT & SERVICES |
| CORPORATE WEB SITE | |
*Trailing 12 months
Company data as of 4/29/05
provided by Standard & Poor's Compustat
Palomar Medical: Zapping away the Signs of Aging
The Changing Face of Skin Care
The 100 Best Small Companies
Company Snapshot
Palomar Medical Technologies Inc. engages in the research, development, manufacturing, and distribution of light-based systems for hair removal and other cosmetic treatments. It offers products based on technologies that include hair removal, removal of benign pigmented lesions, such as age and sun spots; tattoo removal; acne treatment; wrinkle removal; pseudofolliculitis barbae treatment; treatment of red pigmentation in hypertrophic and keloid scars; treatment of verrucae, skin tags, seborrheic keratosis; deep tissue heating for relief of muscle and joint pain; noninvasive treatment of facial and leg veins and other benign vascular lesions, such as rosacea, spider veins, port wine stains and hemangiomas; and other skin treatments.
Palomar operates in the U.S., Japan, Canada, Europe, Australia, Asia/Pacific, and South and Central America. It was organized in 1987 and is headquartered in Burlington, Mass.
No. of Employees
161
Data provided by 
