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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

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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 Capital IQ
Joseph P. Caruso

Joseph P. Caruso, 46

Titles

Chief Executive Officer, President and Director

CEO Bio >

Total Compensation*

$456,500

Total Value of Options**

$ 12 MILLION

Degrees Held

NA

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Joseph P. Caruso, Paul S. Weiner

Board Members

Joseph P. Caruso, Louis P. Valente, Jeanne Cohane, Nicholas P. Economou, James G. Martin, A. Neil Pappalardo


Data provided by Capital IQ
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