Dental laser company Biolase reported a 24 percent growth in year-over-year revenue for 2022.
The company released the financial results for the fourth quarter and full year of 2022 March 28.
Here are five notes on the company's financial performance:
1. The company reached $48.5 million in revenue for 2022.
2. Biolase saw a 39 percent increase in U.S. laser sales year over year.
3. The company increased adoption of its Waterlase laser in the U.S., with 84 percent of sales coming from new customers in 2022.
4. The company saw a net loss of $28.9 million in 2022, compared to a $16.7 million net loss in 2021.
5. Biolase expects its first-quarter net revenue to exceed $10 million during the first quarter of 2023 and expects full-year 2023 revenue to grow by 25 percent compared to 2022.