Dental laser company Biolase reported $12.4 million in fourth quarter revenue, a 22 percent increase over the fourth quarter of 2019.
Six notes:
1. The company's fourth quarter revenue was 46 percent higher than the fourth quarter of 2021.
2. Biolase's U.S. laser sales increased 39 percent compared to 2020, and U.S. consumable sales increased by 40 percent over 2020. The increases were primarily driven by an increase in procedures using Biolase lasers, the company said March 17.
3. Biolase's international laser sales increased 87 percent over 2020, while its international consumable sales increased by 29 percent.
4. The company ended 2021 with $30 million in cash and cash equivalents.
5. Biolase said it is anticipating first quarter revenue to exceed $9 million, an 11 percent increase over the first quarter of 2021.
6. Biolase said it expects full-year net revenue for 2022 to increase at least 10 percent from 2021.