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Jun 30, 2022
Biolase Q2 2022 Earnings Report
Reported 34% revenue growth year over year.
Key Takeaways
BIOLASE, Inc. announced financial results for the second quarter ended June 30, 2022, with total revenue of $12.2 million, up 34% year over year. U.S. laser sales increased 70% year over year and U.S. consumable sales increased 42% year over year.
Total revenue was $12.2 million, up 34% year over year
U.S. laser sales increased 70% year over year and U.S. consumable sales increased 42% year over year, driven by increased procedures using BIOLASE lasers
International laser sales increased 2% year over year, while international consumable sales increased 3% year over year
Waterlase Exclusive Trial Program success rate of over 55% in the second quarter
Revenue by Segment
Forward Guidance
BIOLASE anticipates third quarter net revenue to exceed $10.5 million, representing growth of at least 10% year over year, and continues to expect full year net revenue to increase at least 15% from 2021 levels.
Positive Outlook
- Third quarter net revenue to exceed $10.5 million
- Third quarter revenue growth of at least 10% year over year
- Full year net revenue to increase at least 15% from 2021 levels
- Continued operating momentum in the first half of the year
- Strong start to the year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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