Palomar Medical Technologies Inc. (NSDQ:PMTI) posted a 9.2 percent increase in first-quarter sales, but saw its net losses yawn by 77 percent.
The Burlington, Mass.-based cosmetic device maker posted sales of $16.0 million during the three months ended March 31, compared with $14.6 million during the same period last year.
Net losses were $2.5 million, or 14 cents per diluted share, compared with $1.4 million, or 8 cents per diluted share, during Q1 2009.