Cynosure Inc. (NSDQ:CYNO) announced mixed news today, saying it won a patent infringement lawsuit against a competitor but posting a 25 percent fourth-quarter sales slide and soaring net losses.
The Westford, Mass.-based cosmetic device maker reported fourth-quarter sales of $19 million for the three months ended Dec. 31, 2009, down 24 percent percent compared to $25 million during the same period in 2008. Fourth-quarter net losses widened 481.5 percent to $14.5 million, or $1.14 per diluted share, compared with $2.5 million, or 20 cents per diluted share, during Q4 2008.