Candela Corp. posted third-quarter sales of $29.8 million, down 22.5 percent compared with $38.4 million during the same period last year.
Despite the revenue decline, the Wayland-based cosmetic laser device maker managed to narrow its quarterly net loss to $465,000, compared with a net loss of $2.1 million during the third quarter of 2008.
President and CEO Gerad Puorro, citing the quarter as Candela’s second to see revenues increase, said the company reduced its operating expenses in preparation for a return to growth.