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Expects Significant Revenue Growth Year-Over-Year in Fourth Quarter 2021

FOOTHILL RANCH, Calif., Nov. 10, 2021 /PRNewswire/ — BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today announced its financial results for its third quarter ended September 30, 2021 and provided fourth quarter 2021 revenue guidance.

BIOLASE Logo (PRNewsfoto/BIOLASE, Inc.)

2021 Third Quarter Operating Highlights (all comparisons are on a year-over-year basis unless specified otherwise):

  • Net revenue grew 46% to $9.5 million:

  • Net revenue was 10% higher than third quarter of 2019, which was the last pre-pandemic comparable period

  • Laser system sales increased 64%

  • Consumables and other revenue increased 21%

  • U.S. and international revenue increased 25% and 101%, respectively, as more dental practices were operating during the 2021 third quarter compared to the year-ago third quarter due to the COVID-19 pandemic

  • Gross margin was 51%, up 1,600 basis points, due to the higher year-over-year revenue, favorable revenue mix and higher average selling prices for products sold during the quarter

  • Maintained strong balance sheet, as cash and cash equivalents totaled $33.4 million at quarter end

“Our strong third quarter performance continues to reflect the rising demand for our industry-leading dental lasers,” commented John Beaver, President and Chief Executive Officer. “Our efforts to both educate and train dental specialists is leading to increased adoption across these large and largely untapped markets. In today’s environment, the fact that BIOLASE lasers provide increased safety to dentists and their patients is generating a high level of acceptance by dental practitioners – and we expect this to be a driving force for the foreseeable future. Our industry-leading dental lasers aim to provide a better standard of care for dental procedures and seek to ensure a safer experience while reducing the risk of future procedure and business disruptions by reducing aerosolization to mitigate the spread of infectious pathogens, such as COVID-19. Looking ahead, we expect significant year-over-year improvement across our key performance metrics, including revenue and gross margin in the fourth quarter as we continue to gain momentum with new customers and dental specialists.”

2021 Third Quarter Financial Results

Net revenue for the third quarter of 2021 was $9.5 million, an increase of 46% compared to net revenue of $6.5 million for the third quarter of 2020, which was impacted by the COVID-19 pandemic as many dental practitioners were forced to suspend procedures. U.S. laser revenue was $3.4 million for the third quarter of 2021, up 25% when compared to U.S. laser revenue of $2.7 million for the third quarter of 2020. U.S. consumables and other revenue for the third quarter of 2021, which consists of revenue from consumable products such as disposable tips, increased 26% compared to the third quarter of 2020. Outside the U.S., laser revenue increased 168% to $2.7 million for the third quarter of 2021, compared to $1.0 million for the third quarter of 2020, and consumables and other revenue increased 13% year over year as recovery from the pandemic improved internationally.

Gross margin for

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2 min read

PHOENIX (3TV/CBS 5) — The confines of her tiny apartment are both her refuge and her prison. Wisps of essential oils mist up from a glass diffuser. Crystals hanging in the single living room window reflect small rainbows, creating a hippy chic and soothing vibe. The efforts to create a comfortable environment are clear, but the harsh reality is, Ginger Peters feels she’s spent the last 11 years of her life dying a slow death.

Describing the 58-year-old as frail is an understatement. The slightest physical exertion, even showering, leaves her exhausted. Her current physical condition is a stark change from the once athletic woman who surfed and skied. At her lowest weight, the 5’9″ blond dropped to just 85 pounds, her flesh stretched across her protruding bones.

Peters says her life fell apart after a dentist convinced her to pull 22 teeth and replace them with dental implants. She says he told her it would help her recover from Valley fever. (Note: Health care professionals contacted during this investigation said they had not heard of pulling teeth to treat Valley fever.)

Dental implants consist of three parts. The base, considered the “implant,” is a screw-like piece that is drilled into the jawbone. The implant acts as “the root” of the artificial tooth. An abutment is a middle piece that attaches the implant base to the artificial tooth or teeth.






A drawing of what a dental implant looks like.







example of dental implant

Dr. Terry Work shows components of dental implants.




Peters says her new sets of teeth, both upper and lower, never fit correctly. Instead of locking into place, Peters’ artificial teeth fall out and move around in her mouth, leaving her unable to chew food.

A stack of medical records provided by Peters shows at least one of her doctors has linked a wide range of health and digestive problems to her implants and her inability to eat. However, no one has pinpointed why Peters has ongoing pain, infections, rashes on her face and neck and sores and inflammation in her mouth. Peters’ case is extreme but problems with dental implants are not uncommon.

Nearly 3 million reports of problems

A surge of reports of problems with dental implants may have remained almost impossible to find if it wasn’t for a former FDA data analyst. After leaving the FDA, Madris Kinard started Device Events. Her company specializes in searching through data in the FDA’s MAUDE database, which contains reports of the problems with medical devices reported to the FDA. MAUDE stands for Manufacturer and User Facility Device Experience.






Madris Kinard

After leaving the FDA, Madris Kinard started Device Events.




MAUDE can be cumbersome and difficult to search, producing only 500 reports at a time. Kinard’s software sorts through millions of reports in seconds, allowing her to compile data that may take other researchers weeks to gather. Searching MAUDE, Kinard discovered dental implants have nearly 3 million reports of problems, more than any other medical device.

Kinard says

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