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- President, CEO and Director  ——————————————————————————– Thanks, Bob, good afternoon, everyone. Welcome to STRATA Skin Sciences earnings conference call for the second quarter of 2016. To start, let me summarize our financial performance. STRATA’s total revenues for the second quarter were $7.7 million. Recurring revenues for the XTRAC systems were down 8.8% year-over-year in the quarter and were up 10% versus the first quarter of 2016. Gross margin was 59.4% as compared to 55.1% in the first quarter of 2016. We generated positive adjusted EBITDA of $284,000, and improvement on both Q1 2016 and the prior year period. Cash on the balance sheet at the end of the second quarter was $2.8 million. Read More Total revenues for the quarter were less than we had previously anticipated. In the quarter, we had 18 net placements of XTRAC systems while XTRAC recurring revenues increased sequentially from the [first] quarter by over 10%. We identified several areas where we think there is potential for improvement going forward.
For the original version including any http://www.oklahomasentinal.com/wwwoklahomasentinalcom4934/2016/08/14/the-written-form-of-cscds-general-statements-does-not-change-the-fact-that-they-do-not-unequivocally-indicate-the-required-intent/ supplementary images or video, visit http://finance.yahoo.com/news/edited-transcript-sskn-earnings-conference-193811643.html