Forbes.Com has a report on Biolase the manufacturer and distributor of Lasers used in dentistry.
Biolase's Waterlase system uses a patented combination of water and lasers to precisely cut hard tissues (bone and teeth) and soft tissue (gums) with minimal damage to surrounding areas. Its LaserSmile system uses a laser to perform soft tissue and cosmetic procedures, including teeth whitening. Parnes says both product lines are in strong demand from dental professionals.
Biolase has a respectable balance sheet with no debt, $36 million in cash ($1.59 per share) and a current ratio of 4.5. The company generated $4.6 million in cash flow from operations over the past 12 months, and free cash flow of $3.94 million.
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