Zeltiq Aesthetics Up 7% On Preliminary Q4 Revenue, 2015 Outlook

Zeltiq Aesthetics Inc ZLTQ announced preliminary unaudited revenue Tuesday for the fourth quarter and full year 2014.

Zeltiq anticipates total revenue for the fourth quarter 2014 in the range of $51 million to $52 million, above estimates of $49.64 million and the revenue reported for the fourth quarter 2013 of $35.8 million.

The company anticipates total revenue for the full year 2014 to be approximately $175 million to $176 million, above estimates of $173.31 million and the revenue reported for the full year 2013 of $111.6 million.

Mark Foley, President and Chief Executive Officer, said, "Our preliminary results for the fourth quarter and full year 2014 demonstrate the outstanding execution of our organization as we delivered another year of significant growth. We expect to recognize revenue in the quarter that represents an approximate 44 percent year-over-year growth rate which would result in an approximately 57 percent year-over-year growth rate for the full year 2014.”

Foley continued, "Similar to 2014, we plan to front-end load our investments in 2015, in order to take advantage of the large market opportunity, support our growing account base and drive robust revenue growth through 2015 and beyond. We have already hired nearly all of the planned sales force additions for 2015 and just concluded our Global Sales Meeting last week.”

Zeltiq Aesthetics traded at $29.90 in the after-hours session, up 7.17 percent.