| Business Summary | | TLC
Laser
Eye
Center
Inc.
is
the
largest
provider
of
laser
vision
correction
services
in
North
America.
TLC
owns
and
manages
refractive
centers
which,
together
with
TLC's
network
of
over
10,000
optometrists
and
ophthalmologists,
provide
laser
vision
correction
of
common
refractive
vision
disorders
such
as
myopia
(nearsightedness),
hyperopia
(farsightedness)
and
astigmatism.
TLC,
which
commenced
operations
in
September
1993,
currently
has
55
refractive
centers
in
25
states
and
provinces
throughout
the
United
States
and
Canada.
The
Company
has
15
centers
currently
in
various
stages
of
development
and
plans
to
open
10
to
15
centers
within
the
next
12
months. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TLC
Laser
Eye
Centers
and
its
subsidiaries
develop
and
manage
laser
vision
correction
centers
in
the
U.S.
and
Canada.
For
the
nine
months
ended
2/28/01,
revenues
decreased
10%
to
$133.9
million.
Net
loss
totalled
$32.8
million
vs.
an
income
of
$3.7
million.
Revenues
reflect
laser
manufacturer
royalty
fee
reductions
and
a
decrease
in
refractive
revenues.
Loss
reflects
the
inclusion
of
a
$15.9
million
restructuring
charge
and
a
decrease
in
gross
margin. Recent Earnings Announcement For
the
3
months
ended
05/31/2001,
revenues
were
40,063;
after
tax
earnings
were
-5,000. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Elias Vamvakas, 42 Chairman,
CEO | $342K | Thomas O'Hare, 48 Pres,
COO | -- | Rochelle Stenzler, 46 Pres-
International Operations | -- | David Eldridge, 46 Exec.
VP- Clinical Affairs | 220K | William Leonard, 35 Exec.
VP of Operations | 221K | Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|