Exhibit 99.1
![LOGO](https://capedge.com/proxy/8-K/0001193125-19-003237/g687529snap0001.jpg)
Sientra Announces Preliminary Unaudited Fourth Quarter 2018 Net Sales and
Appointment of Aesthetic Industry Veteran to Board of Directors
Anticipates total fourth quarter net sales of $19.0 million, growth of 72% year over year
Aesthetic industry veteran Mary M. Fisher joins Sientra’s Board of Directors
Santa Barbara, CA – January 7, 2019– Sientra, Inc. (NASDAQ:SIEN) (“Sientra” or the “Company”), a medical aesthetics company, today announced preliminary unaudited nets sales for the fourth quarter 2018.
In addition, as previously disclosed, the Board of Directors of Sientra appointed Mary M. Fisher as a director of the Company effective January 1, 2019.
Jeffrey M. Nugent, Chairman and Chief Executive Officer of Sientra, said, “I am extremely proud of everything our team accomplished in 2018. I continue to be encouraged by the consistent progress we have made in establishing Sientra as a leading, diversified global partner to aesthetic physicians, and I believe the Company is well positioned for an even stronger 2019.”
Fourth quarter 2018 preliminary net sales
The quarterly financial estimates included in this release are prior to the completion of management’s review and audit procedures by Sientra’s external auditors and are therefore subject to adjustment.
Sientra anticipates total net sales for the fourth quarter 2018 to be approximately $19.0 million, an increase of 72% compared to $11.1 million for the same period in 2017.
Fourth quarter 2018 net sales expectations anticipates Breast Products segment net sales of $10.4 million, an increase of 27% compared to $8.2 million for the same period in 2017, reflecting the continued improvement in implant supply levels and another strong quarter for the tissue expander portfolio.
Fourth quarter 2018 net sales expectations anticipates miraDry segment net sales of $8.6 million, an increase of 197% compared to $2.9 million for the same period in 2017, reflecting strong system placements and consumables growth internationally as well as continued traction in the United States.
Sientra anticipates net cash and cash equivalents as of December 31, 2018 to be approximately $87 million, compared to $103 million at the end of the third quarter of 2018.