Exhibit 99.1

PhotoMedex Reports First Quarter Financial Results

HORSHAM, Pa.--(BUSINESS WIRE)--May 11, 2015--PhotoMedex, Inc. (NasdaqGS and TASE: PHMD) reports financial results for the three months ended March 31, 2015.

Financial highlights of the first quarter of 2015 include the following (all comparisons are with the first quarter of 2014 and all figures quoted are GAAP, unless stated otherwise):

• Revenues of $28.1 million, a decrease of 44%
• Gross profit of $20.2 million, a decrease of 49%
• Non-GAAP adjusted loss per share of ($0.05), compared with non-GAAP adjusted income per share of $0.23
• Net loss (including discontinued operations) of $10.0 million or ($0.51) per share, compared with net loss of $0.3 million or ($0.02) per share
• Consumer revenues of $18.1 million, a decrease of 56%
• Global direct-to-consumer channel revenues of $13.8 million, a decrease of 55%
• Global retail and home shopping channel revenues of $4.3 million, a decrease of 55%
• Global distributor consumer channel revenues of $0.1 million, a decrease of 85%
• XTRAC^® psoriasis and vitiligo treatment recurring revenues of $5.4 million, an increase of 22%
• Cash, cash equivalents and short-term investments as of March 31, 2015 of $6.2 million, or $0.31 per diluted share

Management Commentary

“Our consumer business had a difficult first quarter including declines in direct, retail, home shopping and distributor channel sales. This reflects challenges with marketing efficiencies, media availability and the continued transition towards online advertising, each of which we are working to address,” said Dr. Dolev Rafaeli, PhotoMedex CEO. “Importantly, there have been several encouraging developments for PhotoMedex in recent weeks. We are delighted to be preparing to bring the no!no!™ line of hair removal products back to the Japanese market, following the signing of an agreement with Synergy Trading Corporation last month. Synergy has placed its initial order, and we will be shipping product to them in the coming weeks. We are working closely with Synergy to ensure a successful launch in what historically has been an important market for the brand. In addition, our XTRAC recurring physician business continues to grow, posting a 22% year-over-year increase in revenue during the quarter. We added a net 20 XTRAC systems to our installed base, which now stands at 640 units.”

He added, “Our first quarter financial results are within the requirements of our revised forbearance agreement, and we continue to work with our lenders to pursue a satisfactory resolution.”

Reported Financial Results

Revenues for the first quarter of 2015 were $28.1 million, a decrease of 44% compared with revenues for the first quarter of 2014 of $50.1 million.

Gross profit for the first quarter of 2015 was $20.2 million, or 72% of total revenues, compared with gross profit of $39.7 million, or 79% of total revenues, in the first quarter of 2015.

Net loss for the first quarter of 2015 was $10.0 million or ($0.51) per share, which included a $1.7 million loss on discontinued operations, $1.0 million in stock-based compensation expense and $1.9 million in depreciation and amortization expenses. This compares with net loss for the first quarter of 2014 of $0.3 million or ($0.02) per diluted share, which included $1.3 million in stock-based compensation expense and $1.6 million in depreciation and amortization expenses.

As of March 31, 2015 the Company had cash, cash equivalents and short-term investments of $6.2 million, compared with $10.6 million as of December 31, 2014.

Non-GAAP Measures

To supplement PhotoMedex’s consolidated financial statements presented in accordance with GAAP, PhotoMedex provides certain non-GAAP measures of financial performance. These non-GAAP measures include non-GAAP adjusted income and non-GAAP adjusted income per share.

PhotoMedex’s reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, nor superior to, GAAP results. These non-GAAP measures are provided to enhance investors' overall understanding of PhotoMedex’s current financial performance and to provide further information for comparative purposes.

Specifically, the Company believes the non-GAAP measures provide useful information to both management and investors by isolating certain expenses, gains and losses that may not be indicative of the Company’s core operating results and business outlook. In addition, PhotoMedex believes non-GAAP measures enhance the comparability of results against prior periods. Reconciliation to the most directly comparable GAAP measure of all non-GAAP measures included in this press release is as follows:

About PhotoMedex

PhotoMedex is a global skin health company providing integrated disease management and aesthetic solutions to dermatologists, professional aestheticians and consumers. The company provides proprietary products and services that address skin diseases and conditions including psoriasis, vitiligo, acne, actinic keratosis (a precursor to certain types of skin cancer) and photo damage. Its experience in the physician market provides the platform to expand its skin health solutions to spa markets, as well as traditional retail, online and infomercial outlets for home-use products. PhotoMedex sells home-use devices under the no!no!™ brand for various indications including hair removal, acne treatment and skin rejuvenation. The company also offers a professional product line for acne clearance, skin tightening, psoriasis care and hair removal sold to physician clinics and spas.

SAFE HARBOR STATEMENT

Some portions of the press release, particularly those describing PhotoMedex' strategies, operating expense reductions and business plans contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of the plans, strategies and objectives of management for future operations; any statements regarding product development, product extensions, product integration or product marketing; any statements regarding continued compliance with government regulations, changing legislation or regulatory environments; any statements of expectation or belief and any statements of assumptions underlying any of the foregoing. In addition, there are risks and uncertainties related to our ability to ensure continued regulatory compliance, performance and/or market growth. These risks, uncertainties and other factors, and the general risks associated with the businesses of the Company described in the reports and other documents filed with the SEC, could cause actual results to differ materially from those referred to, implied or expressed in the forward-looking statements. The Company cautions readers not to rely on these forward-looking statements. All forward-looking statements are based on information currently available to the Company and are qualified in their entirety by this cautionary statement. The Company anticipates that subsequent events and developments will cause its views to change. The information contained in this press release speaks as of the date hereof and the Company has or undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

-- Financial Statements follow --

CONTACT:
PhotoMedex, Inc.
Dennis McGrath, 215-619-3287
Chief Financial Officer
info@photomedex.com
or
LHA
Kim Sutton Golodetz, 212-838-3777
Kgolodetz@lhai.com
or
Bruce Voss, 310-691-7100
Bvoss@lhai.com
@LHA_IR_PR