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Bacterin Announces Record 2011 Revenue of $30.1 Million; Up 96% Year-over-Year
Date:3/22/2012

Sales and marketing5,096,1863,431,86218,501,2048,897,293Depreciation and amortization220,128140,219755,387633,827Non-cash consulting expense578,003332,4531,675,0081,560,324Other expense-397,114-1,030,290Total Operating Expenses6,708,0417,142,97827,490,70020,667,927Loss from Operations(2,668,540)(3,385,759)(6,450,468)(8,614,156)Other Income (Expense)Interest expense(122,894)(964,612)(1,162,597)(1,646,940)Change in warrant derivative liability(1,093,738)(2,380,293)6,377,671(9,206,826)Other expense(468,542)-(1,771,075)-Total Other Income (Expense)(1,685,174)(3,344,905)3,443,999(10,853,766)Net Loss Before Benefit (Provision) for Income Taxes(4,353,714)(6,730,664)(3,006,469)(19,467,922)Benefit (Provision) for Income TaxesCurrent--Deferred--Net Income (Loss)

$

(4,353,714)

$

(6,730,664)$

(3,006,469)$

(19,467,922)Net income (loss) per share:Basic

$

(0.11)

$

(0.18)$

(0.08)$

(0.61)Dilutive(0.11)(0.18)(0.08)(0.61)Shares used in the computation:Basic40,521,75936,468,56338,944,25632,178,342Dilutive40,521,75936,468,56338,944,25632,178,342Contact:Hayden IR
James Carbonara, Regional Vice President
646-755-7412
james@haydenir.com

Brett Maas, Managing Partner
646-536-7331
brett@haydenir.com


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SOURCE Bacterin International, Inc.
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