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BioSpecifics Technologies Corp. Reports Fourth Quarter and Full Year 2010 Financial Results
Date:3/11/2011

  Net sales

$2,180$
2,841$
34,508$
39,035   Royalties

961,956415,0002,320,7291,271,597   Licensing revenue

109,276266,2813,026,1111,565,125   Consulting fees

70,00070,000280,000280,000Total Revenues1,143,412754,1225,661,3483,155,757Costs and expenses:   Research and development

(34,256)135,6631,223,931488,646   General and administrative

1,500,7961,347,6786,470,4494,832,019Total costs and expenses1,466,5401,483,3417,694,3805,320,665Operating income (loss)(323,128)(729,219)(2,033,032)(2,164,908)Other income (expense):   Interest Income

17,04827,00886,31055,693   Interest expense

---(39)   Other, net

13,130-13,130(8,863)   Qualifying Therapeutic Discovery Grant

426,403-426,403-456,58127,008525,84346,791Income (loss) before income tax

133,453(702,211)(1,507,189)(2,118,117)   Income tax benefit (expense)

6,716161,574(1,351)161,574Net income (loss)$  140,169$  (540,637)$ (1,508,540)$ (1,956,543)Basic net income (loss) per share$
.02$
(0.09)$
(0.24)$
(0.32)Diluted net income (loss) per share$
.02$
(0.09)$
(0.24)$
(0.32)Shares used in computation of basicnet income (loss) per share6,280,2686,159,8236,261,2146,065,939Shares used in computation of dilutednet income (loss) per share7,182,5586,159,8236,261,2146,065,939BioSpecifics Technologies Corp.Selected Consolidated Balance Sheet Data(Unaudited)December 3120102009Cash and cash equivalents$ 2,470,852$  3,950,389Short term investments5,360,9704,548,541Accounts and income tax receivable, net2,171,5111,712,220Working capital5,990,8995,768,760Total assets11,518,70111,748,478Long-term liabilities713,6191,150,721Total stockholders' equity6,700,7236,092,107
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