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BioSpecifics Technologies Corp. Reports Second Quarter 2009 Financial Results
Date:8/12/2009

---- ---- Revenues: Net sales $9,914 $4,046 $17,105 $16,799 Royalties 375,400 2,028 375,400 2,028 Licensing fees 766,281 266,282 1,032,562 532,563 Consulting fees 70,000 162,000 140,000 284,185 ------ ------- ------- ------- Total Revenues 1,221,595 434,356 1,565,067 835,575 Costs and expenses: Research and development 124,192 94,432 240,063 188,703 General and administrative 1,140,485 1,173,316 2,307,456 1,973,772 --------- --------- --------- --------- Total Cost and Expenses 1,264,677 1,267,748 2,547,519 2,162,475 --------- --------- --------- --------- Operating loss (43,082) (833,392) (982,452) (1,326,900) Other income (expense): Interest income 1,688 27,528 4,545 57,803 Interest expense (39) - (39) (451) Other, net - 4,527 (9,463) 4,527 ----- ----- ------ ----- 1,649 32,055 (4,957) 61,879 ----- ------ ------ ------ Loss before benefit (expense) for income tax (41,433) (801,337) (987,409) (1,265,021) Income tax benefit (expense) (46,376) - (46,376) - ------- ------- ------- --------- Net loss $(87,809) $(801,337) $(1,033,785) $(1,265,021) ======== =========
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SOURCE BioSpecifics Technologies Corp.
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