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BioSpecifics Technologies Corp. Reports Second Quarter 2012 Financial Results
Date:8/9/2012

tax1,057,3333,351,1762,315,3003,503,059Income tax benefit (expense)(390,651)(781,835)(906,228)2,757,405Net income$   666,682$2,569,341$1,409,072$6,260,464Basic net income per share$
.11$
.40$
.22$
.99Diluted net income per share$
.10$
.36$
.20$
.87Shares used in computation of basic net income per share6,343,3566,354,1356,339,9306,324,168Shares used in computation of diluted net income per share6,971,6877,174,5686,984,2587,158,024BioSpecifics Technologies Corp.Selected Consolidated Balance Sheet Data (Unaudited)June 30,December 31,20122011Cash and cash equivalents$3,788,173$3,196,831Short term investments5,000,0005,000,000Accounts and income tax receivable, net2,871,9153,481,637Deferred tax assets (short and long-term)2,631,9003,047,955Deferred royalty buydown2,750,0001,250,000Working capital11,612,61511,970,264Total assets17,486,66216,265,073Long-term liabilities241,955276,520Total stockholders' equity16,151,21914,872,314
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