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MiMedx Announces Record Second Quarter Results
Date:7/31/2013

l be delayed or that the results of future studies will not be accepted for publication, that the Company's revenues for the third quarter and full year 2013 are lower than anticipated , that the Company's contingency plans related to the impending move are not adequate to prevent disruptions associated with the move, and the risk factors detailed from time to time in the Company's periodic Securities and Exchange Commission filings, including, without limitation, its 10-K filing for the fiscal year ended December 31, 2012. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the federal securities laws. MIMEDX GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)Three Months Ended June 30,Six Months Ended June 30,2013201220132012Revenues:Net sales

$

13,514,743

$

4,884,256

$

25,071,235

$

8,590,064Cost of sales2,198,4821,114,9264,103,5022,073,781Gross margin11,316,2613,769,33020,967,7336,516,283Operating expenses:Research and development expenses924,468503,0862,171,222910,158Selling, general and administrative expenses10,868,3723,049,78319,237,3845,687,052Amortization of intangible assets267,638333,977530,234667,954Operating income (loss) (744,217)(117,516)(971,107)(748,881)Other income (expense), netAmortization of debt discount-(472,749)(1,328,439)(783,226)Interest expense, net(13,172)(153,804)(27,976)(305,614)Income (loss) before income tax provision(757,389)(744,069)(2,327,522)(1,837,721)Income tax provision--(50,275)-Net Income (loss)

$

(757,389)(744,069)

$

(2,377,797)

$

(1,837,721)Net income (loss) per common share - basic and diluted

$

(0.01)

$

(0.01)

$

(0.03)


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SOURCE MiMedx Group, Inc.
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Related biology technology :

1. BioTech Companies in the News - Alliqua, Transition Therapeutics, Organovo, MiMedx Group, Keryx Biopharmaceuticals
2. MiMedx To Exceed High End Of Second Quarter Guidance
3. MiMedx to Ring NASDAQ Stock Market Opening Bell
4. MiMedx to Present at Jefferies 2013 Global Healthcare Conference
5. MiMedx Secures a $3.0 Million Revolving Line of Credit with Bank of America
6. MiMedx Announces Record First Quarter 2013 Results
7. MiMedx Group, Inc. Announces Listing on the NASDAQ Capital Market
8. MiMedx Group, Inc. Announces Release Date for 2013 First Quarter Results
9. MiMedx Responds To Inquiries Regarding Trading Activity; Reiterates First Quarter And Full Year Goals
10. MiMedx to Present at the Canaccord Genuity Musculoskeletal Conference
11. MiMedx Is Issued Four Additional U.S. Patents For Placental Tissue Grafts
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