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MiMedx Group Announces Second Quarter 2011 Results
Date:7/25/2011

production capabilities to meet the anticipated demand for its initial CollaFix™ products, that the anticipated demand for the Company's CollaFix™ products does not materialize; that the Company may not complete its operational consolidations by the end of the third quarter; 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, 2010, and its most recent Form 10-Q. 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 30,2011201020112010REVENUES:Net sales

$
,929,399$
322,075$
2,972,886$
436,930OPERATING COSTS AND EXPENSES:Cost of products sold

789,405435,9251,448,281815,513Research and development expenses

662,487752,7111,510,3901,325,115Selling, General and Administrative expenses

2,893,9421,831,2365,686,9983,542,674LOSS FROM OPERATIONS

(2,416,435)(2,697,797)(5,672,783)(5,246,372)OTHER INCOME (EXPENSE), netInterest (expense) income, net

(87,070)1,228(178,284)(592,282)LOSS BEFORE INCOME TAXES

(2,503,505)(2,696,569)(5,851,067)(5,838,654)Income taxes

----NET LOSS

$
(2,503,505)$
(2,696,569)$
(5,851,067)$
(5,838,654)Net loss per common shareBasic and diluted

$
(0.03)$
(0.04)$
(0.08)$
(0.10)Shares used in computing net loss per common shareBasic and diluted

71,819,01760,635,87771,098,97655,918,851MIMEDX GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSASSETSJune 30,2011December 31,(unaudited)2010Current assets:Cash and cash equivalent
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SOURCE MiMedx, Inc.
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