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Osteotech Reports 2008 Third Quarter Financial Results
Date:11/7/2008

,536

Other Product Lines 329 160 884 513

Revenue $ 24,063 $ 25,651 $ 79,247 $ 77,338

Consolidated Statements of Operations

(dollars in thousands, except per share data)

Three Months Nine Months

Ended September 30, Ended September 30,

2008 2007 2008 2007

Revenue $ 24,063 $ 25,651 $ 79,247 $ 77,338

Cost of revenue 11,182 11,443 37,622 38,023

Gross profit 12,881 14,208 41,625 39,315

Marketing, selling and

general and administrative 10,476 10,981 33,479 33,105

Research and development 1,739 1,248 5,273 3,693

Operating income 666 1,979 2,873 2,517

Interest expense, net (276) (157) (762) (459)

Other income (loss) (270) (208) 953 (186)

Income before income taxes 120 1,614 3,064 1,872

Income tax provision 62 10 452 61

Net Income $58 $1,604 $2,612 $1,811

Earnings per share:

Basic $- $.09 $.15 $.10

Diluted $- $.09 $.15 $.10

Shares used in computing

earnings per share:

Basic 17,881,018 17,573,134 17,749,402 17,494,807

Diluted 17,993,900 17,990,101 17,854,319 17,858,501

Osteotech, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(dollars in
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SOURCE Osteotech, Inc.
Copyright©2008 PR Newswire.
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Related biology technology :

1. Osteotech to Present at Roth Capital Partners 2007 New York Investor Conference
2. Osteotech to Present at Sidoti Conference in San Francisco
3. Osteotech Announces Fourth Quarter and Full Year Earnings Release and Conference Call Schedule
4. Osteotech Reports 2007 Full Year and Fourth Quarter Financial Results; Full Year Revenue of $104.3 Million Exceeds $100 Million Milestone; Diluted Earnings Per Share Was $.15 in 2007
5. Osteotech to Present at the Canaccord Adams Small-Cap Orthopedics Conference in San Francisco
6. Osteotech Receives FDA Clearance for Plexur M(TM) Biocomposite
7. Osteotech to Present at the Sidoti Conference in New York
8. U.S. Patent Office Confirms Validity of Osteotechs U.S. Patent No. 5,676,146
9. Osteotech Announces First Quarter Earnings Release and Conference Call Schedule
10. Osteotech Renews Tissue Recovery Agreement with the Euro Atlantic Transplant Alliance
11. Osteotechs Plexur P(TM) Receives FDA Clearance as Bone Void Filler and Bone Graft Extender in Spine
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