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Derma Sciences Reports Fourth Quarter, Year-End Results for 2008
Date:4/1/2009

Year ended December 31 2008 2007 Net Sales $50,199,428 $34,135,401 Cost of sales 35,289,684 22,530,986 Gross Profit 14,909,744 11,604,415 Operating expenses Selling, general and administrative 17,196,863 11,885,368 Research and development 653,326 993,069 Total operating expenses 17,850,189 12,878,437 Operating loss (2,940,445) (1,274,022) Other expense, net: Interest expense 940,148 413,992 Loss on debt extinguishment -- 256,628 Other expense, net 22,529 77,929 Total other expense, net 962,677 748,549 Loss before provision for income taxes (3,903,122) (2,022,571) Provision for income taxes 58,815 262,034 Net Loss $(3,961,937) $(2,284,605) Net loss per common share - basic and diluted $(0.10) $(0.09) Shares used in computing net loss per common share - basic and diluted 38,606,779 26,523,541 DERMA SCIENCES, INC. AND SUBSIDIARIES Consolidated Balance Sheets December 31 ASSETS 2008 2007 Current Assets Cash and cash equivalents $391,038 $577,096 Accounts receivable, net 3,892,523 3,667,119 Inventories 12,423,042 9,935,977 Prepaid expenses and other
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SOURCE Derma Sciences, Inc.
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