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Derma Sciences Reports Second Quarter 2009 Results
Date:8/17/2009

PRINCETON, N.J., Aug. 17 /PRNewswire-FirstCall/ -- Derma Sciences, Inc. (OTC Bulletin Board: DSCI), a provider of advanced wound care products, reports results today for the second quarter and six months ended June 30, 2009.

Highlights for second quarter and six months ended June 30, 2009:

  • Gross U.S. MEDIHONEY(R) sales increased $394,451, or 125%, to $664,766 in second quarter 2009, versus $295,315 in 2008. For the six months ended June 30, 2009, gross U.S. MEDIHONEY sales increased $555,042, or 94%, to $1,143.944 in 2009, from $588,902 in 2008.
  • BIOGUARD(TM), the Company's new novel anti-microbial advanced wound care product, was launched in June and recorded gross sales of $58,458 in just one month's time. This represents the strongest first-month sales for any of Derma's new products.
  • Combined gross sales of key new advanced wound care products in the U.S. for the six months ended June 30, 2009, were $2,141,065, versus $1,109,282 in 2008, representing an increase of $1,031,783 or 93%.
  • Gross profit margin percentage increased to 29.6% in second quarter 2009, from 27% in second quarter 2008. Gross profit margin for the six-month period increased to 30.8% in 2009, from 26.9% in 2008. The increase in gross profit margin percentage is principally attributable to the successful establishment of quality, cost-effective manufacturing for the First Aid Division, coupled with the growth of the higher margin advanced wound care business.
  • Selling, general and administrative expenses decreased $780,518, or 17.4%, in the second quarter 2009, versus the same period in 2008. Selling, general and administrative expenses for the six months decreased $1,236,807 million, or 14%, in 2009 versus 2008. <
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SOURCE Derma Sciences, Inc.
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