(restated) (restated)
Revenue $25,651 $23,448 $77,338 $73,810
Cost of revenue 11,443 11,994 38,023 38,117
Gross profit 14,208 11,454 39,315 35,693
Marketing, selling
and general
and administrative 11,051 9,751 33,341 29,856
Research and development 1,178 1,192 3,457 3,507
12,229 10,943 36,798 33,363
Operating income 1,979 511 2,517 2,330
Interest expense, net (157) (219) (459) (738)
Other (208) (131) ( 186) 359
Income before
income taxes 1,614 161 1,872 1,951
Income tax
provision (benefit) 10 (74) 61 105
Net Income $1,604 $235 $1,811 $1,846
Earnings per share:
Basic $.09 $.01 $.10 $.11
Diluted $.09 $.01 $.10 $.11
Shares used in computing
earnings per share:
Basic 17,573,134 17,295,314 17,494,807 17,281,703
Diluted 17,990,101 17,352,420 17,858,501 17,356,109
OSTEOTECH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
September 30, December 31,
2007 2006
Assets
Cash and cash equivalents $20,840 $17,946
Accounts receivable, net
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