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Osteotech Announces Preliminary Fourth Quarter 2009 Revenue
Date:1/14/2010

EATONTOWN, N.J., Jan. 14 /PRNewswire-FirstCall/ -- Osteotech, Inc. (Nasdaq: OSTE), a leader in the emerging field of biologic products for regenerative healing, today reported preliminary unaudited revenue for the fourth quarter of 2009 of $26.3 million compared with $24.6 million for the same period in 2008.  During the fourth quarter, the Company generated $1.0 million in revenue from sales of its new innovative products all currently in limited launch phases.  Revenue in the fourth quarter of 2009 also included $3.3 million in revenue from an agreement to license certain of the Company's tissue processing technology, which, net of related expenses, is expected to contribute approximately $2.3 million to fourth quarter profitability.  The Company realized all of the revenue under the arrangement in the fourth quarter of 2009 and will receive the consideration over the next 3.5 years.  Based upon the preliminary unaudited fourth quarter results, the Company expects to report approximately $96.7 million in revenue for full year 2009.  Excluding the one-time impact on revenue of the new licensing arrangement, the Company expects to report full year 2009 revenue of $93.4 million.  The Company previously provided revenue guidance for 2009 of between $92 and $94 million.  

Osteotech also reported that it exited 2009 with approximately $10.7 million in cash.  The Company's guidance for its cash position was between $9 and $10 million.
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SOURCE Osteotech, Inc.
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