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Osteotech Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/4/2010

arian subsidiary instituted in December 2008 and removed in late July 2009; and lower domestic unit sales volume.  This decline was partially offset by the revenue received in conjunction with the Company’s aforementioned license agreement.

Net income for the fourth quarter ended December 31, 2009 was $890,000, or $0.05 per diluted share, compared with net loss of $409,000, or $0.02 per share, for the fourth quarter of 2008.  Net loss for the full year ended December 31, 2009 was $4.0 million, or $0.22 per share, compared with net income of $2.2 million, or $0.12 per diluted share, for 2008.  The net loss in 2009 is primarily due to the Company’s anticipated reductions in service revenue and the resulting lower gross margins.  Net loss for 2009 was partially offset by the $2.3 million in profit that the Company’s agreement to license certain tissue processing technology contributed to net income.

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SOURCE Osteotech, Inc.
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