DALLAS, Jan. 15, 2010 (GLOBE NEWSWIRE) — BeaconEquity.com announces an investment report featuring medical products maker Osteotech Inc. (Nasdaq:OSTE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/OSTE
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Osteotech Inc. (OSTE), a medical technology company, develops, processes and distributes biologic products focused on the orthopedic, neurosurgical and oral/maxillofacial surgery markets. The Company is focused on creating technology platforms that provides a variety of procedural specific biologic products to address the changing needs of orthopedics and healthcare in general. The Company’s products focus on biologic solutions for regenerative medicine that can alleviate pain, promote healing and restore functions. OSTE operates in five segments: Demineralized Bone Matrix (DBM), Hybrid/Synthetic, Traditional Tissue, Spinal Allograft, and Human Collagen Technology.
In the report, the analyst notes:
“In its preliminary results for the fourth quarter of 2009, OSTE reported revenue growth of about 7% in the said quarter, citing sales of recently launched bone graft and fusion products. The Company recorded about $400,000 in revenue from its MagniFuse spinal graft products, which reached the market in October, and $200,000 from its FacetLinx fusion system, which was launched in the third quarter.
“For the full year 2009, the Company said it expects $96.7 million in revenue, or $93.4 million excluding the license revenue. It previously expected $92 million to $94 million. OSTE also said it exited 2009 with approximately $10.7 million in cash, above the range of $9 million to $10 million it had expected.”
To read the entire report visit: http://www.beaconequity.com/i/OSTE
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