Corporate Profile for INTERPORE International, dated Sept. 6, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex and many others. -0- Published Date: Sept. 6, 1996 Company Name: INTERPORE International
Address: 181 Technology Drive
Irvine, Calif. 92618
Main Telephone Number: 714/453-3200 Fax Telephone Number: 714/453-3225 Chief Executive Officer: David C. Mercer Chief Financial Officer: Richard L. Harrison Investor Relations Contact: Kristen Burdick Public Relations Contact: Kristen Burdick Trading Symbol: BONZ Industry: Medical Devices Company description: INTERPORE International is a biomaterials company specializing in the development, manufacture and global marketing of medical devices for use in bone and soft tissue repair. The company's synthetic bone graft bone graft Orthopedic surgery Sterilized bony tissue, often of cadaveric origin, used to fill and/or 'sculpt' bone defects Indications Spinal fusion, revision of failed articular prostheses, filling traumatic or malignant bone defects, or periodontal defects. products are derived from marine coral using a manufacturing process that converts the unique skeletal structures of the coral to hydroxyapatite hydroxyapatite /hy·droxy·ap·a·tite/ (-ap´ah-tit) an inorganic calcium-containing constituent of bone matrix and teeth, imparting rigidity to these structures. , a biocompatible biocompatible /bio·com·pat·i·ble/ (-kom-pat´i-b'l) being harmonious with life; not having toxic or injurious effects on biological function. implant material. This product, Pro Osteon, is used for the repair of certain skeletal defects. Its interconnected porous structure provides a scaffold for new bone ingrowth ingrowth /in·growth/ (-groth) an inward growth; something that grows inward or into. in·growth n. Something that grows inward or into a part of the body. . The company also distributes titanium dental implant dental implant n. An artificial tooth that is anchored in the gums or jawbone to replace a missing tooth. dental implant systems for the rehabilitation of partially and totally toothless patients, and a line of manual instruments used in arthroscopic surgery Arthroscopic Surgery Definition Arthroscopic surgery is a procedure to visualize, diagnose, and treat joint problems. The name is derived from the Greek words arthron, which means joint, and skopein, which means to look at. . -0- Financial Highlights: Condensed Consolidated Statements of Income (in thousands, except per share amounts) Six Months Ended June 30, (Unaudited) 1996 1995
Net sales $ 9,888 $ 8,549
Gross profit 7,210 6,305
Total operating expenses 7,257 5,705
Income (loss) from operations (47) 600
Net income 692 886
EPS 0.04 0.12
Condensed Consolidated Balance Sheets
(In thousands) June 30, Dec. 31,
1996 1995
Cash and investments $10,822 $11,629
Total assets 21,250 21,705
Liabilities 1,803 2,648
Shareholders' equity 19,447 19,057
Net working capital 17,765 17,505
CONTACT: INTERPORE International |
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