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Stock Market & Financial Investment News

News Breaks
March 10, 2014
07:30 EDTBONEBacterin secures additional OrbiMed financing
Bacterin International Holdings announced the closing of an additional $4M financing from OrbiMed. The additional $4M was provided on the same terms as the $20M term loan the company received in August of 2012. In conjunction with the financing, Bacterin agreed to issue 1.5 million shares of common stock to an affiliate of OrbiMed. The proceeds will be used by the company for working capital and general corporate purposes.
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July 23, 2014
07:31 EDTBONEBacterin announces 1 for 10 reverse split of common stock
Bacterin announced that a 1:10 reverse split of its common stock will be effective at the close of business on Friday, July 25 and in effect for trading purposes on Monday, July 28. The reverse stock split was approved by the company's shareholders at the 2014 Annual Shareholder's Meeting held June 11.
July 21, 2014
18:00 EDTBONEBacterin reports preliminary Q2 revenue $8.75M-$8.85M, consensus $8.93M
The company sees preliminary Q2 operating loss ($1.5M)-($1.4M). The company sees preliminary Q2 EBITDA of ($800K)-($900K). Gross margin for Q2 is expected to be 61%-63%.

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