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Milestone Scientific Announces 2007 Year-End Results
Date:3/31/2008

(56,045,915)

Treasury stock, at cost, 33,333 shares (911,516)

Total stockholders' equity 1,538,318

Total liabilities and stockholders'

equity $4,989,565

MILESTONE SCIENTIFIC INC.

STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2007 AND 2006

2007 2006

Product sales, net $6,262,608 $5,566,425

Royalty income 128,105 277,752

Total revenue 6,390,713 5,844,177

Cost of products sold 2,898,048 3,002,615

Royalty expense - 33,031

Total cost of revenue 2,898,048 3,035,646

Gross profit 3,492,665 2,808,531

Selling, general and administrative expenses 6,335,556 5,326,032

Research and development expenses 397,354 1,005,285

6,732,910 6,331,317

Loss from operations (3,240,245) (3,522,786)

Other income & expense

Other income 552,005 283,107

Interest income 17,440 87,411

Gain/Loss on disposal of asset (241,530) -

Interest expense (19,752) -

Amortize debt issuance (6,614) -

Total other income 301,549 370,518

Net loss $(2,938,696) $(3,152,268)

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SOURCE Milestone Scientific, Inc.
Copyright©2008 PR Newswire.
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