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Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009
Date:5/11/2009

FARMINGDALE, N.Y., May 11 /PRNewswire-FirstCall/ -- Misonix, Inc. (Nasdaq: MSON), a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions, today reported financial results for the three and nine months ended March 31, 2009. Michael A. McManus, Jr., President and Chief Executive Officer, and Richard Zaremba, Senior VP and Chief Financial Officer, will host a conference call Tuesday, May 12, 2009 at 4:30 pm to discuss the Company's third fiscal quarter and nine months financial results.

The Company also reported the following financial and operational achievements:

  • $.02 diluted earnings per share, for the three months ended March 31, 2009.
  • $.09 diluted earnings per share, for the nine months ended March 31, 2009.
  • Received $3.5 million in cash on April 7, 2009 after closing a transaction for the sale of our Ultrasonics laboratory product line.
  • Executed distribution agreement in Portugal for the SonicOne Ultrasonic Wound Debridement System, Sonastar Ultrasonic Surgical Aspirator and BoneScalpel Ultrasonic Bone Cutter.

Revenues for the three months ended March 31, 2009 were $8.0 million, a $2.7 million decrease when compared with revenues of $10.7 million for three months ended March 31, 2008. The decrease in revenues for the three months ended March 31, 2009 was due to a $1.7 million decrease in medical product device sales to $4.8 million and a decrease in laboratory and scientific product sales of $977,000 to $3.2 million. The decrease in sales of medical device products was primarily attributable to lower sales of the Company's Neuroaspirator product, the Lysonix Ultrasonic Assisted Liposuction product, OEM pro
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SOURCE Misonix, Inc.
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