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

be sales and MRI repairs, partially offset by an increase in the Bone Scalpel and SonicOne Wound Debridement Systems. The decrease in laboratory and scientific product sales was primarily due to the strengthening of the U.S. Dollar against the English Pound during the three months ended March 31, 2009 as compared to the three months ended March 31, 2008, reducing Labcaire sales reported in U.S. Dollars by approximately $1.0 million.

The Company reported net income for the third quarter of fiscal 2009, of $115,000 or $.02 diluted earnings per share compared with a net loss of $194,000 or $.03 loss per share for the same period in fiscal 2008.

Revenues for the nine months ended March 31, 2009 were $29.3 million, a $1.3 million decrease when compared with revenues of $30.6 million for the nine months ended March 31, 2008. The decrease in revenues for the nine months ended March 31, 2009 was due to a $614,000 decrease in medical device product sales to $17.2 million and a decrease in laboratory and scientific product sales of $650,000 to $12.1 million. The decrease in sales of medical device products was primarily attributable to lower sales of the Company's Neuroaspirator product, Lysonix Ultrasonic Assisted Liposuction product, Lithotripsy product, OEM probe sales and API tank and Subsystem sales. The decrease in laboratory and scientific sales was primarily attributable to the strengthening of the U.S. Dollar against the English Pound during the nine months ended March 31, 2009 as compared to the three months ended March 31, 2008, reducing sales reported in U.S. Dollars by approximately $2.3 million.

The Company reported net income for the nine months ended March 31, 2009, of $629,000 or $.09 diluted earnings per share compared with a net loss of $537,000 or $.08 loss per share for the same period in fiscal 2008.

On April 7, 2009, Misonix, Inc. sold the assets of its Ultrasonic laboratory product
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SOURCE Misonix, Inc.
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