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Misonix Reports Fourth Quarter and Year-End Fiscal 2011 Financial Results
Date:9/20/2011

d June 30, 2010.  Gross profit percentage for medical device products sales was 56.7% for the three months ended June 30, 2011 compared to 57.5% for the three months ended June 30, 2010.  Gross profit percentage for medical device products sales was unfavorably impacted by product mix in the three months ended June 30, 2011.  Gross profit percentage for laboratory and scientific products sales decreased to 13.5% for the three months ended June 30, 2011 from 32.7% for the three months ended June 30, 2010, primarily due to reduced sales volume.

The Company reported a net loss from continuing operations of $608,000 for the three months ended June 30, 2011 compared with a net loss of $588,000 for the same period in fiscal 2010.  The Company reported a net loss for the three months ended June 30, 2011 of $1.4 million or $.21 per share including a loss of $841,000 from discontinued operations (including previously discussed legal expenses and settlement costs incurred in the PuriCore matter). This compares to a net loss of $1.5 million or $.21 per share including a loss of $874,000 from discontinued operations for the three months ended June 30, 2010.

Revenue for the year ended June 30, 2011 was $14.4 million, an 8% increase when compared with $13.4 million for fiscal 2010.  Medical device products sales increased $1.6 million or 15.2% to $12.4 million and laboratory and scientific products sales decreased $567,000 to $2.1 million.  The increase in medical device products sales was primarily attributable to sales of the Company's Wound Debridement and Neuroaspirator products.

Gross profit percentage increased to 52.5% for the year ended June 30, 2011 from 48.8% for fiscal 2010.

The Company reported a pre-tax loss from continuing operations of $2.4 million for the year ended June 30, 2011 compared to a pre-tax loss of $2.9 million for fiscal 2010. The Company reported a net loss for the year of $3.5 million or $.50
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SOURCE Misonix, Inc.
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