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Misonix Reports Second Quarter and Six Months Fiscal 2011 Financial Results
Date:2/9/2011

FARMINGDALE, N.Y., Feb. 9, 2011 /PRNewswire/ -- Misonix, Inc. (Nasdaq: MSON), a medical device company that designs, manufactures, and markets innovative, therapeutic, ultrasonic products worldwide for wound debridement, cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical applications, today reported financial results for the second fiscal quarter and six months ending December 31, 2010.  Michael A. McManus Jr., President and Chief Executive Officer, and Richard Zaremba, Senior Vice President and Chief Financial Officer, will host a conference call Wednesday, February 9, 2011 at 4:30 pm to discuss the Company's second quarter and six month results.

The Company also reported the following financial and operational achievements:

  • A 9% and 16% increase in revenue for the three and six months ending December 31, 2010, respectively, compared with the same period ending December 31, 2009.
  • Medical device products revenue increased 11% and 21% for the three and six months ending December 31, 2010, respectively, compared with the same period ending December 31, 2009.
  • Gross profit as a percentage of revenue increased to 55.1% and 52.7% for the three and six months ending December 31, 2010, respectively.

  • Revenue for the three months ended December 31, 2010 was $3.4 million, a 9% increase when compared with $3.1 million for the same period in fiscal 2010.  Medical device product sales increased $268,000 or 11% to $2.8 million and laboratory and scientific product sales increased $7,000 to $661,000 for the three months ended December 31, 2010.  The increase in medical device product sales was primarily attributable to sales of the Company's Neuroaspirator products.

    Gross profit as a percentage of sales (gross profit percentage) increased to 55.1% for the three months ended December 31, 2010 from 47.8
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    SOURCE Misonix, Inc.
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