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

% for the three months ended December 31, 2009.  Gross profit percentage for medical device product sales increased to 62.4% for the three months ended December 31, 2010 from 52.0% for the three months ended December 31, 2009.  Gross profit percentage for medical device product sales was favorably impacted in the three months ended December 31, 2010 predominately by a favorable mix of higher margin Neuroaspirator products.  Gross profit for laboratory and scientific product sales decreased to 24.7% for the three months ended December 31, 2010 from 31.8% for the three months ended December 31, 2009.

The Company reported a pre-tax loss from continuing operations of $561,000 for the three months ended December 31, 2010 compared with a pre-tax loss of $1.5 million for the same period in fiscal 2010.  The Company reported a net loss attributable to Misonix, Inc. shareholders for the three months ended December 31, 2010 of $536,000 or $.08 per share including income of $29,000 from discontinued operations compared to a net loss of $224,000 or $.03 per share including income of $342,000 from discontinued operations for the three months ended December 31, 2009.

Revenue for the six months ended December 31, 2010 was $6.7 million, a 16% increase when compared with $5.8 million for the same period in fiscal 2010.  Medical device products sales increased $957,000 or 21% to $5.5 million and laboratory and scientific product sales decreased $55,000 to $1.2 million.

Gross profit percentage increased to 52.7% for the six month ended December 31, 2010 from 43.5% for the same period in fiscal 2010.

The Company reported a pre tax loss from continuing operations of $1.4 million for the six months ended December 31, 2010 compared to a loss of $3.0 million for the same period in fiscal 2010.  The Company reported a net loss attributable to Misonix, Inc. shareholders for the six months ended December 31, 2010 of $1.6 million or $.2
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SOURCE Misonix, Inc.
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