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

tingenciesStockholders' equity:  Capital stock, $0.01 par value - shares authorized 20,000,000; 7,079,169  issued and 7,001,369 outstanding, respectively70,79270,792  Additional paid-in capital25,633,71525,502,717  Accumulated deficit(8,588,811)(7,034,799)  Treasury stock, 77,800 shares(412,424)(412,424)Stockholders' equity16,703,27218,126,286Total liabilities and stockholders' equity$19,450,088$20,458,155MISONIX, INC. And SubsidiariesConsolidated Statements of OperationsUnauditedThree Months EndedSix Months EndedDecember 31,December 31,2010

20092010

2009Net sales

$3,423,689

$3,148,174$6,681,677

$5,779,191Cost of goods sold

1,537,107

1,642,3823,157,810

3,264,275Gross profit

1,886,582

1,505,7923,523,867

2,514,916Selling expenses

1,054,693

1,058,8792,019,700

1,978,486General and administrative expenses

1,109,482

1,490,4842,327,287

2,803,164Research and development expenses

428,285

523,571888,779

946,040Total operating expenses

2,592,460

3,072,9345,235,766

5,727,690Operating loss from continuing operations

(705,878)

(1,567,142)(1,711,899)

(3,212,774)Total other income

144,682

64,810346,272

217,534Loss from continuing operations before  income taxes

(561,196)

(1,502,332)(1,365,627)

(2,995,240)Income tax (benefit)

4,000

(936,913)42,100

(1,182,677)Net loss from continuing operations

(565,196)

(565,419)(1,407,727)

(1,812,563)Discontinued operations:Net income (loss) from discontinued operations, net of income tax expense of $0,$0, $0 and $470,397

29,030

237,724(146,285)

765,217Net loss from sale of discontinued operations, net of income tax expense of $0, $0, $0 and $957,937

-

82,897-

(112,819)Noncontrolling interest in discontinued operat
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SOURCE Misonix, Inc.
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