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Misonix Reports Strong Revenue Increases for the First Quarter of Fiscal 2013
Date:11/7/2012

FARMINGDALE, N.Y., Nov. 7, 2012 /PRNewswire/ -- Misonix, Inc. (NASDAQ: MSON), a surgical device company that designs, manufactures and markets innovative therapeutic ultrasonic products worldwide for spine surgery, cranial maxillo – facial surgery, neurosurgery,  wound debridement, cosmetic surgery, laparoscopic surgery and other surgical applications, today reported financial results for the first quarter of fiscal year 2013, ended September 30, 2012.

Highlights for the quarter and the fiscal year include:

  • Revenue for the first quarter of fiscal 2013 increased 42% to $4.6 million compared to $3.2 million in the comparable quarter of fiscal 2012.
  • U.S. revenue increased 30%, International revenue increased 58% versus the first quarter of fiscal 2012.
  • Gross margin increased 490 basis points to 59.7% for the three months ended September 30, 2012 versus 54.8% in the first quarter of 2012.
  • BoneScalpel™ revenue increased 220% for the first quarter of 2013 versus the prior year three month period.
  • SonicOne™ revenue increased 97% for the first quarter versus the comparable quarter of fiscal 2012.
  • SonaStar™ revenue increased 21% for the first quarter versus the last year's comparable quarter.
  • Net income for the quarter was $44,834, or $0.01 per diluted share, compared to a net loss of $883,942, or $(0.13) per diluted share in the first quarter of 2012.
  • Cash and cash equivalents totaled $6.7 million at September 30, 2012 with no long-term debt.
  • Q1 2013 Financial Results:
    For the first quarter of fiscal 2013, revenue increased 42% to $4.6 million compared to $3.2 million in the first quarter of 2012. BoneScalpel revenue for the quarter increased 220% to $2.1 million compared to $655,686 in last year's first quarter. SonicOne revenue increased 97% to $500,886 compared t
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    SOURCE Misonix, Inc.
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