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Misonix Reports a 14.8% Increase in Revenue for the First Quarter Fiscal 2012 Financial Results
Date:11/9/2011

FARMINGDALE, N.Y., Nov. 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 first fiscal quarter ending September 30, 2011.  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, November 9, 2011 at 4:30 pm to discuss the Company's first quarter results.

The Company also reported the following financial and operational achievements:

  • A 14.8% increase in revenue for the three months ending September 30, 2011 compared with the same period ending September 30, 2010.
  • Medical device products revenue increased 19.5% for the three months ending September 30, 2011 compared with the same period ending September 30, 2011.
  • Gross profits as a percentage of revenue were 51.4% for the three months ending September 30, 2011 compared with 50.3% for the 3 months ending September 30, 2010.

  • Revenue for the three months ended September 30, 2011 was $3.7 million, a 14.8% increase when compared with $3.3 million for the same period in fiscal 2010.  Medical device products sales increased $525,000 or 19.5% to $3.2 million and laboratory and scientific products sales decreased $44,000 to $522,000 for the three months ended September 30, 2011.  The increase in medical device products sales was primarily attributable to sales of the Company's BoneScalpel and Neuroaspirator products.

    Gross profit as a percentage of sales (gross profit percentage) was 51.4% for the three months ended September 30, 2011 compared with 50.3% for the three months ended Sept
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    SOURCE Misonix, Inc.
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