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

ause actual results to differ materially from the statements made. These factors include general economic conditions, delays and risks associated with the performance of contracts, risks associated with international sales and currency fluctuations, uncertainties as a result of research and development, acceptable results from clinical studies, including publication of results and patient/procedure data with varying levels of statistical relevancy, risks involved in introducing and marketing new products, potential acquisitions, consumer and industry acceptance, litigation and/or court proceedings, including the timing and monetary requirements of such activities, the timing of finding strategic partners and implementing such relationships,  regulatory risks including approval of pending and/or contemplated 510(k) filings, the ability to achieve and maintain profitability in the Company's business lines, and other factors discussed in the Company's Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.  The Company disclaims any obligation to update its forward-looking relationships.MISONIX, INC. And SubsidiariesConsolidated Balance Sheets  September 30, 2011  June 30, 2011 Unaudited Derived from audited financial statementsAssetsCurrent Assets:  Cash and cash equivalents$6,206,855$6,881,093  Accounts receivable, less allowancefor doubtful accounts of $130,739 and$115,739, respectively2,050,5262,294,254  Inventories, net3,879,8753,779,020  Prepaid expenses and other current assets267,854374,472  Note receivable460,000210,000Total current assets12,865,11013,538,839Property, plant and equipment, net1,069,395991,195Goodwill1,701,0941,701,094Other assets1,807,8182,127,194Total assets$17,443,417$18,358,322Liabilities and stockholders' equityCurrent liabilities:  Accounts payable$
,971,100$
,336,558  Accrued expenses and other current liabilities1,230,1431,969,078
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SOURCE Misonix, Inc.
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