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Misonix Reports a 29% and 24% Increase in Revenue for the Second Quarter and Six Months Fiscal 2012 Financial Results
Date:2/8/2012

FARMINGDALE, N.Y., Feb. 8, 2012 /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 second fiscal quarter and six months ending December 31, 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, February 8, 2012 at 4:30 pm EASTERN to discuss the Company's second quarter results.

The Company also reported the following financial and operational achievements:

  • A 29% increase in revenue for the three months ending December 31, 2011 compared with the same period ending December 31, 2010.
  • A 24% increase in revenue for the six months ending December 31, 2011 compared with the same period ending December 31, 2010.
  • Gross profits as a percentage of revenue were 63.9% for the three months ending December 31, 2011 compared with 62.4% for the three months ending December 31, 2010.
  • Gross profits as a percentage of revenue were 59.6% for the six months ending December 31, 2011 compared with 58.6% for the six months ending December 31, 2010.
  • Net income reported from continuing operations of $228,000 for the three months ending December 31, 2011 compared with a loss of $505,000 for the same period in fiscal 2011.
  • Sold Laboratory and Forensic Safety Products business for $1.5 million plus potential $500,000 over the next 3 years.

  • Revenue for the three months ended December 31, 2011 was $3.6 million, a 29% increase when compared with $2.8 million for the same period in fiscal 2011.  The increase in medical device products sales was
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    SOURCE Misonix, Inc.
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