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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

  Inventories, net3,658,4093,130,207   Prepaid expenses and other current assets172,224374,472   Note receivable410,500210,000   Current assets of discontinued operations498,234857,095Total current assets13,311,96813,538,839Property, plant and equipment, net958,664969,336Goodwill1,701,0941,701,094Other assets1,748,3382,127,194Assets of discontinued operations-21,859Total assets$17,720,064$18,358,322Liabilities and stockholders' equityCurrent liabilities:   Accounts payable$
,041,124$
,110,694   Accrued expenses and other current liabilities1,109,4551,969,078   Liabilities of discontinued operations228,675225,864Total current liabilities2,379,2543,305,636Deferred income$
39,253$
,360Deferred lease liability18,51914,043Total liabilities2,537,0263,481,039Commitments and contingenciesStockholders' equity:   Capital stock, $0.01 par value - shares authorized 20,000,000; 7,079,170   issued and 7,001,370 outstanding, respectively70,79270,792   Additional paid-in capital25,957,57825,787,960   Accumulated deficit(10,432,908)(10,569,045)   Treasury stock, 77,800 shares(412,424)(412,424)Stockholders' equity15,183,03814,877,283Total liabilities and stockholders' equity$17,720,064$18,358,322MISONIX, INC. And SubsidiariesConsolidated Statements of OperationsUnauditedThree Months EndedSix Months EndedDecember 31,December 31,2011

20102011

2010Net sales

$3,550,535

$2,762,556$6,767,734

$5,454,824Cost of goods sold

1,281,561

1,039,3072,734,968

2,259,004Gross profit

2,268,974

1,723,2494,032,766

3,195,820Selling expenses

1,194,045

907,6932,374,297

1,728,207General and administrative expenses

1,082,385

1,109,4822,250,205

2,327,287Research and development expenses

303,702

352,161613,676

733,438Total operating expenses

2,580,132

2,369,3365,238,178

4,788,932Loss
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SOURCE Misonix, Inc.
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