Misonix Contact: Investor Relations Contact:
Richard Zaremba Joe Diaz, Lytham Partners
631-694-9555 602-889-9700
invest@misonix.com mson@lythampartners.com

 

Misonix Reports Nine Months Fiscal 2013 Financial Results

 

Recurring Revenue for the Nine months Equal 43% of Net Sales

 

 

FARMINGDALE, NY – May 9, 2013 –

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 nine months and the third quarter of fiscal year 2013, ended March 31, 2013.

 

Highlights for the quarter and the nine month period include:

 

·Revenue for the nine months increased 7% to $11.1 million compared to $10.4 million in the first nine months of 2012. Third quarter revenue decreased 17% to $3.0 million compared to $3.6 million in the third quarter of 2012.

 

·BoneScalpel™ revenue increased 55% for the first nine months of 2013; SonicOne revenue increased 83% for the nine months.

 

·Excluding revenue from legacy products, BoneScalpel, SonicOne and SonaStar revenue increased 27% for the first nine months of fiscal 2013 to $10.2 million versus the comparable period in 2012.

 

·For the nine months, BoneScalpel, SonicOne and SonaStar domestic sales increased 39% to $3.6 million.

 

·Bone Scalpel domestic disposables revenue and domestic units sold increased 48% and 44% respectively, over the second quarter fiscal 2013.

 

·Royalty income received totaled $1.8 million for the nine months ended March 31, 2013 versus $462,000 for the same period in fiscal 2012.

 

·During the quarter, the Company received 2 method-of-use patents related to the BoneScalpel product; and applied for 5 patents, including method-of-use and upgraded technology for the BoneScalpel product.

 

 


The following information was filed by Misonix Inc (MSON) on Friday, May 10, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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