Ultrasound developer Misonix of Farmingdale, NY, reported a 23% increase in its 2004 first-quarter revenues, stated at $8.6 million, compared with $7 million for the same period in fiscal 2003. For the period (end-September 30), the company recorded net income of $394,000, a seven-fold gain compared with net income of $51,000 for the same period in fiscal 2003.
Medical device revenues increased 45% to $4.6 million and industrial revenues increased 5% to $4 million. The increase in medical device revenues was attributable to a 39% increase in diagnostic medical device revenue, to $2.2 million, and a 51% increase in therapeutic medical device revenue, to $2.4 million, Misonix said.
By AuntMinnie.com staff writersOctober 30, 2003
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