Ultrasound developer Misonix of Farmingdale, NY, reported a 14% increase in its 2004 second-quarter revenues, stated at $9.3 million, compared with $8.2 million for the same period in fiscal 2003. For the period (end-December 31), the company logged net income of $389,000, a more than three-fold gain compared with net income of $113,000 for the same period in fiscal 2003.
Medical device revenues increased 27% to $5.1 million and laboratory and scientific revenues increased 1% to $4.2 million, the company said.
The increase in medical device product revenues was attributable to a 37% increase in therapeutic medical device product revenues to $2.9 million and a 16% increase in diagnostic medical device product revenues to $2.2 million. The increase in laboratory and scientific product revenues were attributable mainly to a 43% increase in sales of ultrasonic laboratory products and a 4% increase in sales of Labcaire’s endoscopic cleaning and disinfecting units. The gain was partially offset by a 12% decrease in fume enclosure sales and a 46% reduction in wet scrubbers sales, Misonix said.
By AuntMinnie.com staff writersJanuary 29, 2004
Related Reading
Misonix shows Q1 uptick, October 30, 2003
Misonix gets approvals for Sonablate 500, August 10, 2001
Misonix hires Berger as scientific and industrial VP, May 18, 2001
Misonix to deliver SonoReal, April 6, 2001
Misonix completes purchase of Fibra Sonics, February 14, 2001
Copyright © 2004 AuntMinnie.com
