Therapeutic ultrasound vendor Misonix posted revenue growth for both its fiscal fourth quarter and year for 2015.
For the quarter (end-June 30), the company saw net sales of $6.7 million, up 21% compared with $5.6 million for the same period in 2014. Its full-year sales were $22.2 million, up 30% compared with $17.1 million in 2014.
Net income for the third quarter was $3.8 million, up from $1.4 million in 2014. For the fiscal year, Misonix's net income was $5.6 million compared with $1.4 million last year.
Revenue from the firm's SonicOne device increased 99% during the quarter, from $494,000 in 2014 to $985,000 in 2015. SonicOne full-year 2015 revenue increased 47%, from $2.2 million last year to $3.3 million.
