Misonix reports Q3 revenue increases
Article Thumbnail ImageMay 9, 2012 -- Ultrasound technology developer Misonix reported revenue increases in its third quarter due to increased sales of its SonaStar ultrasonic surgical aspirator and BoneScalpel ultrasonic bone cutter.
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Sales for the third quarter of fiscal 2012 (end-March 31) increased 14.5% to $3.6 million, compared with $3.1 million in the comparable quarter of 2011. For the nine-month period, Misonix's revenues increased to $10.4 million, up 20.6% compared to $8.6 million for the same period last year.

Net loss for the quarter improved to $215,000, compared with a $531,000 net loss in the third quarter of 2011. For the nine months, Misonix reported a net loss of $78,000, compared with a net loss of $2.1 million in 2011.