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Misonix Reports Preliminary Fiscal 2020 Second Quarter Revenue of Approximately $19.7 Million

FARMINGDALE, N.Y., Jan. 13, 2020 (GLOBE NEWSWIRE) -- Misonix, Inc.A (Nasdaq: MSON) (a??Misonixa?? or the a??Companya??), a provider of minimally invasive therapeutic ultrasonic medical devices and regenerative products that enhance clinical outcomes, today announced preliminary unaudited fiscal 2020 second quarter revenue for the three months ended December 31, 2019 of approximately $19.7 million. In the comparable year ago period, Misonix reported revenue of $10.2 million.
Misonix President and Chief Executive Officer, Stavros Vizirgianakis, said, a??We are pleased to report another quarter of growth, including record revenues of approximately $19.7 million, representing a 94% increase over the prior year period and bringing our first half revenue to approximately $30.9 million, a 58% increase versus the first half of fiscal 2019. Our fiscal second quarter top-line growth reflects revenue from the Solsys acquisition, the continued development of our sales force across our surgical and wound divisions and positive preliminary contributions from the limited release of our Nexus platform.a??The ongoing success of the Solsys integration and our commencement of a broader market launch of our Nexus product will be reflected in our growth for the second half of fiscal 2020. As we look to the balance of the year, we remain confident in our ability to drive continued growth across the business and reiterate our full year guidance of pro-forma revenue growth in excess of 20% and gross profit margins of approximately 70%.a??On a pro forma basis including Solsys revenue from the second quarter of the prior year, revenue growth for the current quarter was over 17%. Misonix also reported that cash at December 31, 2019 was approximately $14.3 million.Misonix intends to announce its full fiscal second quarter 2020 results and host a webcast conference call in early February 2020.
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