Misonix Reports Fourth Quarter and 2010 Financial Results

Misonix, Inc. MSON today reported financial results for the fourth fiscal quarter and year ending June 30, 2010. The Company reported a net loss from continuing operations of $588,000 or $.08 per share for the three months ended June 30, 2010 compared with a loss of $1.2 million or $.17 per share for the same period in fiscal 2009. The Company reported a net loss attributable to Misonix, Inc. shareholders for the three months ended June 30, 2010 of $1.5 million or $.20 per share which included a loss from discontinued operations of $874,000 or $.12 per share related to the sale of the Company's Labcaire, Sonora, and the licensed Focus Surgery High Intensity Focused Ultrasound business during the year, compared to net income attributable to Misonix, Inc. shareholders of $2.4 million or $.35 per share which included income from discontinued operations of $3.6 million, or $.52 per share for the three months ended June 30, 2009, which primarily related to the sale of the Ultrasonic's business in April 2009. The Company also reported the following financial and operational achievements: --A 43% increase in revenue for the fourth quarter of fiscal 2010 compared with the fourth quarter fiscal 2009 --Gross profit as a percentage of revenues increased to 53.6% in the fourth quarter of fiscal 2010 --Revenues increased 5% for the fiscal 2010 year ended June 30, 2010 --Gross profit as a percentage of revenues increased to 48.8% for the fiscal 2010 year ending June 30, 2010