DALLAS, May 5, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Misonix Inc. (Nasdaq:MSON). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/MSON
Misonix Inc. (MSON) designs, manufactures, markets and develops minimally invasive ultrasonic medical device products. It also develops and markets ductless fume enclosures for filtration of gaseous contaminates in the laboratory and forensic markets. It has two segments, which are organized by product types: laboratory and scientific products and medical devices. Laboratory and scientific products include the Sonicator ultrasonic liquid processor, Aura ductless fume enclosure, Labcaire Autoscope and Guardian endoscope disinfectant systems. Medical devices include the Auto Sonix ultrasonic cutting and coagulatory system, and replacement transducers for the medical diagnostic ultrasound industry, ultrasonic lithotriptor, ultrasonic neuroaspirator (used for neurosurgery) and soft tissue aspirator (used for the cosmetic surgery). On August 5, 2009, the Company sold Labcaire Systems Ltd. On April 7, 2009, it sold the assets of its Ultrasonic Laboratory Products business.
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In the report, the analyst notes:
"Revenues for the three months ended December 31, 2009, were $3.4 million, a decrease of $1.5 million when compared with $4.9 million for the same period in fiscal 2009. Medical device product sales decreased $1.3 million to $2.7 million and laboratory and scientific product sales decreased $200,000 to $654,000 for the three months ended December 31, 2009.
"MSON, a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions, has entered into a new, three-year, exclusive distribution agreement with Suministros Medicos Multimedicas, based in Caracas, Venezuela, for the distribution of the SonaStar(TM) Ultrasonic Surgical Aspirator, the BoneScalpel(TM) Ultrasonic Bone Cutter, and the SonicOne(R) Ultrasonic Wound Debrider. The agreement provides Suministros with the rights to sell and distribute in Venezuela, and includes minimum purchase requirements."
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