Misonix reported financial results for the fourth quarter and fiscal year, ended June 30.
Here are 10 observations:
Fourth quarter 2017
1. The company's net sales rose to $7.9 million, up 23 percent from the same period in 2016.
2. Domestic sales hit $4.4 million, up 18 percent from the fourth quarter of 2016.
3. Misonix's gross profit margin was 69.9 percent, compared to 68 percent in the same period the year prior.
Fiscal year 2017
4. The company's revenue reached $27.3 million, reflecting an 18 percent increase over the fiscal year 2016.
5. Domestic sales reached $16.5 million, compared to $13.1 in fiscal year 2016.
6. The company saw U.S. consumables sales of $14.9 million, a 32 percent increase compared to fiscal year 2016.
7. Misonix reported gross profit margin of 69.9 percent.
8. Operating expenses increased to $25.7 million, a $4.4 million spike over the fiscal year 2016.
9. Misonix noted a net loss of $1.7 million, compared to $1.2 million in fiscal year 2016.
10. Misonix had cash of $11.6 million as of June 30.