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Misonix gains 19% on swing to black | Wall Street Beat

Tue, 09/18/2012 - 5:49pm
Mass Device

Shares of Misonix gain 19% on Wall Street today after the medical device company reports a swing to 4th-quarter and full-year black.

MassDevice.com Wall Street Beat

Misonix (NSDQ:MSON) shares are up 19% today after the medical device company swung to black ink for its fiscal 4th quarter and full year.

Farmingdale, N.Y.-based Misonix posted profits of $366,000, or 5¢ per share, on sales of $1.7 million for the 12 months ended June 30 – for a 26.7% top-line gain that helped Misonix swing from a $3.5 million loss during its last fiscal year.

For its fiscal 4th quarter, Misonix reported profits of $445,000, or 6¢ per share, on sales of $5.3 million, another swing to black ink and a 40.8% sales increase, compared with the same period last year.

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