Misonix Reports Fourth Quarter and Fiscal Year 2019 Results
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Misonix (MSON) Misses Q4 EPS by 10c, Revenues Miss
August 14, 2019 4:16 PM EDTMisonix (NASDAQ: MSON) reported Q4 EPS of ($0.25), $0.10 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $9.75 million versus the consensus estimate of $10.21 million.
Fourth Quarter and Full Year 2019 Highlights:
Fiscal fourth quarter 2019 revenue increased approximately 12.9% to $9.8 million, compared to $8.6 million in fiscal fourth quarter 2018. Total fiscal Q4 2019 product revenue growth reflects a 23.3% increase in consumables revenue and a 12.8% decline in equipment revenue as compared to fiscal Q4 2018.Fiscal fourth quarter 2019 domestic product revenue increased 22.0% to $6.1 million, including a 16.4% increase in recurring consumables revenue and a 97.0% rise in equipment... More