Milestone Scientific reports increase in revenues in first 6 months of 2009

    Aug. 11, 2009
    Company notes 44% revenue increase in first six moths of year as compared to prior year.

    PISCATAWAY, New Jersey--Milestone Scientific, a leader in advanced injection technologies, has announced its second quarter financial results for the three and six months ended June 30, 2009.

    Here are the financial highlights when comparing three months ended June 30, 2009, with three months ended June 30, 2008:

    *Total revenues rose to $2.04 million, up 32% from $1.55 million.
    1. Total instrument sales increased 533% to $816,000 from $129,000.
    2. Sales of disposable hand pieces declined 14% to $1.20 million from $1.39 million.
    3. Overall domestic sales improved 43%, rising to $1.41 million from $989,000.
    4. International sales increased 14% to $629,000 from $552,000.