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MISONIX INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Sep 2, 2021. Its latest SEC filing is a 4 from Dec 8, 2021.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells ultrasonic surgical devices, skin grafts, and wound-care products to hospitals, surgeons, and wound-care providers.

How Did They Make Money?

Hospitals and distributors buy its medical products; product income is counted when goods ship or arrive, rental income month by month, and service income over contract terms.

revenue

Who Were Their Customers?

In the United States, Misonix sells through its direct sales force and commissioned agents; outside the country, specialty distributors buy BoneScalpel and SonaStar and resell them to hospitals.

Did Revenues Turn Into Profits?

Yes. It kept 25 cents of every revenue dollar as net income in .

Operating income,
−8% of revenue
▼ −33% (Loss) vs (−$2.5M, −15%)
Net income,
25% of revenue
▲ +300% vs ($1.4M, 8%)

How Were They Changing?

Since the FY2021 annual report
  • Oct 29, 2021 Bioventus completed its acquisition of Misonix The mergers were completed, and Misonix stockholders received cash or Bioventus shares.

Grew. Revenue grew 42% in 3 years, from $15.7M in to $22.2M in , about 12% a year.

Added wound-healing products The earlier report described ultrasonic medical devices; the latest also describes marketing skin allografts and other wound-care products alongside those devices.

Moved neXus into its product lineup The older report described the Nexus platform as under development; the latest describes neXus as an integrated system combining capabilities of existing surgical products.

Who Did They Compete With?

Competes with Johnson & Johnson, Integra Life Sciences, Söering, Stryker, Smith & Nephew, MiMedx, and Organogenesis

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