$MLSS
MILESTONE SCIENTIFIC INC.

2016 Q1 Form 10-Q Financial Statement

#000156459016019566 Filed on May 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $3.569M $2.770M
YoY Change 28.85% 5.7%
Cost Of Revenue $1.368M $933.1K
YoY Change 46.62% 5.68%
Gross Profit $2.201M $1.837M
YoY Change 19.82% 5.71%
Gross Profit Margin 61.67% 66.31%
Selling, General & Admin $3.001M $1.898M
YoY Change 58.11% 36.27%
% of Gross Profit 136.34% 103.32%
Research & Development $143.4K $10.00K
YoY Change 1334.42% -36.39%
% of Gross Profit 6.52% 0.54%
Depreciation & Amortization $22.79K $5.791K
YoY Change 293.47% 43.31%
% of Gross Profit 1.04% 0.32%
Operating Expenses $3.145M $1.898M
YoY Change 65.67% 34.75%
Operating Profit -$943.4K -$71.14K
YoY Change 1226.04% -121.61%
Interest Expense $0.00 -$360.0K
YoY Change -100.0% -75889.47%
% of Operating Profit
Other Income/Expense, Net -$1.237K -$356.5K
YoY Change -99.65% 165.22%
Pretax Income -$944.3K -$427.6K
YoY Change 120.83% -319.49%
Income Tax $46.83K
% Of Pretax Income
Net Earnings -$750.1K -$419.4K
YoY Change 78.85% -315.25%
Net Earnings / Revenue -21.01% -15.14%
Basic Earnings Per Share -$0.03 -$0.02
Diluted Earnings Per Share -$0.03 -$0.02
COMMON SHARES
Basic Shares Outstanding 22.61M 22.35M
Diluted Shares Outstanding 22.61M 22.35M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.670M $9.330M
YoY Change -71.38% 566.43%
Cash & Equivalents $2.672M $9.331M
Short-Term Investments
Other Short-Term Assets $510.0K $870.0K
YoY Change -41.38% 262.5%
Inventory $5.150M $3.020M
Prepaid Expenses
Receivables $2.270M $1.640M
Other Receivables $60.00K $200.0K
Total Short-Term Assets $10.66M $15.07M
YoY Change -29.26% 136.58%
LONG-TERM ASSETS
Property, Plant & Equipment $220.9K $90.00K
YoY Change 145.44% 350.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $970.0K
YoY Change -100.0% 8.99%
Other Assets $17.36K $10.00K
YoY Change 73.55% 0.0%
Total Long-Term Assets $947.0K $1.580M
YoY Change -40.06% -8.14%
TOTAL ASSETS
Total Short-Term Assets $10.66M $15.07M
Total Long-Term Assets $947.0K $1.580M
Total Assets $11.61M $16.65M
YoY Change -30.29% 105.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.866M $1.230M
YoY Change 51.74% 0.82%
Accrued Expenses $1.375M $630.0K
YoY Change 118.28% 31.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.240M $1.860M
YoY Change 74.19% -15.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.240M $1.860M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.600M $2.340M
YoY Change -31.62% 5.88%
SHAREHOLDERS EQUITY
Retained Earnings -$68.19M
YoY Change
Common Stock $79.10M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $911.5K
YoY Change
Treasury Stock Shares $33.33K
Shareholders Equity $10.00M $14.31M
YoY Change
Total Liabilities & Shareholders Equity $11.61M $16.65M
YoY Change -30.27% 105.79%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$750.1K -$419.4K
YoY Change 78.85% -315.25%
Depreciation, Depletion And Amortization $22.79K $5.791K
YoY Change 293.47% 43.31%
Cash From Operating Activities -$1.390M -$680.0K
YoY Change 104.41% -345.52%
INVESTING ACTIVITIES
Capital Expenditures $4.822K $2.421K
YoY Change 99.17% -47.55%
Acquisitions
YoY Change
Other Investing Activities -$110.0K -$450.0K
YoY Change -75.56% 650.0%
Cash From Investing Activities -$130.0K -$460.0K
YoY Change -71.74% 626.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 100.0K
YoY Change -100.0% 163.16%
NET CHANGE
Cash From Operating Activities -1.390M -680.0K
Cash From Investing Activities -130.0K -460.0K
Cash From Financing Activities 0.000 100.0K
Net Change In Cash -1.520M -1.040M
YoY Change 46.15% -513.27%
FREE CASH FLOW
Cash From Operating Activities -$1.390M -$680.0K
Capital Expenditures $4.822K $2.421K
Free Cash Flow -$1.395M -$682.4K
YoY Change 104.39% -350.57%

Facts In Submission

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