Today it was reported that the VP – US Sales of Misonix (MSON), Christopher H. Wright, exercised options to sell 10,000 MSON shares at $7.67 a share, for a total transaction value of $163.1K.
In addition to Christopher H. Wright, one other MSON executive reported Sell trades in the last month.
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Based on Misonix’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $9.36 million and GAAP net loss of $2.61 million. In comparison, last year the company earned revenue of $7.28 million and had a GAAP net loss of $1.21 million. Currently, Misonix has an average volume of 1,162.
In the last 30 days, insiders have sold $163.1K worth of MSON shares and purchased $5,411 worth of MSON shares. The insider sentiment on Misonix has been positive according to 11 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Misonix, Inc. is a medical device company, which engages in the design, development, manufacture and marketing of therapeutic ultrasonic medical devices. Its products include the bonescalpel cutting system, which is used for surgical procedures of the spine and on maxillofacial procedures; the sonastar surgical aspirator, which is used to emulsify and remove soft and hard tumors; the sonicone wound cleansing and debridement system, which offers tissue specific debridement and cleansing of wounds for effective removal of devitalized tissue and fibrin deposits while sparing viable cells. The company’s ultrasonic medical devices are used in the following surgeries: spine, neuro, orthopedic, wound debridement, cosmetic, laparoscopic, and medical applications. The company was founded by Howard Alliger in 1959 and is headquartered in Farmingdale, NY.
