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Milestone Scientific Inc.
Symbol:  MLSS


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Business Summary: Milestone Scientific Inc. provides technologies and solutions for the medical and dental markets in the United States and internationally. The company's products are based on an automated drug delivery technology `CompuFlo'.
 
Address
  220 South Orange Avenue
  Livingston , NJ 07039
  Phone: 973-535-2717
  Fax: 973-535-2829
  Website: http://www.milesci.com
Transfer Agent
  Continental Stock Transfer and Trust Co.
Employees:  14
ShareHolders:  2500
Founded:  1989
Domicile:  Delaware
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Milestone Scientific Inc. provides technologies and solutions for the medical and dental markets in the United States and internationally. The company's products are based on an automated drug delivery technology `CompuFlo'. Its principal products include STA Single Tooth Anesthesia System, a computer-controlled local anesthesia delivery system that incorporates the `pressure feedback' elements of its patented CompuFlo technology, which allows dentists to administer injections into the periodontal ligament space; CompuDent, a computer-controlled local anesthetic delivery system, which delivers anesthesia at a precise and consistent rate below a patient's pain threshold for dental treatments, such as root canals, crowns, fillings, and cleanings; and CompuMed, a computer-controlled injection system used in various applications, such as orthopedics, colorectal surgery, podiatry, dermatology, nasal and sinus surgery, cosmetic surgery, and hair transplantation. The company also provides the Wand, a hand piece that delivers AMSA, P-ASA, and Modified-PDL injections; and SafetyWand, a safety-engineered injection device that serves the clinical needs of dental and medical practitioners. It sells its products through sales and distribution partners. Milestone Scientific Inc. was founded in 1989 and is headquartered in Piscataway, New Jersey.
History:  INCORPORATED in Delaware Aug. 17, 1989. Name changed from U.S. Opportunity Search, Inc. to Milestone Scientific Inc. Dec. 6, 1996.
 
 
Capital Expenditures, thousand. US Dollars
  Year  Amount
  2009  52
  2008  13
  2007  108
 
Research and Development Expenditures, thousand. US Dollars
  Year  Amount
  2009  241
  2008  169
  2007  397
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Management
OfficersPosition
 Leslie  BernhardChairman
 Leonard A. OsserChief Executive Officer
 Joseph  D'AgostinoChief Financial Officer
 Dodi  HandyInvestor Relations Contact

Directors
 Leslie  Bernhard
 Jeffrey  Fuller
 Leonard A. Osser
 Leonard M. Schiller
 Pablo Felipe Serna Cardenas
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Common $0.001 par50,000,00014,778,474so1
 
LONG TERM DEBT: $577,546.
 
Common $0.001 par
 
UNITS OFFERED: February 27, 2004, the company, through underwriters Paulson Investment Company, Inc. and S.W. Bach & Company, offered 1,440,000 Units (each Unit consisting of two Common shares and one Warrant) at $6.52 per Unit; comm., $0.4564 per Unit. Each warrant entitled the holder to buy one Common share for five years from the closing of the offering at $4.89 per share. In addition, the underwriters received warrants to purchase 144,000 Units at $7.842 per Unit.
 
Stockholders:  12/31/2009, 2500.
Transfer Agent:  Continental Stock Transfer and Trust Co.   New York , NY
 
OTC Bulletin Board( Primary): MLSS
 
ExchangeYearHighLow
OTC Bulletin Board20091.95000.2500
OTC Bulletin Board20081.65000.1000
OTC Bulletin Board20073.94001.1000
OTC Bulletin Board20061.75000.8000
American Stock Exchange20054.30001.1000
American Stock Exchange20043.75001.5000
American Stock Exchange20032.80000.1400
American Stock Exchange20021.00000.0100
American Stock Exchange20012.25000.4600
American Stock Exchange20006.00000.7500
 
DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-3, Jan. 14, 2004.
 
 
  so1Excl. 33,333 in treas.
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Milestone Scientific Inc.
Symbol:  MLSS


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Annual Report
 
Income Statement
  20092008
REVENUES
Product Sales-net8,549,0606,595,525
Royalty Income-28,282
Total Revenues8,549,0606,623,807
EXPENSES
Cost of Sales(3,458,279)(2,681,116)
Selling, General and Administrative Expenses(6,952,976)(5,502,762)
Research and Development Expenses(241,318)(168,516)
Interest Expense(154,027)(116,374)
Amortized Debt Issuance(53,300)(27,446)
Interest Income3,1469,023
Other Income777,609675,930
Earnings before Taxes(1,530,085)(1,187,454)
TAXES AND OTHER EXPENSES
Net Income (Loss)(1,530,085)(1,187,454)
SUPPLEMENTARY INFO
Gross Profit/loss5,090,781.003,942,691.00
Operating Income (Loss)(2,103,513.00)(1,728,587.00)
Basic EPS - Continuing Operations(0.11)(0.09)
 
Balance Sheet
  20092008
CURRENT ASSETS
Cash and Cash Equivalents1,029,129743,665
Accounts Receivables1,063,742925,742
Inventories804,736719,902
Prepaid Expenses and Other Current Assets254,501218,296
Advances to Contract Manufacturer151,995250,110
Total Current Assets3,304,1032,857,715
NON CURRENT ASSETS
Furniture, Fixtures and Equipments77,353152,574
Investment in Distributor, At Cost76,31976,319
Patents947,315901,045
Other Assets133,6747,317
Advances to Contract Manufacturer-long-term311,230415,780
Total Assets4,849,9944,410,750
CURRENT LIABILITIES
Accounts Payable1,154,013829,130
Accrued Expenses and Other Payable524,017495,897
Total Current Liabilities1,678,0301,325,027
NON CURRENT LIABILITIES
Total Long-term Liabilities530,8431,685,543
SHAREHOLDERS' EQUITY
Common Stock - Par Value15,47213,200
Additional Paid in Capital62,300,62059,531,860
Treasury Stock - Common(911,516)(911,516)
Accumulated Deficit(58,763,460)(57,233,370)
Total Shareholders Equity2,641,1211,400,180
Total Liabilities & Shareholders Equity4,849,9944,410,750
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Interim Report   
 
Data Not Available
 
 
 
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Milestone Scientific Inc.
Symbol:  MLSS


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   12,560,000
  2009   12,200,000
  2009   22,040,000
  2009   31,910,000
  2009   42,400,000
  2009   Full Year 8,550,000
  2008   11,400,000
  2008   21,550,000
  2008   31,820,000
  2008   41,850,000
  2008   Full Year 6,620,000
  2007   12,310,000
  2007   21,810,000
  2007   31,160,000
  2007   41,110,000
  2007   Full Year 6,390,000
  2006   11,700,000
  2006   21,480,000
  2006   31,220,000
  2006   41,450,000
  2006   Full Year 5,840,000
  2005   11,460,000
  2005   21,680,000
  2005   31,820,000
  2005   41,480,000
  2005   Full Year 6,430,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   180,000
  2009   1(560,000)
  2009   2(660,000)
  2009   3(370,000)
  2009   460,000
  2009   Full Year (1,530,000)
  2008   1(620,000)
  2008   2(470,000)
  2008   3(190,000)
  2008   490,000
  2008   Full Year (1,190,000)
  2007   1(530,000)
  2007   2(1,070,000)
  2007   3(980,000)
  2007   4(350,000)
  2007   Full Year (2,940,000)
  2006   1(690,000)
  2006   2(950,000)
  2006   3(620,000)
  2006   Full Year (3,152,300)
  2005   1(880,000)
  2005   2(790,000)
  2005   3(610,000)
  2005   Full Year (2,754,200)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1.01
  2009   1(.04)
  2009   2(.05)
  2009   3(.03)
  2009   4Nil
  2009   Full Year (.11)
  2008   1(.05)
  2008   2(.04)
  2008   3(.01)
  2008   4.01
  2008   Full Year (.09)
  2007   1(.05)
  2007   2(.09)
  2007   3(.08)
  2007   4(.03)
  2007   Full Year (.24)
  2006   1(.06)
  2006   2(.08)
  2006   3(.05)
  2006   4(.07)
  2006   Full Year (.27)
  2005   1(.09)
  2005   2(.07)
  2005   3(.05)
  2005   4(.04)
  2005   Full Year (.25)
 
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