8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 10, 2009 (February 9, 2009)

MISONIX, INC.
(Exact name of registrant as specified in its charter)

New York	1-10986	11-2148932
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1938 New Highway, Farmingdale, NY	11735
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (631) 694-9555

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On February 9, 2009, MISONIX, INC. (“Misonix”) issued a press release announcing its financial results for the three months ended December 31, 2008. The press release is attached hereto as Exhibit 99.1. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of Misonix, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1 Press Release of MISONIX, INC., dated February 9, 2009

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 10, 2009

MISONIX, INC.

By: /s/ Richard Zaremba
Richard Zaremba
Senior Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of MISONIX, INC., dated February 9, 2009

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EX-99.1

Exhibit 99.1

For Immediate Release

Misonix Contact:
Richard Zaremba
631-694-9555
invest@misonix.com Investor Relations Contact:
Kevin McGrath
Cameron Associates, Inc.
212-245-4577
Kevin@cameronassoc.com

MISONIX REPORTS EARNINGS AND INCREASED REVENUES FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2008

FARMINGDALE, N.Y., February 9, 2009 — Misonix, Inc. (NASDAQ: MSON), a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions, today reported financial results for the three and six months December 31, 2008. Michael A. McManus, Jr., President and Chief Executive Officer, and Richard Zaremba, Senior VP and Chief Financial Officer, will host a conference call Monday, February 9, 2009 at 4:30pm to discuss the Company’s second quarter and six months financial results.

The Company also reported the following financial and operational achievements:

• $.03 diluted earnings per share and a 5.1% increase in revenue for the three months ended December 31, 2008.

• $.07 diluted earnings per share and a 6.2% increase in revenue for the six months ended December 31, 2008.

• Signed one year extension for LySonix^® 3000 ultrasonic assisted liposuction product with Mentor Corporation which includes purchase minimums.

• Signed three year distribution agreement with Alliance Lithomobile of Milano, Italy for the Sonablate 500^® for prostate cancer on a fee-per-use arrangement.

• Executed exclusive distribution agreements for the SonicOne™ wound debridement system, Bone Scalpel™ and Sonastar™ Neuroaspirator in Turkey, Greece, Netherlands and the United Kingdom. Each agreement includes purchase minimums.

Revenues for the three months ended December 31, 2008 were $12.2 million, a 5.1% increase when compared with revenues of $11.6 million for the three months ended December 31, 2007. The increase in revenues for the three months ended December 31, 2008 was due to a $909,000 increase in medical device products sales to $6.9 million, partially offset by a $320,000 decrease in sales of laboratory and scientific products to $5.2 million. The increase in sales of medical device products was primarily due to the Company’s bone scalpel product and SonicOne wound debridement system. The decrease in laboratory and scientific products was primarily due to the strengthening of the U.S. Dollar against the English Pound during the three months ended December 31, 2008 as compared to the three months ended December 31, 2007, reducing Labcaire sales reported in U.S. Dollars by approximately $981,000.

The Company reported a net income for the second quarter fiscal 2009 of $194,000 or $.03 diluted earnings per share compared with a net loss of $117,000 or $.02 loss per share for the same period in fiscal 2008.

Revenues for the six months ended December 31, 2008 were $23.5 million, a 6.2% increase when compared with revenues of $22.1 million for the six months ended December 31, 2007. The increase in revenues for the six months ended December 31, 2008 was due to a $1.1 million increase in medical device products sales to $12.4 million and an increase of $301,000 in laboratory and scientific products sales to $11.1 million. The increase in medical device products was primarily attributable to an increase in sales of the Company’s bone scalpel product, AutoSonix™ product and SonicOne wound debridement system. The increase in sales of laboratory and scientific products was primarily due to a $561,000 increase in Labcaire product sales, partially offset by a decrease of $234,000 in ductless fume enclosure products sales. The strengthening of the U.S. Dollar against the English Pound during the six months ended December 31, 2008 as compared to the six months ended December 31, 2007 reduced Labcaire sales reported in U.S. Dollars by approximately $1.3 million.

The Company reported a net income for the six months ended December 31, 2008 of $514,000 or $.07 diluted earnings per share compared with a net loss of $343,000 or $.05 loss per share for the same period in fiscal 2008. The six months net income of $514,000 for the period ended December 31, 2008 included a gain on the sale of the Company’s interest and previously written off debt in Focus Surgery, Inc. of approximately $880,000 or $.13 per share.

Commenting on Misonix’s financial and operating results, Michael A. McManus, Jr., President and Chief Executive Officer, said, “We are very pleased to report two consecutive quarters of increased revenues and earnings. Our medical device business is continuing to grow with a 9% and 15% increase in revenues for our six and three months of fiscal 2009, respectively, versus the same period in fiscal 2008. Excluding the negative impact of the strengthening of the U.S. dollar against the English pound, Labcaire sales increased $795,000 in the second quarter due to shipments of our new ISIS endoscope cleaning system, endoscope storage cabinet and increased service revenue.

In light of the challenging global economic environment, we continue to review our cost structure and implement appropriate expense reductions. We expect to see the results of the cost reductions in our third and fourth quarters of fiscal 2009.

Our medical device business made solid progress as we expanded our sales opportunities both domestically and internationally. We concluded a one year extension of our relationship with Mentor for our ultrasound assisted liposuction product and continue to make traction in Europe for the Sonablate 500 on a fee-per-use model. We are also pleased with the continued expansion of our endoscope cleaning and disinfecting product at Labcaire in the United Kingdom.

We are encouraged by the financial results for the first half of fiscal year 2009 and believe we are beginning to see the return on the investments in our new products, enhanced international distribution and our contract sales force.”

Conference Call

Misonix management will host a conference call at 4:30 p.m. Eastern on Monday, February 9, 2009 to discuss the Company’s second quarter fiscal 2009 financial results.

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Shareholders and other interested parties may participate in the conference call by dialing (800) 659-2056 (domestic) or (617) 614-2714 (international) and entering access code 58959521, a few minutes before the start of the call. A simultaneous webcast will be available via Misonix’s website at www.misonix.com. The call will be archived on the Company’s website for at least 90 days.

A recording of the live-call will be available approximately 2 hours after the event through February 16, 2009. The dial-in number to listen to the recording is (888) 286 8010 or (617) 801 6888. The replay access code is 94431439.

About Misonix:

Misonix, Inc. (NASDAQ: MSON) designs, develops, manufactures and markets therapeutic ultrasonic medical devices and laboratory equipment. Misonix’s therapeutic ultrasonic platform is the basis for several innovative medical technologies. Addressing a combined market estimated to be in excess of $3 billion annually; Misonix’s proprietary ultrasonic medical devices are used for wound debridement, cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical applications. Additional information is available on the Company’s Web site at www.misonix.com.

# # #

With the exception of historical information contained in this press release, content herein may contain “forward looking statements” that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include general economic conditions, delays and risks associated with the performance of contracts, risks associated with international sales and currency fluctuations, uncertainties as a result of research and development, acceptable results from clinical studies, including publication of results and patient/procedure data with varying levels of statistical relevancy, risks involved in introducing and marketing new products, potential acquisitions, consumer and industry acceptance, litigation and/or court proceedings, including the timing and monetary requirements of such activities, the timing of finding strategic partners and implementing such relationships, regulatory risks including approval of pending and/or contemplated 510(k) filings, the ability to achieve and maintain profitability in the Company’s business lines, and other factors discussed in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company disclaims any obligation to update its forward-looking relationships.

-Financial Tables to Follow-

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MISONIX, INC. And Subsidiaries
Consolidated Balance Sheets

				Derived from audited
	Unaudited			financial statements
	December 31, 2008			June 30, 2008
Assets
Current Assets:
Cash	$	1,510,973		$	1,873,863
Accounts receivable, net of allowance for doubtful accounts of $368,212 and $376,998, respectively		7,586,072			7,986,802
Inventories, net		10,068,516			12,651,564
Deferred income taxes		1,040,473			1,562,279
Prepaid expenses and other current assets		500,482			904,737
Total current assets		20,706,516			24,979,245
Property, plant and equipment, net		3,244,885			4,398,867
Deferred income taxes		868,657			1,280,217
Goodwill		5,709,013			5,784,542
Other assets		847,510			807,203
Total assets	$	31,376,581		$	37,250,074
Liabilities and stockholders’ equity
Current liabilities:
Revolving credit facilities	$	3,573,368		$	4,470,389
Notes payable		11,278			246,888
Accounts payable		3,352,167			5,497,541
Accrued expenses and other current liabilities		3,185,510			4,760,115
Foreign income taxes payable		506,765			696,791
Current portion of deferred gain from sale and leaseback of building		122,698			159,195
Current maturities of capital lease obligations		226,574			307,325
Total current liabilities		10,978,360			16,138,244
Capital lease obligations		82,456			225,909
Deferred lease liability		311,502			348,502
Deferred income taxes		246,892			250,514
Deferred gain from sale and leaseback of building		859,324			1,273,772
Deferred income		346,596			371,452
Total liabilities		12,825,130			18,608,393
Commitments and contingencies
Minority interest		238,020			199,237
Stockholders’ equity:
Capital stock, $0.01 par — shares authorized 20,000,000; 7,079,169 issued and 7,001,369 outstanding		70,792			70,792
Additional paid-in capital		25,140,914			25,052,539
Accumulated deficit		(6,116,666	)		(6,630,170	)
Accumulated other comprehensive (loss) income		(369,185	)		361,707
Treasury stock, 77,800 shares		(412,424	)		(412,424	)
Total stockholders’ equity		18,313,431			18,442,444
Total liabilities and stockholders’ equity	$	31,376,581		$	37,250,074

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MISONIX, INC. And Subsidiaries
Consolidated Statements of Operations
Unaudited

	Three Months Ended					Six Months Ended
	December 31,					December 31,
	2008		2007			2008			2007
Net sales	$	12,189,939	$	11,600,053		$	23,496,412		$	22,132,290
Cost of goods sold		7,247,189		6,435,478			14,128,232			12,301,921
Gross profit		4,942,750		5,164,575			9,368,180			9,830,369
Selling expenses		1,617,487		1,898,675			3,454,744			3,587,185
General and administrative expenses		2,197,859		2,620,316			4,850,664			5,126,076
Research and development expenses		701,508		935,315			1,477,982			1,645,552
Litigation expenses		100,000		—			100,000			—
Total operating expenses		4,616,854		5,454,306			9,883,390			10,358,813
Income (loss) from operations		325,896		(289,731	)		(515,210	)		(528,444	)
Total other income		33,215		85,941			1,505,566			64,780
Income (loss) before minority interest and income taxes		359,111		(203,790	)		990,356			(463,664	)
Minority interest in net income of consolidated subsidiaries		19,601		13,867			36,328			23,311
Income (loss) before income taxes		339,510		(217,657	)		954,028			(486,975	)
Income tax provision (benefit)		146,008		(100,477	)		440,524			(143,531	)
Net income (loss)	$	193,502	$	(117,180	)	$	513,504		$	(343,444	)
Net income (loss) per share-basic	$	0.03	$	(0.02	)	$	0.07		$	(0.05	)
Net income (loss) per share-diluted	$	0.03	$	(0.02	)	$	0.07		$	(0.05	)
Weighted average common shares-basic		7,001,369		7,001,369			7,001,369			7,001,369
Weighted average common shares-diluted		7,012,498		7,001,369			7,022,226			7,001,369

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