Misonix, Inc. announced unaudited preliminary revenue results for the third quarter of 2020. For the quarter, revenue was approximately $17.9 million. In the comparable period ended March 31, 2019, company reported revenue of $9.6 million.

As a result of the challenges associated with COVID-19 that have already impacted operations, and that will continue to impact operations for an unknown period of time, the company is withdrawing previously stated financial outlook for fiscal 2020 of product revenue growth in excess of 20%. While the company continue to expect gross profit margins of approximately 70%,the company now expect a significant decline in revenue over the near- to mid-term, especially beginning in fiscal fourth quarter 2020. However, the magnitude and duration of the impact is uncertain as conditions continue to evolve.