Milestone Scientific Inc. (MLSS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.16M | 2.06M | 2.36M | 2.32M | 2.23M | 2.01M | 2.51M | 1.85M | 2.25M | 2.26M | 2.06M | 2.91M | 2.6M | 2.24M | 2.22M | 1.65M | 2.7M | 2.85M | 2.11M | 2.43M |
| Revenue Growth % | -3.15% | 2.21% | -6.11% | 25.34% | -0.73% | -10.93% | 22.07% | -36.3% | -13.43% | 0.88% | -7.06% | 76.54% | -3.82% | -21.26% | 5.1% | -32.05% | -7.65% | 28.66% | 69.19% | 1346.7% |
| Cost of Goods Sold | 617.46K | 575.47K | 739.35K | 705.86K | 584.99K | 502.45K | 677.59K | 442.56K | 572.74K | 762.22K | 555.85K | 1.02M | 708.13K | 1.16M | 762.96K | 967.72K | 1.02M | 1.09M | 748K | 1.06M |
| COGS % of Revenue | 28.56% | 27.96% | 31.33% | 30.38% | 26.2% | 24.95% | 26.95% | 23.87% | 25.47% | 33.72% | 26.99% | 35.05% | 27.26% | 51.58% | 34.43% | 58.71% | 37.71% | 38.22% | 35.48% | 43.55% |
| Gross Profit | 1.54M | 1.48M | 1.62M | 1.62M | 1.65M | 1.51M | 1.84M | 1.41M | 1.68M | 1.5M | 1.5M | 1.89M | 1.89M | 1.09M | 1.45M | 680.65K | 1.68M | 1.76M | 1.36M | 1.37M |
| Gross Margin % | 71.44% | 72.04% | 68.67% | 69.62% | 73.8% | 75.05% | 73.05% | 76.13% | 74.53% | 66.28% | 73.01% | 64.95% | 72.74% | 48.42% | 65.57% | 41.29% | 62.29% | 61.78% | 64.52% | 56.45% |
| Gross Profit Growth % | -6.24% | -1.89% | -11.73% | 14.63% | -1.71% | 0.85% | 22.14% | -25.34% | -11.29% | 38.1% | 3.49% | 177.69% | 12.31% | -38.29% | 6.8% | -50.29% | -6.65% | 23.73% | 62.61% | 1122.11% |
| Operating Expenses | 2.37M | 2.56M | 2.76M | 3.1M | 3.65M | 3.55M | 3.31M | 3.19M | 3.14M | 3.48M | 3.01M | 4.17M | 3.23M | 3.1M | 3.47M | 3.57M | 3.6M | 3.3M | 3.34M | 4.24M |
| OpEx % of Revenue | 109.74% | 124.5% | 116.74% | 133.52% | 163.29% | 176.47% | 131.49% | 172.17% | 139.68% | 153.85% | 146.17% | 143.22% | 124.43% | 138.32% | 156.44% | 216.31% | 133.17% | 115.91% | 158.48% | 174.87% |
| Selling, General & Admin | 2.37M | 2.55M | 2.74M | 3.03M | 3.26M | 3.33M | 0 | 2.87M | 3.04M | 3.3M | 0 | 3.94M | 0 | 0 | 0 | 0 | 3.12M | 3.01M | 2.97M | 0 |
| SG&A % of Revenue | 109.74% | 123.9% | 116.05% | 130.45% | 145.88% | 165.24% | - | 154.72% | 134.97% | 146.02% | - | 135.3% | - | - | - | - | 115.36% | 105.72% | 140.81% | - |
| Research & Development | 0 | 12.33K | 16.23K | 51.79K | 369.12K | 217.53K | 232.06K | 314.97K | 94.21K | 176.91K | 170.48K | 213.65K | 140.35K | 252.99K | 166.19K | 266.56K | 464.47K | 290.17K | 356.18K | 215.42K |
| R&D % of Revenue | - | 0.6% | 0.69% | 2.23% | 16.53% | 10.8% | 9.23% | 16.99% | 4.19% | 7.83% | 8.28% | 7.34% | 5.4% | 11.29% | 7.5% | 16.17% | 17.2% | 10.2% | 16.89% | 8.88% |
| Other Operating Expenses | 0 | 0 | 0 | 19.5K | 19.44K | 8.71K | 1000K | 8.48K | 11.68K | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 16.81K | 0 | 16.35K | 1000K |
| Operating Income | -828.08K | -1.08M | -1.13M | -1.48M | -2M | -2.04M | -1.47M | -1.78M | -1.47M | -1.98M | -1.51M | -2.28M | -1.34M | -2.01M | -2.01M | -2.88M | -1.91M | -1.54M | -1.98M | -2.87M |
| Operating Margin % | -38.3% | -52.46% | -48.07% | -63.9% | -89.49% | -101.43% | -58.44% | -96.04% | -65.15% | -87.57% | -73.17% | -78.27% | -51.69% | -89.9% | -90.87% | -175.01% | -70.88% | -54.13% | -93.96% | -118.42% |
| Operating Income Growth % | 58.55% | 47.13% | 22.78% | 16.61% | -36.37% | -3.17% | 2.49% | 21.83% | -9.12% | 1.74% | 25.17% | 21.05% | 29.87% | -30.76% | -1.64% | -0.43% | -94.49% | -28.94% | -34.14% | 9.47% |
| EBITDA | -780.05K | -1.03M | -1.1M | -1.43M | -1.95M | -2.01M | -1.46M | -1.77M | -1.45M | -1.95M | -1.49M | -2.24M | -1.33M | -2M | -2M | -2.87M | -1.88M | -1.47M | -1.96M | -2.86M |
| EBITDA Margin % | -36.08% | -50.02% | -46.41% | -61.7% | -87.46% | -99.74% | -58.1% | -95.59% | -64.63% | -86.17% | -72.39% | -76.9% | -51.03% | -89.29% | -90.12% | -174% | -69.46% | -51.69% | -93.03% | -117.81% |
| EBITDA Growth % | 60.05% | 48.74% | 25% | 19.09% | -34.34% | -3.09% | 2.03% | 20.82% | -9.65% | 2.64% | 25.34% | 21.98% | 29.35% | -36.02% | -1.82% | -0.37% | -94.73% | -25.32% | -34.31% | 9.33% |
| D&A (Non-Cash Add-back) | 48.03K | 50.29K | 39.08K | 50.98K | 45.31K | 33.96K | 8.57K | 8.48K | 11.68K | 31.5K | 15.9K | 39.73K | 17.22K | 13.72K | 16.66K | 16.65K | 38.32K | 69.65K | 19.72K | 14.84K |
| EBIT | -828.08K | -1.08M | -1.13M | -1.48M | -2M | -2.04M | -1.47M | -1.78M | -1.47M | -1.96M | -1.51M | -2.28M | -1.34M | -2.01M | -2.01M | -2.88M | -1.91M | -1.54M | -1.98M | -2.87M |
| Net Interest Income | -11.77K | -10.9K | -19.49K | 1.52K | 3.27K | 6.75K | 8.01K | 20.97K | -3.35K | 22.86K | 30.6K | 48.72K | 23.34K | 27.79K | 28.01K | 3.55K | -4.74K | -4.76K | -4.61K | -4.46K |
| Interest Income | 0 | 0 | 0 | 1.52K | 3.27K | 6.75K | 8.01K | 20.97K | 0 | 22.86K | 30.6K | 48.72K | 23.34K | 27.79K | 28.01K | 3.55K | 0 | 0 | 0 | 0 |
| Interest Expense | 11.77K | 10.9K | 19.49K | 0 | 0 | 0 | 0 | 0 | 3.35K | 0 | 0 | 0 | 0 | 0 | 0 | - | 4.74K | 4.76K | 4.61K | 4.46K |
| Other Income/Expense | -11.77K | -10.9K | -19.49K | 1.52K | 3.27K | 6.75K | 8.01K | 2M | 24.54K | 22.86K | 30.6K | 48.72K | 23.34K | 27.79K | 28.01K | 3.55K | -4.74K | 402.29K | -16.84K | 175.86K |
| Pretax Income | -839.85K | -1.09M | -1.15M | -1.48M | -1.99M | -2.04M | -1.46M | 223.64K | -1.44M | -1.96M | -1.48M | -2.23M | -1.32M | -1.99M | -1.99M | -2.88M | -1.92M | -1.14M | -2M | -2.7M |
| Pretax Margin % | -38.85% | -52.99% | -48.89% | -63.83% | -89.35% | -101.09% | -58.13% | 12.06% | -64.06% | -86.56% | -71.68% | -76.59% | -50.79% | -88.66% | -89.61% | -174.8% | -71.06% | -40% | -94.76% | -111.17% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57.68K | 83 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -2.89% | -0% |
| Net Income | -839.85K | -1.09M | -1.15M | -1.48M | -1.99M | -2.04M | -1.46M | 223.64K | -1.44M | -1.94M | -1.47M | -2.22M | -1.31M | -1.97M | -1.97M | -2.86M | -1.9M | -1.12M | -2.04M | -2.68M |
| Net Margin % | -38.85% | -52.99% | -48.89% | -63.83% | -89.35% | -101.09% | -58.13% | 12.06% | -64.06% | -85.77% | -71.2% | -76.16% | -50.34% | -88.09% | -88.99% | -173.41% | -70.41% | -39.42% | -96.92% | -110.5% |
| Net Income Growth % | 57.89% | 46.42% | 21.03% | -763.17% | -38.46% | -4.99% | 0.35% | 110.09% | -10.16% | 1.79% | 25.64% | 22.47% | 31.24% | -75.98% | 3.49% | -6.64% | -95.48% | -3.91% | -37.04% | 15.35% |
| Net Income (Continuing) | -839.85K | -1.09M | -1.15M | -1.48M | -1.99M | -2.04M | -1.46M | 223.64K | -1.44M | -1.96M | -1.48M | -2.23M | -1.32M | -1.99M | -1.99M | -2.88M | -1.92M | -1.14M | -2.06M | -2.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -253.26K | -243.45K | -230.94K | -219.28K | -206.57K | -192.89K | -170.04K | -152.54K | -135.97K | -123.74K |
| EPS (Diluted) | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.03 | -0.02 | 0.00 | -0.02 | -0.03 | -0.02 | -0.03 | -0.02 | -0.03 | -0.03 | -0.04 | -0.03 | -0.02 | -0.03 | -0.04 |
| EPS Growth % | 58.2% | 47.06% | 23.5% | - | -34.81% | 0.39% | 8.04% | 109.15% | 0% | 7.58% | 27.37% | 24.63% | 34.42% | -72.05% | 6.8% | -4.91% | -89.04% | 1.83% | -29.52% | 30.77% |
| EPS (Basic) | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.03 | -0.02 | 0.00 | -0.02 | -0.03 | -0.02 | -0.03 | -0.02 | -0.03 | -0.03 | -0.04 | -0.03 | -0.02 | -0.03 | -0.04 |
| Diluted Shares Outstanding | 82.06M | 82.06M | 82.32M | 82.05M | 81.85M | 79.79M | 79.97M | 79.97M | 79.74M | 75.85M | 73.73M | 72.33M | 72.1M | 69.27M | 70.98M | 70.36M | 69.01M | 69.57M | 69.57M | 69.22M |
| Basic Shares Outstanding | 82.06M | 82.06M | 82.32M | 82.05M | 81.85M | 79.79M | 79.97M | 79.97M | 79.74M | 75.85M | 73.73M | 72.33M | 72.1M | 69.27M | 70.98M | 70.36M | 69.01M | 69.49M | 68.11M | 67.01M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |