Milestone Scientific Achieves Revenue of $2.7 Million and Provides Business Update for the First Quarter of 2022
For the three months ended March 31, 2022 and 2021, revenues were approximately $2.7 million and $2.9 million, respectively.
- For the three months ended March 31, 2022 and 2021, revenues were approximately $2.7 million and $2.9 million, respectively.
- Gross profit for the first quarter ended March 31, 2022 was $1.7 million or 62% of revenue versus $1.8 million or 62% of revenue for the first quarter ended March 31, 2021.
- Operating loss for the three months ended March 31, 2022 was approximately $(1.9) million versus approximately $(1.0) million for the first quarter ended March 31, 2021.
- As of March 31, 2022, the Company had cash and cash equivalents of approximately $13.3 million and working capital of approximately $14.4 million.