Milestone Scientific (MLSS) Q2 2026 Earnings Call: Revenue Up 22%, Guidance Reaffirmed
Source Tradingkey
Key Takeaways
- Q2 2026 revenue increased 22% year over year to $2.8 million, while first-half revenue rose 9.8% to $5.0 million.
- Medical segment revenue grew 231% from Q2 2025, supported by early-stage adoption of CompuFlo.
- Q2 gross margin declined to 67.2% from 69.6%, reflecting product and customer mix, tariffs, and higher costs for certain imported products and components.
- The company reaffirmed its 2026 revenue guidance of $9.8 million to $10.2 million. Management expects CompuFlo to grow faster than the overall business during the remainder of the year.
- Management projected Q3 revenue of $2.3 million to $2.5 million, citing normal summer seasonality and the expected nonrecurrence of two large international dental orders that benefited Q2.
- Medicare payment of $325 has been established under Novitas and First Coast fee schedules across three jurisdictions and 13 states, representing approximately 30% to 35% of the U.S. population, according to management.
Key Financial Results
| Metric | Q2 2026 | Q2 2025 | Change / Commentary |
|---|---|---|---|
| Revenue | $2.8 million | Approximately $2.3 million | Up 22% |
| Gross profit | $1.9 million | $1.6 million | Higher sales partially offset cost pressure |
| Gross margin | 67.2% | 69.6% | Lower due to mix and increased product costs |
| Operating expenses | Approximately $3.0 million | Approximately $3.1 million | Down 4.2% |
| Net loss | $1.1 million | $1.5 million | Loss narrowed by approximately $0.4 million |
| Medical segment revenue growth | — | — | Up 231% year over year |
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | $5.0 million | $4.6 million | Up $447,000, or 9.8% |
| Gross profit | $3.5 million | $3.3 million | Increased year over year |
| Gross margin | 69.4% | 71.0% | Down 1.6 percentage points |
| Operating expenses | Approximately $5.4 million | Approximately $6.7 million | Down approximately $1.4 million, or 20% |
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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