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Milestone Scientific MLSS
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Quarterly report 2026-Q2
added 08-13-2026

Milestone Scientific Income Statement 2025-2009 | MLSS

Brief overview of financial results at Milestone Scientific

The comparison covers a five-year financial horizon. Revenue reported by Milestone Scientific was 5.4 million dollars at the beginning of the period and 9 million dollars at the end. Overall revenue changed by +65%, equal to an annualized rate of about 10.5%. The company expanded its sales base at a healthy rate.

Gross profit was $3.6 million at the start and $6.4 million at the end of the period (+76.9%). Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 66.6% at the start and 71.4% at the end. The business retained more gross profit from each unit of revenue.

The operating result measured by EBITDA moved from −7.4 million dollars to −5.6 million dollars, or +24.2%. The operating result developed less favorably than sales. EBITDA margin was −136.3% at the start and −62.6% at the end. The increased EBITDA share is a positive sign.

The final result was −$7.4 million initially and −$5.7 million in the final year. The loss reduction is constructive, but the recovery is incomplete.

Market capitalization changed from $178 million to $23.8 million (−86.6%). The market has not yet confirmed the improvement in fundamentals.

Overall conclusion

The financial profile remains mixed, with strengths and risks moving in different directions. The strongest signals are an improving EBITDA margin, revenue expansion and a stronger final result. The overall view is constrained by a low EBITDA margin and declining capitalization. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Milestone Scientific

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

23.8 M 69.4 M 45.1 M 65 M 88.8 M 178 M 80.5 M 14.1 M 32.4 M 33.7 M 36.6 M 54.6 M 25.7 M 20.1 M 7.59 M 18.6 M -

Shares

82.1 M 79.8 M 72.8 M 70.6 M 68.8 M 63.1 M 45.7 M 35.3 M 32.7 M 27 M 21.4 M 20.1 M 17.1 M 16.1 M 15.2 M 14.9 M -

Historical Prices

0.29 0.87 0.62 0.92 1.29 2.82 1.74 0.4 0.95 1.2 1.71 2.72 1.5 1.2 0.41 1.25 0.65

Net Income

-5.72 M -4.71 M -6.93 M -8.71 M -6.82 M -7.39 M -7.52 M -7.43 M -5.19 M -5.95 M -5.47 M -1.7 M 1.46 M -870 K -1.48 M -615 K -

Revenue

8.97 M 8.63 M 9.83 M 8.81 M 10.3 M 5.44 M 8.37 M 9.62 M 11.3 M 10.5 M 9.49 M 10.3 M 10 M 8.65 M 8.38 M - -

Cost of Revenue

2.57 M 2.2 M 3.03 M 3.91 M 3.99 M 1.82 M 2.66 M 5.19 M 4.31 M - - - - - - - -

Gross Profit

6.41 M 6.43 M 6.79 M 4.9 M 6.31 M 3.62 M 5.72 M 4.43 M 6.97 M 6.31 M 6.44 M 6.7 M 6.81 M 5.59 M 5.36 M 6.22 M -

Operating Income

-5.7 M -6.76 M -7.11 M -8.83 M -7.38 M -7.45 M -4 M -8 M -5.23 M -6.51 M -3.06 M -790 K 1.09 M -520 K -1.22 M -701 K -

Interest Expense

- 60.3 K 126 K 54.6 K -16.4 K -24.8 K -10.4 K -7.23 K -4.93 K -5.09 K -5.35 K 2.67 K 70.8 K 176 K 132 K 95.1 K -

EBITDA

-5.62 M -6.72 M -7.04 M -8.76 M -7.3 M -7.41 M -3.74 M -5.58 M -4.66 M -6.35 M -2.96 M -694 K 1.18 M -425 K -1.12 M -656 K -

Operating Expenses

12.1 M 13.2 M 13.9 M 13.7 M 13.7 M 11.1 M 9.72 M 10.9 M 12.2 M 12.8 M 9.5 M 7.49 M 5.73 M 6.11 M 6.59 M 6.92 M -

General and Administrative Expenses

11.6 M 12.3 M 13.1 M 12.5 M 12.7 M 10.8 M 9.53 M 10.6 M 11.9 M 11.5 M 9.4 M 7.4 M 5.53 M 5.93 M 6.45 M 6.65 M -

All numbers in USD currency

Quarterly Income Statement Milestone Scientific

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

82 M 85 M - 82.3 M 82 M 81.9 M 78 M 80 M 80 M 79.7 M 75.8 M 73.7 M 72.3 M 72.1 M 69.3 M 71 M 70.4 M 69 M 68.1 M 69.6 M 69.2 M 66.6 M 64.1 M 65.8 M 56.7 M 49.7 M 49.4 M 47.7 M 45.4 M 40.5 M 33.8 M 35.6 M 35.3 M 34.8 M 33.2 M 33.6 M 32.4 M 32 M 30.4 M 29.2 M 26 M 22.6 M 21.7 M 21.4 M 22.4 M 21.9 M 21.4 M 21.2 M 20.2 M 17.8 M 17.7 M 17.3 M 16.7 M 16.4 M 16.5 M 16.2 M 16 M 15.3 M 15.5 M 15.1 M 15 M 15.5 M

Net Income

-1.99 M -840 K - -1.15 M -1.48 M -1.99 M - -1.46 M 224 K -1.44 M - -1.47 M -2.22 M -1.31 M - -1.97 M -2.86 M -1.92 M - -2.04 M -2.7 M -986 K - -1.49 M -3.17 M -1.6 M - -2.84 M -1.04 M -783 K - -4.39 M -1.34 M -1.87 M - -1.41 M -1.48 M -505 K - -1.7 M -1.59 M -750 K - -1.57 M -2.07 M -419 K - -358 K -169 K 195 K - 1.46 M 74 K 151 K - 15.2 K -165 K -355 K - -637 K -298 K -142 K

Revenue

2.32 M 2.16 M - 2.36 M 2.32 M 2.23 M - 2.51 M 1.85 M 2.25 M - 2.06 M 2.91 M 2.6 M - 2.22 M 1.65 M 2.7 M - -69.9 K -95.9 K 1.3 K - - - 1.81 M - 49.1 K 58.7 K 9.56 K - 259 K 78.6 K 36.8 K - 2.85 M 15.5 K -44.4 K - -253 K -57.9 K -270 K - -711 K -690 K -358 K - -224 K -213 K 2.62 M - -212 K -47.1 K 2.49 M - - -46.1 K -78.1 K - -60 K - -

Cost of Revenue

706 K 598 K - 719 K 706 K 585 K - 678 K 443 K 573 K - 556 K 1.02 M 708 K - 763 K 968 K 1.02 M - 748 K 1.06 M 1.12 M - 410 K 55.6 K 527 K - 524 K 752 K 619 K - 1.74 M 1.02 M 563 K - 1.04 M 874 K 1.4 M - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

1.62 M 1.56 M - 1.64 M 1.62 M 1.65 M - 1.84 M 1.41 M 1.68 M - 1.5 M 1.89 M 1.89 M - 1.45 M 681 K 1.68 M - 1.36 M 1.37 M 1.8 M - 836 K 112 K 1.28 M - 1.38 M 1.51 M 1.3 M - -120 K 1.41 M 1.24 M - 1.81 M 1.65 M 2.29 M - 1.67 M 1.58 M 2.2 M - 1.67 M 1.2 M 1.84 M - 1.71 M 1.59 M 1.74 M - 1.77 M 1.53 M 1.68 M - 1.5 M 1.47 M 1.26 M - 1.15 M 1.6 M 1.55 M

Operating Income

-1.48 M -828 K - -1.13 M -1.48 M -2 M - -1.47 M -1.78 M -1.47 M - -1.51 M -2.28 M -1.34 M - -2.01 M -2.88 M -1.91 M - -1.98 M -2.87 M -984 K - -1.48 M -3.17 M -1.61 M - -947 K -1.11 M -818 K - -4.55 M -1.42 M -2 M - -1.41 M -1.55 M -526 K - -1.57 M -2.02 M -943 K - -835 K -1.41 M -71.1 K - -162 K 47.5 K 329 K - 436 K 1.46 M 168 K - 51.6 K -53.6 K -233 K - -540 K -262 K -122 K

Interest Expense

- - - - 1.52 K 3.27 K - 8.01 K 21 K 24.5 K - 30.6 K 48.7 K 23.3 K - 28 K 3.55 K -4.74 K - -4.61 K -4.46 K -2.54 K - -569 -4.06 K -4.21 K - -2.63 K -2.56 K -2.26 K - -1.78 K -1.76 K -1.7 K - -1.05 K -1.02 K -1.21 K - 846 -1 K 1.24 K - 1.04 K - 1.21 K - - - -475 - 5.55 K 30 K 34.6 K - 36.5 K 63.3 K 42.4 K - 35.6 K 34.7 K 19.4 K

EBITDA

-1.47 M -809 K - -1.11 M -1.47 M -1.98 M - -1.46 M -1.77 M -1.45 M - -1.49 M -2.26 M -1.33 M - -2 M -2.87 M -1.9 M - -1.96 M -2.86 M -963 K - -1.46 M -3.15 M -1.57 M - -921 K -1.08 M -792 K - -4.2 M -1.18 M -1.74 M - -1.25 M -1.52 M -491 K - -1.5 M -1.97 M -921 K - -815 K -1.4 M -65.4 K - -150 K 54.5 K 333 K - 449 K 1.47 M 172 K - 66.1 K -43.6 K -228 K - -524 K -251 K -116 K

Operating Expenses

3.1 M 2.39 M - 2.78 M 3.1 M 3.65 M - 3.31 M 3.19 M 3.14 M - 3.01 M 4.17 M 3.23 M - 3.47 M 3.57 M 3.6 M - 3.34 M 4.24 M 2.79 M - 2.31 M 3.28 M 2.89 M - 2.32 M 2.61 M 2.12 M - 4.43 M 2.83 M 3.24 M - 3.22 M 3.2 M 2.81 M - 3.24 M 3.6 M 3.14 M - 2.5 M 2.61 M 1.91 M - 1.87 M 1.55 M 1.41 M - 1.33 M 1.38 M 1.51 M - 1.45 M 1.53 M 1.49 M - 1.69 M 1.86 M 1.67 M

General and Administrative Expenses

3.03 M 2.37 M - 2.74 M 3.03 M 3.26 M - 3.06 M 2.87 M 3.04 M - 2.82 M 3.94 M 3.07 M - 3.28 M 3.28 M 3.12 M - 2.97 M 4.01 M 2.75 M - 2.28 M 3.16 M 2.75 M - 2.31 M 2.52 M 2.11 M - 2.89 M 2.82 M 3.02 M - 3.21 M 3.08 M 2.71 M - 2.93 M 3.29 M 3 M - 2.48 M 2.59 M 1.9 M - 1.84 M 1.52 M 1.39 M - 1.32 M 1.34 M 1.39 M - 1.39 M 1.49 M 1.45 M - 1.7 M 1.8 M 1.62 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Milestone Scientific (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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