2023 saw Milestone Scientific, a medical tech firm, achieve a 12% revenue increase and 39% growth in gross profit, largely due to its new online sales portal and direct sales model.
Milestone Scientific, a medical tech firm, saw a 12% revenue increase and 39% growth in gross profit in 2023, largely due to its new online sales portal for the STA Single Tooth Anesthesia System and a direct sales model. The company also rolled out the CompuFlo® Epidural System, penetrating key hospitals and pain management clinics. It ended 2023 with $6.0M in cash and reduced its loss from operations by over $1.7M.
April 01, 2024
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