Milestone Scientific saw its sales for its first quarter of 2012 (end-March 31) decline 21% compared with the same period in 2011.
The company reported sales of $1.9 million for the quarter, compared with $2.4 million for the first quarter of 2011.
The decrease in sales was primarily due to a marketing shift in the U.S. toward large dental groups which have a longer selling cycle, Milestone stated in a press release.
Net loss for the first quarter of 2012 was $355,000, compared with a loss of $142,000 for the comparable period in 2011. Net loss for the first quarter of 2012 included a loss of $78,000 related to a medical joint venture expense that did not occur in the same period last year.
