Brief: Milestone Scientific reports 10% increase in revenue for fiscal 2016

Milestone Scientific

03/04/2017 12:30

April 3 (Reuters) - Milestone Scientific Inc  MLSS.A  
    * Milestone Scientific reports 10% increase in revenue for 
fiscal 2016 
    * Milestone Scientific Inc - believe still on track to 
receive regulatory marketing clearance in U.S. for epidural 
instrument in first half of 2017 
    * Milestone Scientific Inc - "deferred over $1 million in 
sales due a delayed payment in Q4, which we expect to record in 
2017" 
    * Milestone Scientific Inc - with completion of clinical 
trials for epidural instrument, expect burn rate of medical 
subsidiary will be further reduced 
 
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