Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 88

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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    Corporate 
     (1,550,852) 
     (1,814,487) 
     263,635 
  
    Total loss from operations 
    $(1,134,471) 
    $(1,469,179) 
    $334,708 

The loss from operations for the three months ended September 30, 2025,
was approximately $1.1 million, compared to $1.5 million for the same period in 2024, representing an improvement of approximately $335,000,
or 22%. The reduction in operating loss was primarily attributable to lower selling, general, and administrative (SG&A) expenses and
reduced research and development (R&D) expenditures during the quarter.

Management’s ongoing cost-control initiatives, combined with the
Company’s focus on operational efficiency and disciplined spending, contributed to the improvement in quarterly operating performance
despite a modest decline in consolidated revenue.

 23 

Nine
months ended September 30, 2025 compared to nine months ended September 30, 2024

Net
sales for 2025 and 2024 were as follows: 

    2025  
    2024  
    Change 
  
    Dental 
    $6,791,353  
    $6,544,394  
    $246,959 
  
    Medical 
     124,650  
     72,020  
     52,630 
  
    Total sales, net 
    $6,916,003  
    $6,616,414  
    $299,589 

Consolidated revenue for the nine months ended September 30, 2025, was
approximately $6.9 million, compared to $6.6 million for the same period in 2024, representing an increase of approximately $300,000,
or 5%. The year-over-year improvement was primarily driven by higher international and medical sales, partially offset by declines in
e-commerce and institutional dental revenue.

Revenue from Dental Service Organizations (DSOs), government agencies,
and dental schools totaled approximately $277,000 for the nine months ended September 30, 2025, compared to $316,000 in the prior-year
period, reflecting a decrease of approximately $39,000, or 12%.

E-commerce dental revenue decreased to approximately $3.3 million for the
nine months ended September 30, 2025, from $3