Company: MLSS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022276
Chunk: 42

Company: MILESTONE SCIENTIFIC INC.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 for the three
months ended September 30, 2025, were approximately $16,000, compared to approximately $232,000 for the same period in 2024, representing
a decrease of approximately $216,000, or 93%. The decrease reflects management’s strategic decision to delay development activities
related to the next-generation STA Single Tooth Anesthesia System® instrument.

This temporary reduction in R&D spending allows the Company to focus
financial resources on the commercial expansion of existing products and the continued global rollout of its CompuFlo® and CathCheck®
Systems, while maintaining flexibility to resume development activities at a later date based on market conditions and strategic priorities.

Profit
(Loss) from Operations for 2025 and 2024 were as follows: 

    2025  
    2024  
    Change 
  
    Dental 
    $693,392  
    $678,318  
    $15,074 
  
    Medical 
     (277,011) 
     (333,010) 
     55,999 
  
    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