Milestone Scientific (MLSS) Stock Jumps Over 35% After Hours — Here's Why - Milestone Scientific (AMEX:MLSS)

Core Insights - Milestone Scientific Inc. reported a significant increase in share price, surging 35.67% in after-hours trading to $0.52 following the release of its third-quarter results, which showed lower costs and improved losses [1] Financial Performance - The company reduced its operating expenses by over $500,000 in Q3 compared to the same period last year, contributing to improved margins [2] - Operating loss decreased by 23% to approximately $1.1 million from $1.5 million a year earlier, while net loss narrowed to $1.2 million, or $0.01 per share, compared to $1.5 million, or $0.02 per share, in Q3 2024 [3] - Third-quarter revenue was about $2.4 million, slightly down from $2.5 million in the same quarter last year, with lower domestic dental sales offset by stronger international demand and steady recurring medical revenue [4] - For the first nine months of the year, revenue increased by 5% to $6.9 million from $6.6 million, driven by growth in international dental markets and higher recurring revenue in the medical segment [4] Strategic Developments - The CEO highlighted the company's positive outlook on growing utilization and recurring revenue from CompuFlo disposables, alongside advancements in its reimbursement strategy, which includes recent Medicare payment-rate assignments and expanded commercial coverage [5] Stock Performance - Year-to-date, Milestone Scientific's shares have declined by 59.61%, with stock prices fluctuating between $0.35 and $1.39 over the past year, and a market capitalization of approximately $29.8 million [6]