Misonix

Orbit rises above ‘issues,’ but Lifetime suffers 3Q loss

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: Nov. 9, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Sept. 30, 2017 Numbers: Net sales were reported as $5.00 million, down 8.8 percent from the $5.48 million reported for 3Q FY2016. But year-over-year reported net income rose – from $455,000 (11 cents per diluted share) to $699,000 (19 cents per diluted share) – and earnings before EBITDA held virtually steady ($507,000 and…


No. 257: Kids at work, cereal milk and crack pie, doing the math and selling Dylan’s guitar

A happy end of the week: Welcome once again to Friday, dear readers. While many of you are enjoying the start of a three-day weekend, please remember that doesn’t excuse you from sending complaints, compliments and hot story tips to editor@innovateli.com. Some of the best Innovate LI content this week came from our inbox. Who’s next? Day trader: It’s Nov 10, and that’s swell, but let’s skip ahead a day for a few interesting Veteran’s…


CEO out as struggling Misonix reshuffles

Surgical device-maker Misonix has named an interim CEO following the resignation of longtime chief executive Michael McManus. McManus, who led the Farmingdale firm for 16 years, announced Aug. 29 he was retiring as president and CEO and resigning his post as chairman of the Misonix board of directors. Succeeding him is Stavros Vizirgianakis, who took the CEO reins on an interim basis as of Sept. 2. Vizirgianakis, who has sat on the directors board since…