MLSS Reports Change in Distribution Plan

Posted on November 30, 2020 by Aaron Warwick

This afternoon Milestone Scientific (MLSS) announced they “terminated the exclusive rights granted to Henry Schein for distribution” of their dental products in the USA and Canada. Henry Schein will continue to distribute the product. The company said they “look forward to implementing a strategy where [they] will have multiple distributors throughout the United States and Canada,” allowing them “to increase our market penetration, with a more significant return on our marketing dollars.” In addition, the company reiterated their prior guidance of revenue of “at least” $1.7M in Q4 2020, representing a 40% sequential increase, and back to near pre-pandemic levels.

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