Milestone Scientific Inc (NYSE:MLSS) CEO Arjan Haverhals tells Proactive the group's first-quarter revenue increased by double-digits year-over-year as the company commercializes its CompuFlo Epidural System.
It also closed the quarter with about $17 million in cash and cash equivalents -- a substantial runway Haverhals says will allow Milestone Scientific to accelerate its sales and marketing activities around its dental and medical instruments.
What's more, Haverhals has been promoted to be Milestone's new CEO after Leonard Osser said he intends to step down as the company’s interim CEO.