| Business Summary | | MFIC
Corporation
specializes
in
producing
and
marketing
a
broad
line
of
fluid
materials
processing
systems
used
for
a
variety
of
grinding,
dispersing,
milling
and
blending
applications
across
a
variety
of
industries.
The
Company
operates
through
its
wholly
owned
subsidiaries,
Microfluidics
Corporation
and
MediControl
Corporation,
its
Microfluidics
Division,
as
well
as
its
other
operating
divisions,
Epworth
Mill
and
Morehouse-COWLES.
Microfluidizer
high-shear
materials
processor
systems
are
produced
at
the
Microfluidics
Division,
while
dispersers,
dissolvers,
colloid
mills,
horizontal
media
mills
and
vertical
media
mills
are
produced
at
the
Morehouse-COWLES
Division.
The
Epworth
Mill
Division
sells
and
distributes
grinding
media.
Microfluidizer
materials
processing
equipment
is
used
to
formulate
high-shear
fluid
emulsions,
dispersions
and
liposomes,
and
is
used
in
deagglomeration
and
cell
disruption
for
the
biotech
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MFIC
specializes
in
producing
and
marketing
a
broad
line
of
proprietary
fluid
materials
processing
systems
used
for
a
variety
of
grinding,
mixing,
milling,
and
blending
applications.
For
the
three
months
ended
3/31/01,
revenues
rose
19%
to
$4.5
million.
Net
income
before
extraordinary
item
totalled
$497
thousand
up
from
$51
thousand.
Revenues
reflect
an
increase
in
sales
of
machines.
Net
income
also
reflects
a
decrease
in
selling
expenses
and
research
and
development
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,437;
after
tax
earnings
were
-286. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Irwin Gruverman, 67 Chairman,
CEO, Sec., Treasurer | $95K | Robert Bruno Pres | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|