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

Milestone Scientific (MLSS) shares surged 35.67% after-hours following its third-quarter results. The company reported reduced operating expenses by over $500,000, leading to a 23% decrease in operating loss to $1.1 million. Net loss narrowed to $1.2 million, or $0.01 per share. Revenue was mixed, with a slight decline in Q3 but a 5% increase for the first nine months. The company is advancing its reimbursement strategy. Despite the recent surge, MLSS shares have fallen 59.61% year-to-date.