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SCI ENGINEERED MTRLS INC - SCIA STOCK NEWS

Welcome to our dedicated news page for SCI ENGINEERED MTRLS (Ticker: SCIA), a resource for investors and traders seeking the latest updates and insights on SCI ENGINEERED MTRLS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SCI ENGINEERED MTRLS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SCI ENGINEERED MTRLS's position in the market.

News
SCI Engineered Materials, Inc. Reports 2023 Fourth Quarter and Full-Year Results
Rhea-AI Summary
SCI Engineered Materials, Inc. (SCIA) reported record revenue and earnings for 2023, with revenue reaching $27.98 million, a 19% increase from the previous year. The company's order backlog stood at $7.0 million, showcasing strong customer demand. Gross profit increased by 10% to $5.25 million, driven by higher revenue. Operating expenses rose by 20% due to revenue growth, while net interest income surged to $286,361 in 2023. Income taxes increased by 8% to $586,710, and net income grew by 12% to $2.19 million. Cash and investments rose to $7.67 million, and total debt outstanding decreased by 66% to $49,149.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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none
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News
SCI Engineered Materials, Inc. Reports 2023 Third Quarter and Year-to-date Results
Rhea-AI Summary
SCI Engineered Materials reports record revenue for Q3 2023, with a 32% increase compared to the prior year. Order backlog is $6.1 million, a significant increase from the previous year. Gross profit increased by 12% and 18% for the nine months and three months ended September 30, 2023, respectively. Operating expenses increased by 17% for the year-to-date period. Net income increased by 9% and 31% for the nine months and three months ended September 30, 2023, respectively. Cash and cash equivalents increased by 47% since December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.35%
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none
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News
SCI Engineered Materials, Inc. Reports 2023 Second Quarter and Year-to-date Results
Rhea-AI Summary
SCI Engineered Materials, Inc. (SCIA:OTCQB) reported strong revenue growth in Q2 and H1 2023, driven by record volume and increased sales to multiple niche markets. New product offerings and marketing initiatives are gaining traction, leading to a 29% increase in cash since 2022 year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.15%
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none
News
SCI Engineered Materials, Inc. Reports 2023 First Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.43%
Tags
earnings
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News
SCI Engineered Materials, Inc. Reports Death of Former Director
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
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none
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News
SCI Engineered Materials, Inc. Reports 2022 Fourth Quarter and Full-Year Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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none
News
SCI Engineered Materials, Inc. Announces Installation of New Vacuum Hot Press
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
SCI Engineered Materials, Inc. Reports 2022 Second Quarter and Year-to-date Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.49%
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none
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News
SCI Engineered Materials, Inc. Reports 2022 First Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.47%
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none
News
SCI Engineered Materials, Inc. Reports 2021 Fourth Quarter and Full Year Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.79%
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none
Stock SCIA logo
SCI ENGINEERED MTRLS INC

OTC:SCIA

SCIA Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

SCIA Stock Data

24.46M
2.30M
49.17%
6.03%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
Columbus

About SCIA

sci engineered materials manufactures ceramic and metal targets for advanced applications such as photonics, precision optics, semiconductors, solar, storage media, and thin-film batteries. the company is a global materials supplier with clients in more than 40 countries. the late dr. edward funk, sc.d., and his late wife ingeborg founded superconductive components, inc., in 1987. in 1989 superconductive components inc. became a publicly held company and currently trades under the symbol scia. the stock continues to trade under this symbol on the otcbb exchange. in july of 2002 the company’s two divisions, superconductive components inc. and target materials inc., were merged. the resulting company operates under the name sci engineered materials. by 2004, the company needed more space for its growing business, but desired to remain in columbus, ohio and relocated to a nearby facility with 32,000 ft2 of manufacturing and office space. on august 22, 2007 the company's shareholders appro