Welcome to our dedicated page for Sci Engineered news (Ticker: SCIA), a resource for investors and traders seeking the latest updates and insights on Sci Engineered stock.
SCI Engineered Materials reports company developments tied to its advanced materials manufacturing for physical vapor deposition thin film applications. Company news commonly covers financial results, order activity, product mix, raw-material effects, manufacturing capabilities, specialty services and customer-development efforts in niche advanced-materials markets.
Updates also include governance and management changes, sales and marketing initiatives, trade-show participation, share repurchase authorization and risk-related business events. The company has also described growth initiatives connected to powders used in aerospace, defense, medical and other advanced manufacturing applications.
SCI Engineered Materials (OTCQB:SCIA) reported its Q2 2025 financial results, showing mixed performance amid challenging market conditions. Revenue decreased to $3.6M in Q2 2025 from $5.5M in Q2 2024, while net income declined to $364,459 ($0.08 per share) from $526,506 ($0.12 per share).
The company launched two new products in Q2 2025: an indium tin oxide product for domestic manufacturing and a patented rotatable target. Order backlog increased to $3.4M as of June 30, 2025, up from $2.9M year-over-year. The company maintains a strong financial position with $8.0M in cash and no debt, while gross margin improved despite lower volumes.
SCI Engineered Materials (SCIA) reported its financial results for Q4 and full-year 2024. Annual revenue decreased to $22.87 million from $27.98 million in 2023, primarily due to lower raw material costs and slight volume decrease. Net income for 2024 was $1.86 million ($0.41 per diluted share), compared to $2.19 million ($0.48 per diluted share) in 2023.
The company's gross profit slightly decreased to $5.07 million in 2024 from $5.25 million in 2023. Operating expenses increased 10% to $3.02 million. Cash position strengthened with cash and cash equivalents reaching $6.75 million, up 19% from previous year. The company maintained zero debt as of December 31, 2024, and reported an order backlog of $2.5 million.
Management highlighted ongoing implementation of growth strategies including digital marketing campaigns, trade show participation, and plans to launch new products in 2025.
SCI Engineered Materials (SCIA) reported its Q3 and YTD 2024 financial results. Despite stable order volume, Q3 revenue decreased to $3.88M from $7.7M year-over-year, primarily due to lower raw material costs. YTD revenue was $17.82M compared to $20.95M in 2023. Net income for Q3 2024 was $360,578 ($0.08 per share), down from $578,784 ($0.13 per share) in Q3 2023. The company maintained a strong financial position with $7.66M in cash and equivalents plus $2M in marketable securities, with no debt outstanding as of September 30, 2024.
SCI Engineered Materials, Inc. (OTCQB:SCIA) reported record revenue and net income for the first half of 2024. Key highlights include:
- Revenue for H1 2024: $13,935,805, up from $13,254,837 in H1 2023
- Net income for H1 2024: $1,071,830, increased from $1,049,379 in H1 2023
- Earnings per share for H1 2024: $0.24, up from $0.23 in H1 2023
- Q2 2024 revenue: $5,532,710, down from $7,457,690 in Q2 2023
- Q2 2024 net income: $526,506, up from $511,359 in Q2 2023
- Cash and cash equivalents: $6,192,476 as of June 30, 2024
The company experienced slower economic activity recently but remains focused on profitability and strategic growth initiatives. Gross profit increased despite lower Q2 revenue, primarily due to product mix.
SCI Engineered Materials announced a five-year manufacturing agreement with Battle Sight Technologies to produce ColdFIRE® powder for defense applications. ColdFIRE® is a photoluminescent powder that provides a bright infrared glow for over 12 hours and is used in coatings, films, and other materials for tactical equipment. It requires no batteries or electronics, recharges quickly, and does not alter original form factors. This agreement is expected to enhance SCI's presence in the defense industry, utilizing existing equipment and capabilities to support safety and first responder applications.
SCI Engineered Materials, Inc. reported record revenue of $8,403,095 for the first quarter of 2024, a 45% increase from the same period last year. The company's gross profit increased by 7% to $1,415,116, but operating expenses also rose. Net income was $545,324, with earnings per share at $0.12. Cash and equivalents declined slightly, while total debt outstanding decreased by 42%.
Summary not available.
Summary not available.
Summary not available.