Welcome to our dedicated page for Scientific Ind news (Ticker: SCND), a resource for investors and traders seeking the latest updates and insights on Scientific Ind stock.
Scientific Industries (SCND) delivers innovative benchtop laboratory equipment and digitally integrated bioprocessing systems for global research institutions. This news hub provides investors and industry professionals with centralized access to corporate developments, operational milestones, and technological advancements.
Track official press releases covering earnings results, product launches like the DOTS sensor platform, and strategic partnerships. Discover updates on manufacturing innovations, research collaborations, and regulatory achievements shaping the life sciences sector.
Our curated news collection enables efficient monitoring of SCND's progress in synthetic biology instrumentation and process optimization solutions. Bookmark this page for real-time updates on operational expansions, leadership announcements, and patent developments impacting laboratory efficiency.
Scientific Industries (OTCQB:SCND), a life sciences tool provider and developer of digitally simplified bioprocessing products, has announced plans to file its Form 10Q on August 14, 2024, for the second quarter ended June 30, 2024. The company will issue a press release reporting its Q2 2024 results before the market opens on August 15, 2024.
A conference call for investors will be held on August 15, 2024, at 11:00 AM Eastern Time. Interested parties can dial (844) 481-2706 or (412) 317-0662 (international) to participate. A live webcast will also be available on the company's Investor Relations page. A replay of the call will be accessible through August 23, 2024.
Scientific Industries (OTCQB:SCND) will participate in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024. The life sciences tool provider will host a webcasted presentation at 2:45 PM ET and engage in one-on-one virtual meetings with investors. The webcast can be accessed on the conference homepage or directly through the provided link. This event allows the company to present its digitally simplified bioprocessing products and engage directly with potential investors.
Scientific Industries (OTCQB:SCND) reported financial results for Q1 of fiscal year 2024, ending March 31, 2024.
Net revenues decreased by 11.5% to $2.5 million from $2.8 million in the prior year period. Bioprocessing Systems Operations revenues increased by 42% to $316,100, while Benchtop Laboratory Equipment revenues decreased by 15% to $2.2 million.
Gross profit decreased by 24% to $1.0 million, with a gross margin of 42%, down from 48% in the prior year period. Operating expenses decreased by 17.7%, resulting in a reduced loss from operations of $2.05 million compared to $2.37 million in the previous year.
The company shipped its first Multi-Parameter Sensor (MPS) under the DOTS platform in April 2024 and completed an equity financing in Q1 2024. Cash, cash equivalents, and investments totaled $4.8 million as of March 31, 2024.
Scientific Industries, Inc. (OTCQB:SCND) will host an investor call on May 16, 2024, to discuss its first quarter financial results. The company plans to file Form 10Q on May 15, 2024, and issue a press release on May 16, 2024, reporting its Q1 2024 results. Interested parties can participate in the call by dialing (844) 481-2706 or (412) 317-0662 (international) or via live webcast. A replay will be available until May 23, 2024.
FAQ
What is the current stock price of Scientific Ind (SCND)?
What is the market cap of Scientific Ind (SCND)?
