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Stock impact report

Scientific Industries Reports Financial Results for First Quarter of Fiscal Year 2024 [Yahoo! Finance]

SCIENTIFIC INDUSTRIES INC (SCND) 
NASDAQ:AMEX Investor Relations: scientificindustries.com/investor-relations
Company Research Source: Yahoo! Finance
BOHEMIA, NY / ACCESSWIRE / May 16, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, yesterday reported financial results for the three-month period ended March 31, 2024. Business Highlights: The Company reported a decreased loss from operations and instituted operational efficiency programs that will benefit the remainder of fiscal 2024. Bioprocessing Systems Operations revenues increased 42% compared to same period last year. The Company shipped its first Multi-Parameter Sensor ("MPS") under the Bioprocessing Systems Operations' DOTS platform in April 2024. 2024 First Quarter Financial Highlights: Net revenues totaled $2.5 million versus $2.8 million in the prior year period. Bioprocessing Systems Operations revenues totaled $316,100, an increase of 42%, compared to $223,200 in the prior year period. Benchtop Laboratory Equipment revenues totaled $2.2 million, a decrease of Show less Read more
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