Scientific Industries, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 17, 2021 at 07:02 pm
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Scientific Industries, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 2.508 million compared to USD 2.136 million a year ago. Operating loss was USD 1.858 million compared to USD 235,000 a year ago. Net loss was USD 1.435 million compared to USD 314,600 a year ago. Basic loss per share was USD 0.5 compared to USD 0.21 a year ago. Basic loss per share from continuing operations was USD 0.51 compared to USD 0.15 a year ago. For the nine months, sales was USD 7.245 million compared to USD 6.234 million a year ago. Operating loss was USD 2.298 million compared to USD 58,800 a year ago. Net loss was USD 2.311 million compared to USD 367,200 a year ago. Basic loss per share was USD 0.81 compared to USD 0.25 a year ago. Basic loss per share from continuing operations was USD 0.61 compared to USD 0.05 a year ago.
Scientific Industries, Inc. designs, manufactures, and markets standard benchtop laboratory equipment and bioprocessing systems and products (Bioprocessing Systems). The Company operates through two segments: the manufacture and marketing of standard Benchtop Laboratory Equipment, which includes various types of equipment used for research and sample preparation in university, pharmacy and industrial laboratories sold primarily through laboratory equipment distributors and online, and weight and measurement products, including pill counters and digital scales, and the design, development, manufacture and marketing of bioprocessing products, principally products incorporating smart sensors and software analytics, sold primarily on a direct basis through the Companyâs internal sales force. Its Benchtop Laboratory Equipment products consist of mixers and shakers, rotators/rockers, refrigerated and shaking incubators, and magnetic stirrers sold through the Genie division.
SCIENTIFIC INDUSTRIES, INC. 
