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Applied DNA Sciences ( (APDN) ) has shared an announcement.
On September 30, 2025, Applied DNA Sciences‘ Board of Directors approved a restructuring plan to reduce operating expenses and focus on a BNB-focused treasury strategy, resulting in a 60% workforce reduction and estimated annual cost savings of $2.9 million. Additionally, the company announced a change in its Nasdaq ticker symbol from ‘APDN’ to ‘BNBX’, effective October 7, 2025, to reflect its strategic commitment to a BNB-based treasury strategy aimed at optimizing yield generation and token accumulation within the Binance ecosystem.
Spark’s Take on APDN Stock
According to Spark, TipRanks’ AI Analyst, APDN is a Neutral.
Applied DNA Sciences faces substantial financial and operational challenges, as indicated by declining revenues and net losses. Despite some positive strategic moves, such as focusing on LineaRx, the stock suffers from poor technical indicators and valuation metrics. The company’s ongoing financial struggles and the uncertainties highlighted in the earnings call contribute to a low overall stock score.
To see Spark’s full report on APDN stock, click here.
More about Applied DNA Sciences
Applied DNA Sciences is a biotechnology company that focuses on a BNB digital asset treasury strategy and commercializes nucleic acid production solutions for the biopharmaceutical and diagnostics markets.
Average Trading Volume: 417,459
Technical Sentiment Signal: Strong Sell
Current Market Cap: $5.51M
Learn more about APDN stock on TipRanks’ Stock Analysis page.