Scientific Industries ( (SCND) ) has released its Q1 earnings. Here is a breakdown of the information Scientific Industries presented to its investors.
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Scientific Industries, Inc., a Delaware-based company, designs and manufactures benchtop laboratory equipment and bioprocessing products, serving a global clientele in the research sector. In its latest earnings report for the quarter ended March 31, 2025, the company reported a net loss of $1.78 million, an improvement from the $2.05 million loss in the same period last year, attributed to cost-cutting measures in its Bioprocessing Systems segment. Revenues for the quarter slightly decreased by 3.1% to $2.41 million, with the Benchtop Laboratory Equipment segment showing growth while the Bioprocessing Systems segment faced declines. Despite the challenges, the company improved its gross profit margin to 42.2% and reduced general and administrative expenses by 17.8%. Looking ahead, Scientific Industries is focused on securing additional capital to support its operations and remains committed to its strategic plans to enhance financial stability and operational efficiency.