Scientific Industries ( (SCND) ) has released its Q3 earnings. Here is a breakdown of the information Scientific Industries presented to its investors.
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Scientific Industries, Inc. is a Delaware-based company specializing in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing products, with operations in the United States and Germany. The company recently released its earnings report for the third quarter of 2025, highlighting a significant turnaround in its financial performance.
The earnings report revealed a notable improvement in net income, with Scientific Industries posting a net income of $3.99 million for the quarter, compared to a net loss of $1.18 million in the same period last year. This positive shift was largely driven by the sale of the Genie Product Line, which contributed a gain of $5.26 million. The company’s revenues for the quarter stood at $1.4 million, a slight increase from the previous year’s $1.33 million.
Key financial metrics showed a mixed performance, with gross profit declining to $638,600 from $679,900 year-over-year, while operating expenses decreased to $2.16 million from $2.25 million. The company’s strategic focus on its Bioprocessing Systems Operations continues to be a priority, although it remains in its start-up stage. The sale of the Genie Product Line has provided a significant cash influx, aiding the company’s liquidity position.
Looking ahead, Scientific Industries’ management remains optimistic about its financial health, supported by the recent asset sale and ongoing strategic initiatives. The company anticipates that its current cash reserves and investments will sustain operations for at least the next year, despite ongoing challenges in its bioprocessing segment.