Scientific Industries, Inc reports Q1 EPS (20c) vs. (34c) last year

Reports Q1 revenue $2.5M vs. $2.8M last year. Helena Santos, Chief Executive Officer of Scientific Industries, stated, “This is an exciting time for the Company, as we are making significant progress in our Bioprocessing business with the introduction of new state-of-the-art sensors for our innovative DOTS platform. In order to enable us continue our journey to building a successful Bioprocessing business, we completed an equity financing during the first quarter of 2024. Additionally, during the quarter, we also embarked on the implementation of a series of operational efficiency programs with a view to realize significant cost savings over the next twelve months, while focusing on revenue growth, particularly from our Bioprocessing Systems Operations. These critical actions give me confidence we are building the foundation for a successful year and beyond.”