Scientific Industries, Inc. Reports Earnings Results for the Full Year Ended June 30, 2021
October 14, 2021 at 04:57 pm EDT
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Scientific Industries, Inc. announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was USD 9.775 million compared to USD 7.784 million a year ago. Operating loss was USD 4.708 million compared to USD 663,500 a year ago. Net loss was USD 3.672 million compared to USD 703,300 a year ago. Basic loss per share was USD 1.15 compared to USD 0.46 a year ago. Basic loss per share from continuing operations was USD 0.97 compared to USD 0.3 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. 
