Scientific Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 16, 2022 at 04:32 pm EDT
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Scientific Industries, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was USD 2.86 million compared to USD 2.51 million a year ago. Net loss was USD 1.54 million compared to USD 1.44 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.51 a year ago. Basic loss per share was USD 0.23 compared to USD 0.5 a year ago. Diluted loss per share was USD 0.23 compared to USD 0.5 a year ago.
For the nine months, sales was USD 8.62 million compared to USD 7.25 million a year ago. Net loss was USD 3.64 million compared to USD 2.31 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 0.61 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to USD 0.61 a year ago. Basic loss per share was USD 0.56 compared to USD 0.81 a year ago. Diluted loss per share was USD 0.56 compared to USD 0.81 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. 
