Applied DNA Sciences, Inc. - APDN STOCK NEWS

Applied DNA Sciences (NASDAQ: APDN) anticipates fiscal Q1 2021 revenues between $1.3 million and $1.6 million, significantly up from $314,000 in Q4 2020. This growth is attributed to the safeCircle™ COVID-19 testing program and sales of the Linea™ COVID-19 Assay Kit. The company reports strong client acquisition and ongoing demand, including a recent contract with Suffolk County worth up to $2 million. Full financial results are expected in mid-February.

Applied DNA Sciences, Inc. (NASDAQ: APDN) announced a partnership between its subsidiary, Applied DNA Clinical Laboratories, LLC (ADCL), and CLEARED4, a provider of health safety solutions. This partnership allows ADCL to resell subscriptions to CLEARED4's platform as part of its safeCircle pooled COVID-19 testing program. The integrated platform enhances COVID-19 safety protocols for businesses and schools. Dr. James A. Hayward, CEO of Applied DNA, emphasized the partnership’s role in scaling high-volume clients and improving infection detection. The CLEARED4 platform has issued over one million access passes, providing significant growth potential.

Applied DNA Sciences (NASDAQ: APDN) announced a strategic partnership between its subsidiary, Applied DNA Clinical Laboratories (ADCL), and CLEARED4 for COVID-19 surveillance testing. ADCL can resell CLEARED4 subscriptions as part of its safeCircle program. The integration enhances health safety protocols for clients, providing automated management of surveillance testing and timely results. CLEARED4 recently issued its one-millionth return-to-work Access Pass, demonstrating the platform's adoption in various sectors. This collaboration aims to expedite the safe return to work, schools, and public settings.

Applied DNA Sciences (APDN) reported financial results for the fiscal year and quarter ending September 30, 2020. Revenues fell 64% year-over-year to $1.9 million, primarily due to a drop in service and product revenues linked to the pandemic. The net loss applicable to common stockholders widened to $13 million, or $3.32 per share. The company has focused on developing COVID-19 related diagnostics and vaccines, securing partnerships and contracts, particularly with Stony Brook University Hospital. Cash reserves stood at $7.8 million at fiscal year-end, with ongoing efforts to address supply chain security.

Applied DNA Sciences, Inc. (NASDAQ: APDN) announced that its subsidiary, Applied DNA Clinical Laboratories (ADCL), has been awarded a COVID-19 surveillance testing program with Suffolk County, valued at up to $2 million. This 6-month contract may extend based on testing demand. The initiative will provide County employees access to efficient testing, crucial for managing the ongoing pandemic. ADCL's partnership with CLEARED4 enhances program automation and compliance with health regulations, while the safeCircle™ program uses pooled testing to identify infections rapidly.

Applied DNA Sciences (NASDAQ: APDN) reports increasing demand for its safeCircle pooled COVID-19 testing program, primarily from New York State schools adhering to the Winter COVID-19 Plan. New agreements could lead to a weekly testing population exceeding 5,000 individuals. The program aims to control infection rates in schools, requiring testing based on infection thresholds in designated micro-cluster zones. SafeCircle delivers results within 24 hours using its PCR-based technology.

Applied DNA Sciences, Inc. (NASDAQ: APDN) will release its fiscal 2020 fourth quarter financial results on December 17, 2020, after market close. A conference call is scheduled for 4:30 p.m. EST, with a live broadcast available online. The company provides solutions for supply chain security, anti-counterfeiting, and therapeutic drug candidates. Investors can access a recording of the call and subsequent webcasts on the company's website.

Applied DNA Sciences (NASDAQ: APDN) announced the expansion of its commercial activities through a multi-year Master Services Agreement with Nutrition21. Nutrition21 will utilize Applied DNA's CertainT® platform to secure its dietary supplement ingredients’ intellectual property. The agreement includes follow-on orders for the second year of commercial production, with shipments expected in the current fiscal quarter. Nutrition21 is the first to adopt this platform, which will enhance ingredient authenticity and address IP infringement, supporting both companies’ growth in the dietary supplements market.

Applied DNA Sciences (NASDAQ: APDN) announced its subsidiary, Applied DNA Clinical Laboratories, will implement its COVID-19 surveillance testing program, safeCircle™, for Stony Brook University’s basketball teams. This program will facilitate three testing sessions weekly, using the Linea™ COVID-19 Assay Kit, enhancing safety for athletes and staff.

Dr. James A. Hayward highlighted the significance of this partnership, aiming to set a testing model for other sports teams. The initiative represents a strategic expansion of ADCL's surveillance testing services amid ongoing COVID-19 challenges.