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Scientific Industries, Inc. is a global leader in the design, manufacture, and marketing of benchtop laboratory equipment, bioprocessing systems, and catalyst research instruments. Their innovative products include vortex mixers, shakers, rotators, incubators, magnetic stirrers, and more. The company recently reported growth in benchtop lab equipment revenue led by a 48% increase in the Torbal Division. With a focus on digital bioprocessing solutions, they are driving market adoption and developing cutting-edge products to meet customer needs.
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Scientific Industries, Inc. (SCND) reported positive financial results for the full year ended December 31, 2023, with increased revenues and new product launches. The company highlighted the introduction of the DOTS Multi-Parameter Sensor and the VIVID Lite-S pill counter. Despite a decrease in Genie division sales, overall revenues grew by 9%. The management emphasized cost-cutting measures and future growth prospects in the bioprocessing and laboratory equipment sectors.
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Scientific Industries, Inc. (SCND) appoints John Nicols as Chairman of its subsidiary, Scientific Bioprocessing Inc., to drive commercialization of innovative DOTS platform. Nicols brings extensive industry experience to enhance the Board's strategy for growth and value creation.
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Scientific Industries, Inc. (SCND) has closed a $7.0 million private placement financing, issuing 3,500,000 shares of common stock and accompanying warrants. The net proceeds will fund the commercialization of the first multi-parameter sensor for shake flasks. The company aims to develop, commercialize, and market products for bioprocessing on the DOTS Platform and for general corporate purposes. Brookline Capital Markets served as the exclusive placement agent in connection with the financing. The Chairman, John Moore, highlighted the demand for sustainable bio-based materials and the potential of the DOTS platform to automate and digitally simplify the shake flask, enabling controlled reproducible experiments and data collection for AI and machine learning systems.
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Scientific Industries, Inc. (OTCQB: SCND) Launches Revolutionary New Bioprocessing Products, Reports 36% Increase in Revenue from Legacy Products, and Sees YTD Revenue Up 75% from Vivid Pill Counters
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Scientific Industries, Inc. (OTCQB:SCND) to Hold Investor Call on November 15th to Discuss Third Quarter Financial Results. The company will file a Form 10Q for its third quarter financial results ended September 30, 2023, and issue a press release on November 14, 2023. The call will be held at 11:00 AM Eastern Time to discuss its financial results.
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Scientific Industries, Inc. announces the expansion of its DOTS Platform with the launch of the MPS reader and DO Sensor Pills.
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Scientific Industries appoints John Nicols as Strategic Advisor to the Scientific Bioprocessing team
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FAQ
What is the current stock price of SCIENTIFIC INDUSTRIES (SCND)?
The current stock price of SCIENTIFIC INDUSTRIES (SCND) is $0.9 as of December 24, 2024.
What is the market cap of SCIENTIFIC INDUSTRIES (SCND)?
The market cap of SCIENTIFIC INDUSTRIES (SCND) is approximately 12.2M.
What does Scientific Industries, Inc. specialize in?
Scientific Industries, Inc. specializes in the design, manufacture, and marketing of benchtop laboratory equipment, bioprocessing systems, and catalyst research instruments.
What recent achievements has the company reported?
The company recently reported growth in benchtop lab equipment revenue, with a 48% increase in the Torbal Division.
What are some of the innovative products offered by Scientific Industries, Inc.?
Scientific Industries, Inc. offers a range of innovative products including vortex mixers, shakers, rotators, incubators, and magnetic stirrers.
What is the company's focus in terms of product development?
The company is focused on digital bioprocessing solutions and developing cutting-edge products to meet customer needs and drive market adoption.
How is Scientific Industries, Inc. driving growth and market share?
By developing innovative, affordable, and easy-to-use products, the company aims to capture market share and provide complete solutions for customers, ultimately driving top-line growth.
What recent financial results has the company reported?
The company reported growth in benchtop lab equipment revenue and increased bioprocessing product sales, leading to a net loss reduction in the recent financial period.
What upcoming developments can we expect from Scientific Industries, Inc.?
The company is planning to introduce new state-of-the-art sensors for their DOTS platform, focusing on building a successful Bioprocessing business and realizing significant cost savings.
How can I stay informed about news from Scientific Industries, Inc.?
You can stay updated with the latest news, achievements, and financial results from Scientific Industries, Inc. by following their investor calls and visiting their Investor Relations page for webcasts and replays.
What is the company's approach to innovation and customer service?
Scientific Industries, Inc. is committed to innovation, customer service, and delivering exceptional products that meet the evolving needs of the life science industry.
Where can I learn more about Scientific Industries, Inc. and its subsidiaries?
To learn more about Scientific Industries, Inc. and its subsidiary, Scientific Bioprocessing, Inc., visit their official websites for detailed information on products, services, and company updates.
SCIENTIFIC INDUSTRIES INC
OTC:SCND
SCND Rankings
SCND Stock Data
12.23M
6.67M
36.5%
25.37%
Scientific & Technical Instruments
Technology
United States of America
Bohemia