Complete financial analysis of Scientific Industries, Inc. (SCND) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Scientific Industries, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Scientific Industries, Inc. (SCND)
Industry: Hardware, Equipment & Parts
Sector: Technology
Website: https://www.scientificindustries.com
About Scientific Industries, Inc.
Scientific Industries, Inc. designs, manufactures, and markets benchtop laboratory equipment and bioprocessing systems worldwide. It offers vortex mixers to mix the contents of test tubes, beakers, and other containers by placing such containers on a rotating cup or other attachments; and various mixers and shakers, such as high speed touch mixers, mixers with an integral timer, cell disruptors, microplate mixers, vortex mixers incorporating digital control and display, multi-vessel vortex mixers, and orbital shakers. The company also provides benchtop multi-purpose rotators and rockers to rotate and rock various containers; refrigerated incubators and incubated shakers for shaking and stirring functions; and magnetic stirrers, including high/low programmable magnetic stirrers, four-place high/low programmable magnetic stirrers, large volume magnetic, and four-place general purpose stirrers. In addition, it offers bioprocessing systems comprising disposable sensors, such as coaster systems and other shaking products using vessels; and mechanical balances, moisture analyzers, pill counters, test stands, and force gauges, as well as pharmacy, laboratory, and industrial digital scales. The company's products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company markets its products under the Genie and Torbal brand names directly, as well as through laboratory equipment distributors and online. Scientific Industries, Inc. was incorporated in 1954 and is headquartered in Bohemia, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.11M | 10.48M | 9.78M | 8.57M | 10.20M | 10.20M | 8.48M | 8.15M | 9.60M | 7.85M | 6.79M | 7.13M | 6.20M | 5.87M | 7.07M | 5.99M | 6.67M | 4.88M | 3.47M | 3.59M | 3.53M | 3.26M | 3.46M | 3.44M | 3.01M | 3.17M | 3.41M | 3.08M | 2.52M | 2.67M | 2.55M | 2.52M | 2.18M | 2.18M | 2.14M | 2.36M | 2.17M | 1.84M | 2.06M |
| Cost of Revenue | 6.01M | 5.84M | 4.80M | 4.72M | 5.83M | 5.83M | 5.26M | 5.27M | 5.68M | 4.73M | 4.18M | 4.18M | 3.85M | 3.46M | 4.33M | 3.80M | 4.27M | 2.92M | 1.77M | 1.84M | 1.86M | 1.91M | 2.05M | 2.01M | 1.90M | 1.96M | 2.10M | 1.87M | 1.57M | 1.72M | 1.52M | 1.57M | 1.43M | 1.53M | 1.50M | 1.60M | 1.42M | 1.27M | 1.32M |
| Gross Profit | 5.10M | 4.64M | 4.98M | 3.85M | 4.37M | 4.37M | 3.22M | 2.88M | 3.92M | 3.12M | 2.61M | 2.96M | 2.36M | 2.41M | 2.74M | 2.19M | 2.40M | 1.96M | 1.70M | 1.75M | 1.67M | 1.34M | 1.41M | 1.43M | 1.11M | 1.21M | 1.32M | 1.21M | 943.50K | 956.60K | 1.03M | 950.00K | 750.00K | 650.00K | 640.00K | 760.00K | 750.00K | 570.00K | 740.00K |
| Gross Profit Ratio | 45.92% | 44.26% | 50.90% | 44.96% | 42.82% | 42.82% | 37.99% | 35.33% | 40.82% | 39.77% | 38.48% | 41.47% | 38.01% | 41.04% | 38.75% | 36.63% | 36.03% | 40.08% | 49.02% | 48.66% | 47.23% | 41.22% | 40.76% | 41.53% | 36.92% | 38.24% | 38.55% | 39.36% | 37.48% | 35.78% | 40.39% | 37.70% | 34.40% | 29.82% | 29.91% | 32.20% | 34.56% | 30.98% | 35.92% |
| Research & Development | 3.57M | 2.79M | 1.62M | 1.14M | 530.50K | 530.50K | 520.90K | 437.50K | 349.00K | 392.20K | 426.70K | 450.50K | 375.90K | 324.40K | 343.80K | 452.60K | 394.60K | 302.10K | 316.50K | 350.20K | 364.80K | 292.30K | 289.60K | 251.80K | 285.90K | 195.40K | 174.70K | 206.70K | 76.10K | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K | 10.00K | 20.00K | 30.00K | 20.00K | 30.00K |
| General & Administrative | 5.42M | 5.32M | 4.03M | 2.41M | 1.92M | 1.92M | 1.75M | 1.67M | 1.70M | 1.70M | 1.51M | 1.28M | 1.23M | 1.18M | 1.10M | 909.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 822.10K | 0.00 | 0.00 | 834.60K | 724.00K | 691.50K | 646.00K | 690.00K | 660.00K | 600.00K | 580.00K | 700.00K | 730.00K | 720.00K | 690.00K | 650.00K |
| Selling & Marketing | 5.38M | 4.70M | 4.03M | 1.44M | 1.14M | 1.14M | 957.50K | 888.80K | 1.42M | 1.05M | 792.90K | 723.10K | 714.20K | 638.50K | 554.10K | 435.50K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 159.20K | 0.00 | 0.00 | 139.20K | 131.30K | 84.90K | 51.40K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.80M | 10.02M | 8.06M | 3.85M | 3.06M | 3.06M | 2.71M | 2.55M | 3.11M | 2.75M | 2.31M | 2.00M | 1.94M | 1.81M | 1.65M | 1.34M | 1.53M | 1.27M | 957.10K | 998.70K | 996.00K | 1.01M | 1.03M | 981.30K | 846.80K | 838.40K | 973.80K | 855.30K | 776.40K | 697.40K | 690.00K | 660.00K | 600.00K | 580.00K | 700.00K | 730.00K | 720.00K | 690.00K | 650.00K |
| Other Expenses | 0.00 | 0.00 | 571.60K | -16.20K | -7.80K | -7.80K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -848.70K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 92.70K | 94.50K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -10.00K | 0.00 | 0.00 |
| Operating Expenses | 14.36M | 12.86M | 9.68M | 4.99M | 3.59M | 3.59M | 3.23M | 2.99M | 3.46M | 3.14M | 2.73M | 2.45M | 2.32M | 2.14M | 2.00M | 1.80M | 1.92M | 1.58M | 424.90K | 1.35M | 1.36M | 1.30M | 1.32M | 1.23M | 1.23M | 1.13M | 1.15M | 1.06M | 852.50K | 697.40K | 690.00K | 660.00K | 600.00K | 590.00K | 710.00K | 750.00K | 740.00K | 710.00K | 680.00K |
| Cost & Expenses | 20.37M | 18.70M | 14.48M | 9.71M | 9.42M | 9.42M | 8.49M | 8.26M | 9.14M | 7.87M | 6.91M | 6.63M | 6.17M | 5.60M | 6.33M | 5.59M | 6.19M | 4.50M | 2.19M | 3.19M | 3.22M | 3.21M | 3.37M | 3.24M | 3.12M | 3.09M | 3.25M | 2.93M | 2.43M | 2.41M | 2.21M | 2.23M | 2.03M | 2.12M | 2.21M | 2.35M | 2.16M | 1.98M | 2.00M |
| Interest Income | 107.20K | 77.30K | 82.20K | 12.60K | 3.40K | 3.40K | 6.10K | 10.60K | 6.00K | 4.30K | 0.00 | 6.80K | 12.80K | 21.90K | 23.40K | 26.10K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 1.50K | 1.50K | 1.70K | 2.90K | 33.90K | 4.20K | 3.10K | 4.80K | 4.60K | 21.90K | 23.40K | 26.10K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K | 20.00K | 20.00K | 0.00 | 20.00K | 20.00K | 30.00K | 70.00K | 70.00K |
| Depreciation & Amortization | 754.00K | 761.60K | 251.50K | 156.30K | 252.90K | 257.30K | 305.10K | 403.90K | 641.60K | 434.80K | 262.80K | 178.80K | 185.90K | 188.40K | 197.60K | 205.50K | 213.50K | 150.10K | 78.10K | 66.60K | 68.00K | 65.40K | 65.30K | 71.80K | 92.70K | 94.50K | 77.80K | 69.40K | 52.10K | 30.60K | 10.00K | 10.00K | 10.00K | 10.00K | 30.00K | 30.00K | 60.00K | 0.00 | 140.00K |
| EBITDA | -8.51M | -7.41M | -4.46M | -979.00K | 1.03M | 1.03M | 308.20K | 260.00K | 894.40K | 431.70K | 158.90K | 704.40K | 252.40K | 517.50K | 998.60K | 635.50K | 758.00K | 585.20K | 547.10K | 489.60K | 393.70K | 117.70K | 170.80K | 295.30K | -19.60K | -296.10K | 288.00K | 248.90K | 175.70K | 329.90K | 390.00K | 390.00K | 240.00K | 70.00K | -40.00K | 90.00K | 80.00K | -140.00K | 190.00K |
| EBITDA Ratio | -76.55% | -70.73% | -45.60% | -11.42% | 10.09% | 10.13% | 3.63% | 3.19% | 9.32% | 5.50% | 2.34% | 9.87% | 4.07% | 8.82% | 14.12% | 10.61% | 11.37% | 11.99% | 15.79% | 13.63% | 11.14% | 3.61% | 4.94% | 8.60% | -0.65% | -9.34% | 8.43% | 8.09% | 6.98% | 12.34% | 15.29% | 15.48% | 11.01% | 3.21% | -1.87% | 3.81% | 3.69% | -7.61% | 9.22% |
| Operating Income | -9.26M | -8.17M | -4.71M | -1.14M | 776.10K | 776.10K | -5.50K | -160.40K | 245.00K | -16.80K | -118.70K | 507.40K | 36.70K | 270.80K | 743.70K | 396.20K | 480.50K | 380.00K | 1.27M | 399.60K | 307.70K | 42.60K | 86.30K | 193.30K | -115.90K | 84.50K | 168.00K | 149.20K | 91.00K | 259.20K | 330.00K | 290.00K | 150.00K | 60.00K | -70.00K | 10.00K | 20.00K | -140.00K | 50.00K |
| Operating Income Ratio | -83.34% | -78.00% | -48.17% | -13.25% | 7.61% | 7.61% | -0.06% | -1.97% | 2.55% | -0.21% | -1.75% | 7.11% | 0.59% | 4.61% | 10.52% | 6.62% | 7.20% | 7.79% | 36.75% | 11.12% | 8.71% | 1.31% | 2.50% | 5.63% | -3.86% | 2.66% | 4.92% | 4.85% | 3.61% | 9.70% | 12.94% | 11.51% | 6.88% | 2.75% | -3.27% | 0.42% | 0.92% | -7.61% | 2.43% |
| Total Other Income/Expenses | 170.10K | 24.80K | 653.80K | -4.60K | -5.90K | -5.90K | 6.90K | 13.60K | -26.10K | 9.50K | 11.70K | 13.40K | 25.20K | 36.40K | 33.90K | 7.70K | 64.00K | 55.10K | -804.60K | 23.40K | 18.00K | 9.70K | 19.20K | 30.20K | -12.60K | -475.10K | 42.20K | 30.30K | 32.60K | 40.10K | 20.00K | 20.00K | 20.00K | 0.00 | 20.00K | 20.00K | 20.00K | 70.00K | 70.00K |
| Income Before Tax | -9.09M | -8.15M | -4.06M | -1.14M | 770.20K | 770.20K | 1.40K | -146.80K | 218.90K | -7.30K | -107.00K | 520.80K | 61.90K | 307.20K | 777.60K | 403.90K | 544.50K | 435.10K | 469.00K | 423.00K | 325.70K | 52.30K | 105.50K | 223.50K | -128.50K | -390.60K | 210.20K | 179.50K | 123.60K | 299.30K | 350.00K | 310.00K | 170.00K | 60.00K | -50.00K | 30.00K | 40.00K | -70.00K | 120.00K |
| Income Before Tax Ratio | -81.81% | -77.76% | -41.48% | -13.30% | 7.55% | 7.55% | 0.02% | -1.80% | 2.28% | -0.09% | -1.58% | 7.30% | 1.00% | 5.23% | 11.00% | 6.74% | 8.16% | 8.92% | 13.53% | 11.77% | 9.22% | 1.61% | 3.05% | 6.51% | -4.28% | -12.32% | 6.16% | 5.83% | 4.91% | 11.20% | 13.73% | 12.30% | 7.80% | 2.75% | -2.34% | 1.27% | 1.84% | -3.80% | 5.83% |
| Income Tax Expense | -3.30K | 2.39M | -945.00K | -436.60K | 124.60K | 124.60K | 161.90K | -74.20K | 53.30K | -16.00K | -31.70K | 124.40K | -4.20K | 79.60K | 237.90K | 84.40K | 153.00K | 123.10K | 147.30K | 118.50K | 77.00K | -11.50K | 28.30K | -101.60K | -12.60K | -43.00K | 29.70K | 43.80K | 42.10K | 93.00K | 130.00K | 90.00K | 60.00K | 10.00K | 0.00 | 10.00K | 10.00K | 0.00 | 0.00 |
| Net Income | -9.09M | -8.15M | -3.11M | -703.30K | 645.60K | 645.60K | -160.50K | -72.60K | 165.60K | 8.70K | -75.30K | 396.40K | 66.10K | 227.60K | 539.70K | 319.50K | 391.50K | 312.00K | 321.70K | 304.50K | 248.70K | 63.80K | 77.20K | 325.10K | -112.30K | -347.60K | 180.50K | 135.70K | 81.50K | 206.30K | 240.00K | 270.00K | 150.00K | 50.00K | -50.00K | 30.00K | 40.00K | -70.00K | 120.00K |
| Net Income Ratio | -81.78% | -77.76% | -31.82% | -8.21% | 6.33% | 6.33% | -1.89% | -0.89% | 1.73% | 0.11% | -1.11% | 5.56% | 1.07% | 3.88% | 7.63% | 5.33% | 5.87% | 6.39% | 9.28% | 8.47% | 7.04% | 1.96% | 2.23% | 9.46% | -3.74% | -10.96% | 5.29% | 4.41% | 3.24% | 7.72% | 9.41% | 10.71% | 6.88% | 2.29% | -2.34% | 1.27% | 1.84% | -3.80% | 5.83% |
| EPS | -0.90 | -1.16 | -0.47 | -0.22 | 0.43 | 0.43 | -0.11 | -0.05 | 0.11 | 0.01 | -0.05 | 0.30 | 0.05 | 0.19 | 0.45 | 0.27 | 0.34 | 0.29 | 0.30 | 0.31 | 0.26 | 0.07 | 0.08 | 0.38 | -0.13 | -0.42 | 0.22 | 0.14 | 0.09 | 0.22 | 0.25 | 0.29 | 0.19 | 0.06 | -0.06 | 0.04 | 0.05 | -0.09 | 0.16 |
| EPS Diluted | -0.90 | -1.16 | -0.47 | -0.22 | 0.43 | 0.43 | -0.11 | -0.05 | 0.11 | 0.01 | -0.05 | 0.30 | 0.05 | 0.19 | 0.45 | 0.26 | 0.32 | 0.27 | 0.30 | 0.29 | 0.24 | 0.06 | 0.08 | 0.33 | -0.13 | -0.42 | 0.18 | 0.14 | 0.09 | 0.22 | 0.25 | 0.29 | 0.19 | 0.06 | -0.06 | 0.04 | 0.05 | -0.09 | 0.16 |
| Weighted Avg Shares Out | 10.15M | 7.00M | 6.64M | 3.19M | 1.52M | 1.49M | 1.46M | 1.49M | 1.49M | 1.48M | 1.39M | 1.34M | 1.28M | 1.20M | 1.20M | 1.18M | 1.16M | 1.08M | 1.07M | 978.01K | 965.23K | 955.77K | 930.70K | 851.98K | 835.54K | 835.54K | 826.59K | 969.29K | 905.56K | 937.73K | 960.00K | 920.00K | 800.00K | 800.00K | 800.00K | 800.00K | 800.00K | 800.00K | 750.00K |
| Weighted Avg Shares Out (Dil) | 10.15M | 7.00M | 6.64M | 3.19M | 1.52M | 1.51M | 1.49M | 1.49M | 1.49M | 1.48M | 1.39M | 1.34M | 1.29M | 1.21M | 1.21M | 1.21M | 1.21M | 1.14M | 1.07M | 1.05M | 1.02M | 994.11K | 1.01M | 981.46K | 835.54K | 835.54K | 978.55K | 969.29K | 905.56K | 937.73K | 960.00K | 920.00K | 800.00K | 800.00K | 800.00K | 800.00K | 800.00K | 800.00K | 750.00K |
Scientific Industries, Inc. (SCND) Q3 2023 Earnings Call Transcript
Scientific Industries, Inc. (OTCQB:SCND) Q3 2024 Earnings Conference Call November 15, 2024 11:00 AM ET Company Participants Joe Dorame - Lytham Partners Helena Santos - Chief Executive Officer Daniel Donadille - Chief Executive Officer, Scientific Bioprocessing John Moore - Chairman...
Scientific Industries Reports Third Quarter 2024 Financial Results
BIOPROCESSING OPERATIONS RECORDS 3 CONSECUTIVE QUARTERS OF REVENUE GROWTH OPERATIONAL EFFICIENCIES CUT QUARTER AND YTD NET LOSSES BY 46% AND 34% TWO MAJOR NEW PRODUCTS TO LAUNCH IN Q1 2025 Investor Call to be held Friday, November 15ᵗʰ at 11:00...
Scientific Industries to Host Third Quarter 2024 Financial Results Investor Call on November 15, 2024
BOHEMIA, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTCQB: SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced today it plans file the Form 10Q on November 14, 2024, for its...
Scientific Industries to Present at the Craig-Hallum Bioprocessing Conference on September 19, 2024
Fireside Chat to be held at 12:30 p.m. Eastern Time BOHEMIA, NY / ACCESSWIRE / September 17, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced today that John...
Scientific Industries Reports Second Quarter 2024 Results
STRONG PIPELINE FOR BIOPROCESSING DOTS MPS & TORBAL VIVID PILL COUNTER OPERATIONAL EFFICIENCIES CUT QUARTER AND YTD NET LOSS BY 41% AND 28% NET CASH USED BY OPERATIONS REDUCED BY 33% Investor Call to be held Thursday, August 15th at...
Scientific Industries to Host Second Quarter 2024 Financial Results Investor Call on August 15, 2024
Investor Call to be held at 11:00 AM Eastern Time BOHEMIA, NY / ACCESSWIRE / August 14, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced today it plans...
Scientific Industries Reports Financial Results for First Quarter of Fiscal Year 2024
BIOPROCESSING REVENUES INCREASE 42% FIRST MULTI-PARAMETER SENSOR ("MPS") PRODUCTS SHIPPED IN APRIL Investor Call to be held Thursday, May 16th at 11:00 a.m. Eastern Time BOHEMIA, NY / ACCESSWIRE / May 16, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life...
Scientific Industries to Host First Quarter 2024 Financial Results Investor Call on May 16, 2024
Investor Call to be held at 11:00 AM Eastern Time BOHEMIA, NY / ACCESSWIRE / May 10, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced today it plans...
Scientific Industries Announces Appointment of Industry Leader Michael Blechman as New Board Member
BOHEMIA, NY / ACCESSWIRE / April 16, 2024 / Scientific Industries, Inc. (OTCQB:SCND) ("SI") announced the appointment of Michael Blechman to the Board of Directors of SI effective April 12, 2024. Mr. Blechman filled a Board vacancy and replaces Mr.
Scientific Industries to Host Full Year 2023 Financial Results Investor Call on April 3, 2024
Investor Call to be held at 11:00 AM Eastern Time BOHEMIA, NY / ACCESSWIRE / April 1, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced today it filed...
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