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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 Reports Financial Results for Full Year Ended December 31, 2023 and Launches New VIVID-LITE S Pill Counter
Investor Conference Call to be held at 11:00 a.m. ET on April 3, 2024 BOHEMIA, NY / ACCESSWIRE / April 1, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products,...
Scientific Industries Announces Industry Veteran, John Nicols, as New Board Member and Chairman of Scientific Bioprocessing Inc.
BOHEMIA, NY / ACCESSWIRE / March 8, 2024 / Scientific Industries, Inc. ("SI") (OTCQB:SCND) announced the appointment of John Nicols to the Board of Directors of SI and Chairman of its wholly, owned subsidiary, Scientific Bioprocessing Inc. ("SBI"), effective March...
Scientific Industries Announces Closing of $7.0 Million Private Placement
Proceeds to fund the commercialization of the first multi-parameter sensor for shake flasks BOHEMIA, NY / ACCESSWIRE / January 25, 2024 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider and a developer of digitally simplified bioprocessing products, announced...
Scientific Industries Reports Financial Results for Third Quarter 2023
Bioprocessing Operations Launched Revolutionary New Products Bioprocessing Revenue Generated From Legacy Products Up 36% Vivid Pill Counters YTD Revenue Up 75% BOHEMIA, NY / ACCESSWIRE / November 14, 2023 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider and...
Scientific Industries to Report Third Quarter 2023 Financial Results on November 14, 2023
Investor Call to be held Wednesday, November 15th at 11:00 AM Eastern Time BOHEMIA, NY / ACCESSWIRE / November 13, 2023 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced...
Scientific Industries' Bioprocessing Systems Operations ("SBI") Unveils Expanded DOTS Platform Revolutionizing Shake Flask Bioprocessing
Multiparameter Sensor ("MPS") reader enables simultaneous monitoring of multiple critical parameters biomass or fluorescence and Dissolved Oxygen ("DO") Sensor Pills single-use chemosensors for online dissolved oxygen monitoring in real-time BOHEMIA, NY / ACCESSWIRE / October 17, 2023 / Scientific Industries,...
Scientific Industries Appoints Bioprocessing Industry Veteran as New Strategic Advisor
John Nicols brings 30+ years of experience growing biotechnology and specialty chemical companies BOHEMIA, NY / ACCESSWIRE / September 20, 2023 / Scientific Industries, Inc. (OTCQB:SCND), the life science tool company delivering digitally simplified bioprocessing, today announced the appointment of...
Scientific Industries, Inc. (SCND) Q2 2023 Earnings Call Transcript
Scientific Industries, Inc. (OTCQB:SCND) Q2 2023 Earnings Conference Call August 15, 2023 11:00 AM ET Company Participants Joe Dorame - Lytham Partners Helena Santos - Chief Executive Officer Daniel Grunes - Chief Executive Officer, Scientific Bioprocessing John Moore - Chairman...
Scientific Industries Reports Financial Results for Second Quarter 2023
Benchtop Lab Equipment Revenue Up Led by Torbal Division's 48% Increase - Bioprocessing Revenue Up 41% BOHEMIA, NY / ACCESSWIRE / August 14, 2023 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider and a developer of digitally simplified...
Scientific Industries to Report Second Quarter 2023 Financial Results on August 14, 2023
Investor Call to be held Tuesday, August 15th at 11:00 AM Eastern Time BOHEMIA, NY / ACCESSWIRE / August 11, 2023 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of digitally simplified bioprocessing products, announced...
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