Scientific Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
February 17, 2022 at 03:56 am IST
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Scientific Industries, Inc. reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was USD 2.9 million compared to USD 2.72 million a year ago. Net loss was USD 0.8965 million compared to USD 0.6125 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to USD 0.05 a year ago. Basic loss per share was USD 0.14 compared to USD 0.22 a year ago. Diluted loss per share was USD 0.14 compared to USD 0.22 a year ago.
For the six months, sales was USD 5.76 million compared to USD 4.74 million a year ago. Net loss was USD 2.11 million compared to USD 0.8758 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.33 compared to USD 0.1 a year ago. Basic loss per share was USD 0.33 compared to USD 0.31 a year ago. Diluted loss per share was USD 0.33 compared to USD 0.31 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. 
