Scientific Industries (OTCMKTS:SCND) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Scientific Industries (OTCMKTS:SCND) announced its quarterly earnings data on Friday. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.14, Zacks reports. The business had revenue of $1.23 million for the quarter, compared to analyst estimates of $2.20 million. Scientific Industries had a negative net margin of 13.83% and a negative return on equity of 61.19%.

Scientific Industries Stock Performance

SCND remained flat at $0.75 during mid-day trading on Friday. The stock’s fifty day simple moving average is $0.71 and its 200-day simple moving average is $0.65. The stock has a market cap of $8.95 million, a price-to-earnings ratio of -5.77 and a beta of 0.32. Scientific Industries has a fifty-two week low of $0.30 and a fifty-two week high of $0.98.

About Scientific Industries

Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.

Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.