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Applied DNA Sciences: Fiscal 4Q Earnings Snapshot
Posted on Thursday December 13, 2018
The Stony Brook, New York-based company said it had a loss of 12 cents per share. The DNA-based security technology company posted revenue of $1.2 million in the period. For the year, the company reported ...
Applied DNA Announces Selected Preliminary Unaudited Fiscal 2018 Year End and Fourth Quarter Financial Results
Posted on Thursday December 13, 2018
Applied DNA Sciences, Inc. (APDN) (“Applied DNA” or the "Company"), a leader in large-scale PCR-based DNA manufacturing, announced selected preliminary unaudited financial results for the full fiscal year and quarter ended September 30, 2018. Revenues for fiscal 2018 totaled $3.9 million, a decrease of 18% from $4.8 million from the same period in the prior fiscal year. The decrease in revenues was attributable to a decrease in revenues of approximately $2.2 million in the textile industry for protecting cotton and synthetic supply chains. This decrease was offset by an increase in revenue from Contract Manufacturing of DNA for diagnostics as well as an increase from development projects, primarily those associated with partners’ pre-commercial business initiatives in legal cannabis and pharmaceuticals.
Applied DNA Sciences Inc. (APDN) (“Applied DNA,” “the Company”), a leader in large-scale PCR-based DNA manufacturing, announced today the signing of a Joint Development Agreement (the “Agreement”) with Everledger, Inc. (“Everledger”), an independent emerging technology enterprise. Under the Agreement the parties will develop and market a combined physical and digital supply chain traceability and certification solution utilizing the Company’s CertainT molecular tagging and authentication systems together with Everledger’s blockchain-based platform. The parties believe this joint solution platform is at the forefront of linking immutable digital transactions with synthetic molecular authentication to tightly track movement and chain of custody of forensically-identified goods across complex ecosystems.
Applied DNA to Participate at Cannabis Capital Forum on December 7
Posted on Thursday December 06, 2018
Applied DNA Sciences, Inc. , the leader in large-scale PCR-based DNA manufacturing, today announced that Dr. James Hayward, president & CEO, will present at the Long Island Capital Alliance’s Cannabis Capital Forum in Melville, N.Y., on Friday, December 7 at 9:00 AM ET.