Scientific Industries Reports Financial Results for Third Quarter of Fiscal Year 2021
ACCESSWIRE
Benchtop Lab Equipment Reports Strong Revenues and Earnings
Company Continues to Invest In Its Bioprocessing Business
BOHEMIA, NY / ACCESSWIRE / May 17, 2021
/ Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, and a developer of optical sensors for non-invasive, real-time monitoring of cell culture systems through its subsidiary Scientific Bioprocessing, Inc. ( SBI ), today reported financial results for the third quarter of fiscal 2021 ended March 31, 2021.
2021 Third Quarter, Nine Months and Recent Highlights:
Net revenues were $2.5 million and $7.2 million, an increase of 17% and 16% vs. prior year.
Gross profit was $1.4 million and $3.8 million, an increase of 24% and 18% vs. prior year.
“Paul has made significant contributions to both Scintacor and Photonic Science & Engineering since joining in 2018 and we are excited to see his role expand within the Tibidabo Scientific group of companies,” said Paul Murtagh, Tibidabo Scientific Chairman and CEO. “Paul’s extensive finance and operational expertise will be critical as we push forward our expansion plans in the coming quarters.”
Tibidabo Scientific Industries is a global leader and supplier of highly differentiated technology for scientific research, aerospace, and industrial markets. We succeed by helping customers push boundaries in radiobiology, stem cell research, high performance imaging, radiation detection, surveillance, space exploration and advanced scintillators.
laboratory mixer market Growth Forecast Analysis by Manufacturers, Regions, Type and Application Growing research activity in the pharmaceutical & biotechnology industries is boosting the growth of the market.
BriefingWire.com, 5/05/2021 - Global laboratory mixer market was valued US$ 1.15 Bn in 2017 and is expected to reach US$ 1.63 Bn by 2026, at a CAGR of 4.46 % during a forecast period.
Growing research activity in the pharmaceutical & biotechnology industries is boosting the growth of the market. Emerging economies and rising industry-academia collaborations are key opportunities of the global laboratory mixer market. However, the high cost of advanced research laboratory mixers and long equipment lifecycle are limiting the growth of the market.
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BOHEMIA, N.Y. and PITTSBURGH, April 30, 2021 /PRNewswire/ Scientific Industries, Inc. (OTCQB: SCND)
today announced the appointment of Dr. Jürgen Schumacher to the Company s Board of Directors.
Dr. Jürgen Schumacher is an internationally recognized German entrepreneur with more than 35 years of expertise in the biotech industry. Dr. Schumacher co-founded Qiagen AG, one of Germany s largest biotechnology companies, NewLab Bioquality AG, which was acquired by Charles River Laboratories International Inc., BiBiTech and Algiax Pharmaceuticals. Dr. Schumacher advises and invests in promising biotech business models.
Dr. Schumacher holds a PhD in Biology from Heinrich Heine University of Düsseldorf and a Diploma in Biology from Technical University of Darmstadt.