Applied DNA Reports Fiscal Third Quarter 2019 Financial Results

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Go back to Applied DNA Reports Fiscal Third Quarter 2019 Financial Results

Applied DNA Sciences (APDN) Misses Q3 EPS by 2c

August 13, 2019 4:19 PM EDT

Applied DNA Sciences (NASDAQ: APDN) reported Q3 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $2.1 million versus the consensus estimate of $3.54 million.

Fiscal Third Quarter 2019 Financial Results:

Revenues increased 102% for the third quarter of fiscal 2019 to $2.1 million, compared with $1.0 million reported in the second quarter of fiscal 2018, and increased 164% from the $778 thousand reported in the second fiscal quarter ended March 31, 2019. The increase in revenues was due primarily to an increase in revenue from a licensing agreement in the cannabis industry of $1 million.Total... More