Applied DNA Reports Fiscal Third Quarter 2020 Financial Results

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Go back to Applied DNA Reports Fiscal Third Quarter 2020 Financial Results

Applied DNA Sciences (APDN) Misses Q3 EPS by 5c

August 6, 2020 5:28 PM EDT

Applied DNA Sciences (NASDAQ: APDN) reported Q3 EPS of ($0.72), $0.05 worse than the analyst estimate of ($0.67).

We continued during the quarter to position the Company to serve the unmet and evolving needs for COVID-19 testing solutions and vaccine development, said Dr. James A. Hayward, president and CEO of Applied DNA Sciences. Upon the receipt of FDA Emergency Use Authorization (EUA) for our Linea COVID-19 diagnostic assay kit (for use with nasopharyngeal (NP) swab and anterior nasal swab (ANS) sample collections), we put into place the foundation of our COVID-19 diagnostics business: we established the requisite supply... More