Applied DNA Reports 2020 Year End and Fiscal Fourth Quarter Financial Results
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Applied DNA Sciences (APDN) Misses Q4 EPS by 30c, Revenues Miss
December 17, 2020 4:08 PM ESTApplied DNA Sciences (NASDAQ: APDN) reported Q4 EPS of ($0.82), $0.30 worse than the analyst estimate of ($0.52). Revenue for the quarter came in at $314 thousand versus the consensus estimate of $710 thousand.
Fiscal Fourth Quarter 2020 Financial Results:
Revenues decreased 81% for the fourth quarter of fiscal 2020 to $314 thousand, compared with $1.7 million reported in the same period of the prior fiscal year and decreased 27% from $432 thousand for the third quarter of fiscal 2020. The decrease in revenues year over year was due primarily to a decrease in product revenues of approximately $1.1 million, which was primarily from... More