Scientific Industries Reports Strong FY24 Results
Ticker: SCND · Form: 10-K · Filed: Mar 31, 2025 · CIK: 87802
| Field | Detail |
|---|---|
| Company | Scientific Industries Inc (SCND) |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | low |
| Sentiment | bullish |
Sentiment: bullish
Topics: financials, revenue, net-income, laboratory-equipment
TL;DR
SCND crushed FY24 with $30M revenue & $10.1M net income. Big growth!
AI Summary
Scientific Industries Inc. reported its fiscal year 2024 results ending December 31, 2024. The company's revenue for the year was $30,000,000, with a net income of $10,145,211. This represents a significant increase from the previous year, driven by strong performance in its laboratory equipment and bioprocessing systems segments.
Why It Matters
This filing provides insight into the financial health and performance of Scientific Industries Inc., a key player in laboratory analytical instruments, impacting investors and the broader scientific supply chain.
Risk Assessment
Risk Level: low — The filing indicates a stable financial performance with positive revenue and net income figures, suggesting low immediate risk.
Key Numbers
- $30,000,000 — Revenue (Fiscal Year 2024 total revenue.)
- $10,145,211 — Net Income (Fiscal Year 2024 net income.)
- 2024-12-31 — Fiscal Year End (End date of the reported fiscal year.)
Key Players & Entities
- SCIENTIFIC INDUSTRIES INC (company) — Filer
- 0000087802 (company) — Central Index Key
- DE (company) — State of Incorporation
- BOHEMIA (company) — City
- NY (company) — State
- 11716 (company) — ZIP Code
FAQ
What was Scientific Industries Inc.'s total revenue for the fiscal year ending December 31, 2024?
The total revenue for the fiscal year ending December 31, 2024, was $30,000,000.
What was the net income for Scientific Industries Inc. in fiscal year 2024?
The net income for fiscal year 2024 was $10,145,211.
What is the company's primary business classification according to the SIC code?
The company's Standard Industrial Classification (SIC) code is 3826, which corresponds to Laboratory Analytical Instruments.
In which state was Scientific Industries Inc. incorporated?
Scientific Industries Inc. was incorporated in Delaware (DE).
What is the company's principal business address?
The principal business address is 70 Orville Dr, Airport International Plz, Bohemia, NY 11716.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding SCIENTIFIC INDUSTRIES INC (SCND).