Scientific Industries Inc (PK) (SCND)

Business Model Pivot: The company has shifted its focus to prioritize two data-driven business platforms aimed at "digitally simplifying science".

Capital Infusion: Scientific Industries recently completed a strategic refocus and secured $10 million in proceeds intended to accelerate the growth of these new technology platforms.

Legacy Foundation: The company continues to maintain its "Genie®" brand, which provides a consistent, albeit mature, revenue base of laboratory equipment used in life science research.

SCND is NOT a "low-tech" company — it's actually pivoting to higher-tech bioprocessing and pharmacy automation (DOTS sensor platform + VIVID pill counter), sold its low-tech Genie vortex division for $10M in August 2025, and has $5.65M cash. BUT it's still a MICROCAP OTC stock with $1.23M revenue, massive losses (-$1.59M Q1), and only 14 employees. The chart looks like it could grow, but this is still a HIGH-RISK speculative microcap, not a "safe buy."

SCND is the kind of stock that can surprise people, but it is also the kind of stock that can sit dormant for years. The key question is whether it is a genuine turnaround or just a very small company with an interesting story.

The news timeline IMPROVES the analysis significantly: SCND has been consistently reporting results, executing strategic pivots, raising capital, and launching new products for over a decade. The company is NOT a "fly-by-night" OTC gamble — it's a legitimately operating life science tech company with a clear strategy (DOTS + VIVID), $10M in cash from the Genie sale, and consistent quarterly reporting. BUT it's still a microcap OTC with NO liquidity and massive losses.

Yeah. That comment of mine was off the mark. The earnings in the quarter was really three things. It was higher catalyst sales, benchtop sales, and GM. Catalyst sales were a result of filling the backlog that was there. Catalyst sales have always been very lumpy but were the largest reason for the top line increase. The benchtop sales were what I mentioned. The third factor was GM. GM has been low in some of the recent quarters especially in the June and September 2014 quarters. It looks like that is now rectified. I haven't had a chance to investigate why GM was lower in those prior quarters.

Thanks for the indepth analysis, Mike. I largely agree with all your assumptions except that the $300K in Benchtop sales was " the reason for the higher earnings in Q4". Those sales weren't all pure profit, plus Q4 revenues were up almost $1M year-over-year...far greater than $300K.

The last four quarters have shown ($.11), ($.09), $.01, $.20
I like that trend, setting up at least two quarters of easy comps. Plus management's bullishness is encouraging. I'll continue to add around $3/share.

Once again, thanks for your input.

SCND is somewhat interesting. Here is what I have so far.

The Catalyst Research backlog is impressive at $2,570,400. However, 90% of that backlog is for one large Chinese order and likely isn't sustainable. The backlog figures out to $642,600 on average per quarter for each of the next four quarters. Obviously, it will not be recognized equally in each quarter.

In fiscal 2015 they had $2,315,900 in revenue for the Catalyst Research division. Backlog going into fiscal 2015 was $453,000. Given the above, I'm going to estimate Catalyst Research revenue in fiscal 2016 of $4.4M.

The Benchtop sales are a bit hard to figure. In the fiscal Q3'15 10-Q they indicated that they had an unusual backlog of $300K in this segment. They further added color stating: " Although typically there is no significant backlog of orders for the Benchtop Laboratory Equipment Operations, due to production delays and increased number of orders during the period, the Company had a backlog of such products of approximately $300,000 as of March 31, 2015, all of which has been fulfilled as of the date of this report." This is the reason for the higher earnings in Q4 and also I'm sure one reason why they didn't break out Q4 results. Benchtop sales have been a bit higher in each of the last two quarters. They seem unusually high so I'm going to stick with repeating $5.4M as they did in 2015. One important thing to note is that 2015 Benchtop Revenue was higher because of an acquisition.

Given the above, I'm going to go with the following model for fiscal 2016:

Benchtop Revenue = $5.4M
Catalyst Research Revenue = $4.4M
Bio-processing Systems Revenue = $0.15M

Total Revenue = $9.815M
GM = 40%
Op. Ex. = $3.4M
Tax rate = 24% (what they paid when they were profitable in 2013)
Share count = 1.48M
Diluted EPS = $0.27/share

GM is a pretty big variable in the above equation. It is possible that GM is as high as say 43% or maybe as low as 38% which could have a substantial impact on my estimate. Also, I'm not sure how the higher mix of Catalyst Research Revenue will impact GM.

Also, if they can keep benchtop sales at $1.5M/quarter, there is some upside there.

I have no idea on the timing of the Catalyst Backlog. It could be back end loaded or front end loaded for the year.

No Position.

Thoughts?

Hey Mike, do you have an updated opinion on SCND? TIA

test

I'm not holding any SCND right now.

SCND 8k Scientific Industries Declares a Cash Dividend

September 22, 2010 - Scientific Industries, Inc. (OTCBB: SCND), reported on Tuesday, September 21, 2010 that its Board of Directors declared a cash dividend of $.09 per share of Common Stock payable on December 15, 2010 to holders of record as of the close of business on October 18, 2010.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(R) Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."

Scientific Industries Reports Results for Periods Ended December 31, 2009
On Tuesday February 16, 2010, 9:33 am

BOHEMIA, N.Y., Feb. 16, 2010 (GLOBE NEWSWIRE) -- Scientific Industries Inc. (OTCBB:SCND - News) reported increases in net income and net sales for both the three and six month periods ended December 31, 2009 compared with those of the same periods of the prior fiscal year. Net income increased by $39,300 to $159,300 ($.13 per basic share) from $120,000 ($.10 per basic share) for the three month periods and by $161,000 to $202,800 ($.17 per basic share) from $41,800 ($.04 per basic share) for the six month periods. Net sales increased by $72,400 (4.1%) to $1,827,500 for the three month comparative periods and by $344,100 (12.6%) to $3,071,500 for the six month comparative periods.

The increases in the Company's net income for the second quarter compared to the prior year's same quarter was principally due to increased sales and gross margins generated by the Benchtop Laboratory Equipment Operations, while the increase in the net income for the current six month period compared to the prior year's same period was primarily due to increased sales and gross margins of the Benchtop Laboratory Equipment Operations and the Catalyst Research Instruments Operations' higher sales and gross margins and a reduction in operating expenses. As of December 31, 2009, the order backlog for catalyst research instruments was $1.2 million, substantially all of which is expected to be shipped by end of fiscal year 2010.

Ms. Helena R. Santos, CEO, stated that she was pleased that despite the general economic downturn during the year, the Company has been able to continue to improve its revenues, and especially its profits. She remained hopeful for the last half of fiscal year 2010 noting the results obtained by the recent expansion of the sales staff of the Benchtop Laboratory Equipment Operations and the significant order backlog of the Catalyst Research Operations.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(R)2 Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-K."

Contact:

Scientific Industries Inc.
Helena R. Santos, CEO
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

Excellent report!

SCND reports $.13 vs $.10, sales up 4%


for the 12/09 quarter.

Scientific Industries Announces Change in Date of Payment of Cash Dividend
On 12:15 pm EST, Monday November 2, 2009

BOHEMIA, N.Y., Nov. 2, 2009 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTCBB:SCND - News) announced that to comply with applicable legal requirements, the date for payment of its previously announced cash dividend of $.06 per share to holders of record of its Common Stock as of October 23, 2009 has been changed to December 21, 2009 rather than January 11, 2010.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(R) 2 Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."

Contact:
Scientific Industries, Inc.
Helena Santos888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

Nice!

SCND PRs new Orbital-Genie


(PR Wires) PRW: Scientific Industries Launches the Orbital-Genie

Scientific Industries Launches the Orbital-Genie
BOHEMIA, N.Y., Oct. 19, 2009 (GLOBE NEWSWIRE) -- Scientific Industries Inc.
(OTCBB:SCND), a leader in the design and production of shakers and vortex
mixers, including the world-renowned Vortex-Genie, today announced the
market launch of the new Orbital-Genie(TM). The Orbital-Genie is a heavy
duty, large capacity orbital shaker designed to shake and mix, using an
orbital motion, a variety of laboratory vessels such as flasks, bottles, and
beakers.
The new product is available in three different versions depending on the
preferred vessel platform and offers an extensive array of accessories. Each
version is fully programmable including speed and time and is ideal for a
variety of shaking and mixing applications in research laboratories. The
marketing of the Orbital-Genie is under the direction of the Company's new
sales manager and is being made available nationally and internationally
through the Company's extensive network of laboratory equipment
distributors.
About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of
laboratory equipment, including the world-renowned Vortex-Genie(R) Mixer,
and produces and sells customized catalyst research instruments. Scientific
Industries' products are generally used for research purposes in
laboratories of universities, hospitals, pharmaceutical companies, chemical
companies, and medical device manufacturers.
"Statements made in this press release that relate to future events,
performance or financial results of the Company are forward-looking
statements which involve uncertainties that could cause actual events,
performance or results to materially differ. The Company undertakes no
obligation to update any of these statements. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only
as to the date hereof. Accordingly, any forward-looking statement should be
read in conjunction with the additional information about risks and
uncertainties set forth in the Company's Securities and Exchange Commission
reports, including our annual report on Form 10-K."
The Scientific Industries logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=715
-0-
CONTACT: Scientific Industries Inc.
Helena Santos
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

Scientific Industries Declares a Cash Dividend
Friday, September 18 2009 - 11:49

BOHEMIA, N.Y., Sept. 18, 2009 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTCBB:SCND) reported on Thursday, September 17, 2009 that its Board of Directors declared a cash dividend of $.06 per share of Common Stock payable on January 11, 2010 to holders of record as of the close of business on October 23, 2009.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(R) 2 Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."

CONTACT: Scientific Industries
Helena Santos
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

Scientific Industries Reports Earnings for Quarter and Nine Months
May 18, 2009 9:09:00 AM
2009 GlobeNewswire, Inc.


Email Story Discuss on ZenoBank

View Additional ProfilesBOHEMIA, N.Y., May 18, 2009 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTCBB:SCND) reported for the three and nine month periods ended March 31, 2009 net income of $57,000 ($.05 per basic share) and $98,700 ($.08 per basic share), respectively, on net sales of $1,423,700 and $4,151,000, respectively. For the three and nine month periods ended March 31, 2008 net income was $49,300 ($.048 per basic share) and $292,200 ($.25 per basic share) on net sales of $1,381,800 and $4,727,700, respectively.

The $7,700 (16%) increase in net income for the three month comparative periods was due mainly to higher profits derived by the benchtop laboratory equipment operation. The $193,500 (66%) reduction in the net income for the nine month comparative periods was due primarily to the loss incurred by the Company's catalyst research instrument operation in the current period.

Ms. Helena R. Santos, the Company's Chief Executive Officer, stated that while the results, particularly for the catalyst research instruments operation, reflect current general economic conditions, the Company has an overall strong financial position, and believes to have the ability to generate sufficient profits to sustain it through this economic downturn.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."

CONTACT: Scientific Industries, Inc.
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

They reported EPS of $0.05 for Q3 ending March 31, 2009.

Note that the post I'm responding to is an old PR that was never posted to the board.

Scientific Industries Reports Earnings for Quarter and Six Months
On Tuesday February 17, 2009, 10:35 am EST

BOHEMIA, N.Y., Feb. 17, 2009 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTC BB:SCND.OB - News) reported for the three and six month periods ended December 31, 2008 net income of $120,000 ($.10 per basic share) on net sales of $1,755,100 for the three month period, and net income of $41,800 ($.04 per basic share) on net sales of $2,727,400 for the six month period. The Company had net income of $96,200 ($.08 per basic share) on net sales of $1,845,600 for the three month period ended December 31, 2007 and $242,900 ($.21 per basic share) on net sales of $3,345,900 for the 2007 six month period.

The $23,800 (25%) increase in net income for the three month comparative periods was due mainly to an increase in the sales and gross margins, and lower amount of research and development expenses for its benchtop laboratory equipment operations. The lower net income by $201,100 (83%) for the six month comparative periods was due primarily to the reduction of $584,600 of net sales of the catalyst research instruments operation.

Ms. Helena R. Santos, the Company's Chief Executive Officer, observed that while the Company remained committed to using its best efforts to continue its profitability, no representation can be made as to the adversity it may suffer from the downturn the economy is experiencing. In this respect, she noted the dependence of the Company on the availability of research grants to fund purchases of benchtop laboratory equipment by its customers, and of financing of potential customers for their purchases of customized catalyst research instruments.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

``Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB.''

Contact:
Scientific Industries, Inc.
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com

An insider purchase of 500 shares was made yesterday and was filed on a Form 4 today.

I updated the iBox.

Scientific Industries Launches a New Product
Monday November 24, 9:35 am ET


BOHEMIA, N.Y., Nov. 24, 2008 (GLOBE NEWSWIRE) -- Scientific Industries, Inc. (OTC BB:SCND.OB - News) announced today its market launch of the Incubator-Genie(r), a new addition to its line of shakers and vortex mixers, including the world-renowned Vortex-Genie. The innovative and patented design of the Incubator-Genie(r), a benchtop shaking/rotating incubator, incorporates a magnetic stainless steel platform which can be set for use as a rotator or rocker. The unit can be used with a variety of containers which are held on the platform using various magnetic clips and strips.

The new product, which is ideal for a variety of applications in research laboratories, will be offered world-wide through the Company's extensive network of laboratory equipment dealers.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715



Contact:
Scientific Industries Inc.
Helena R. Santos, CEO
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com


--------------------------------------------------------------------------------
Source: Scientific Industries

Scientific Industries Reports Results for Quarter
Monday November 17, 10:18 am ET


BOHEMIA, N.Y., Nov. 17, 2008 (GLOBE NEWSWIRE) -- Scientific Industries Inc. (OTC BB:SCND.OB - News) reported a net loss of $78,100 ($.07 per share) for the three month period ended September 30, 2008 compared to net income of $146,700 ($.13 per basic share) for the three month period ended September 30, 2007. The loss was the result of a reduction of $528,100 (35%) in net sales, primarily those of the catalyst research instruments operations; an increase in costs of materials of the benchtop laboratory equipment operations, and an increase in research and development expenses.

Net sales for the three month periods ended September 30, 2008 and September 30, 2007 were $972,300 and $1,500,400, respectively. Net sales of the catalyst research instruments operations were $85,700 for the 2008 period and $552,900 for the 2007 period, due in part to vendor-caused delays as to one large order during the quarter. As of September 30, 2008, the order backlog for catalyst research instruments was $893,000, substantially all of which we expect to ship during the current fiscal year.

Noting the order backlog and Company plans to introduce additional benchtop laboratory equipment products, Ms. Helena R. Santos, the Company's Chief Executive Officer, expressed her optimism for a turnaround to profitability during the remainder of the fiscal year.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

``Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB.''



Contact:
Scientific Industries Inc.
Helena R. Santos, CEO
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com


--------------------------------------------------------------------------------
Source: Scientific Industries

A disappointing quarter! Maybe they should suspend the dividend and buy back some stock in this market who knows how low it will drop!

I would settle for seeing more buyers of any type period :).

This stock doesn't have much liquidity and who knows what can happen in this market. They seem to be very conservative and with the high cash and BK value it shouldn't go much lower. Like most I am being pretty cautious in buys but at fire sale prices I would add (I saw someone managed to do that on a few shares of UVI today).

A year or so ago (don't recall exactly) it seemed the company was in big trouble when they lost a catalog listing which they said a major portion of sales came from but they managed to recover well from that and do a nice sized deal to expand their product line. I also like that the CEO has a very reasonable salary.

Interesting. Perhaps we will see another form 4 for a buyer.

Mike

I don't understand how this could have been done unless it wasn't an open market sale.

http://www.sec.gov/Archives/edgar/data/87802/000093967508000011/xslF345X03/primary_doc.xml

Scientific Industries Reports Increased Earnings for Fiscal 2008 and a Cash Dividend
Tuesday September 30, 9:16 am ET


BOHEMIA, N.Y., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Scientific Industries Inc. (OTC BB:SCND.OB - News) reported on Monday, September 29, 2008, that for the year ended June 30, 2008 net income was $391,500 ($0.34 per basic share), an increase of $79,500 (25.5%), and net sales were $6,669,400, an increase of $1,789,000 (36.7%) as compared with results for the year ended June 30, 2007. For fiscal 2007, net income was $312,000 ($0.29 per basic share) on net sales of $4,880,000.

The addition since November 30, 2006, the date it was acquired, of the new catalyst research instruments operations, which incurred a loss in fiscal 2007, was responsible for the increase in net income and, along with a 6% increase in net sales of its benchtop laboratory equipment, for the increased net sales.

The Company's Board of Directors declared a cash dividend of $.08 per share of Common Stock payable on January 16, 2009 to holders of record as of the close of business on October 27, 2008.

Ms. Helena R. Santos, President and Chief Executive Officer, stated that while the results for the first quarter of the current fiscal year have been adversely affected primarily by supplier-caused delays in the fulfillment of some of its research instrument orders and despite current economic challenges, she remains optimistic about the results for the full fiscal year. In this respect she noted that order backlog as of June 30, 2008 was approximately $771,000.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=715

``Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB.''



Contact:
Scientific Industries, Inc.
Helena Santos
888-850-6208


--------------------------------------------------------------------------------
Source: Scientific Industries

Scientific Industries Expands Its Vortex-Genie Product Line
Friday July 18, 9:12 am ET


BOHEMIA, N.Y., July 18, 2008 (PRIME NEWSWIRE) -- Scientific Industries, Inc. (OTC BB:SCND.OB - News), a leader in the design and production of shakers and vortex mixers, including the world-renowned Vortex-Genie, today announced the market launch of the Multi Vortex-Genie(r). The Multi Vortex-Genie is a heavy duty, large capacity multi-vessel vortex mixer designed to shake and vortex a variety of tubes, cylinders, flasks and beakers.

The new product incorporates digital control and display of speed and time for reproducibility and accuracy, with true speed display capable of a variety of applications in research laboratories, wherever protocols call for shaking, mixing, or vortexing. The Multi Vortex-Genie is being marketed primarily through the Company's extensive network of laboratory equipment dealers all over the world.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=715



Contact:
Scientific Industries, Inc.
Helena Santos
888-850-6208


--------------------------------------------------------------------------------
Source: Scientific Industries

So anyone want to bet the one director sold again today? I've noticed it seems as soon as awards are granted they sell irrespective of price.

I want to add more but unfortunately I didn't have a bid in today.

Scientific Industries Reports Increases of Net Income and Sales
Monday May 19, 7:00 am ET


BOHEMIA, N.Y., May 19, 2008 (PRIME NEWSWIRE) -- Scientific Industries Inc. (OTC BB:SCND.OB - News) reported net income of $292,200 ($.25 per basic share) and $49,300 ($.04 per basic share), respectively, for the nine and three month periods ended March 31, 2008, representing, respectively, increases of $103,700 (55%) and $7,500 (18%) from the net income of $188,500 ($.18 per basic share) and $41,800 ($.04 per basic share), respectively, for the comparative nine and three month periods ended March 31, 2007.

Net sales for the nine and three months periods ended March 31, 2008 increased by $1,320,500 (39%) to $4,727,700 and $40,800 (3%) to $1,381,800, respectively, as compared to $3,407,200 and $1,341,000, respectively, for the nine and three month periods ended March 31, 2007.

The increases in net income are attributable to the profit of the Company's catalyst research instrument operation which was acquired on November 30, 2006 and included in operating results since that date, partially offset by a reduction in the profit of the benchtop laboratory equipment for the comparative periods. The new operation operated at a loss during the prior year comparative periods.

Ms. Helena R. Santos, the Company's Chief Executive Officer, stated that the Company remains optimistic as to the Company's prospects for the immediate future. In this respect, she noted both the Company's plans to introduce additional benchtop laboratory products, at least one by September 30, 2008, and the order backlog as of March 31, 2008 of approximately $1,275,000 for its catalyst research instruments, substantially all of which is scheduled for shipment prior to or shortly after the end of the current fiscal year.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=715

``Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB.''



Contact:
Scientific Industries Inc.
Helena Santos
888-850-6208


--------------------------------------------------------------------------------
Source: Scientific Industries

I agree with your SCND analysis on next quarter with the exception that I think your numbers are the low end of what I expect. The reason that I think there is significant upside are:

1. I calculated revenue would be a minimum of $2.06M. That is assuming that they only deliver on the catalyst backlog and don't deliver any new catalyst revenue. I don't know what their manufacturing capacity is but I think there is significant upside potential for catalyst.

2. I think there is a lot of upside potential in margins. They have never had a quarter with revenue as high as Q4. I used a conservative GM of 38%. I think that number could go as high as 42% but it is also important to keep in mind that catalyst margins aren't as good as benchtop.

I would give an EPS estimate of $0.15-$0.20. That will make SCND look cheap at $3.40. I added tripled my tiny holdings this morning. That still leaves it as a small holding for me.

Mike

Heres what happened

Cross posted. I am kind of bitter about this one but stuff happens. Next quarter should be quite good.

SCND heres what happened

"Income before income taxes increased by $4,800 (7%) from $64,800 to $69,600, for the three month comparative periods ended March 31, 2008 and March 31, 2007. The small increase reflected (i) lower profits for the benchtop laboratory operations due to increased raw materials and research and development costs, and (ii) the loss incurred by the catalyst research instruments operations due to an inability to complete orders because of vendor-caused delays in delivery of a large order

Sounds like they will fill alot of that next Q based on this

"As of March 31, 2008, there was an order backlog of $1,275,000 for catalyst research instruments, of which approximately $1,035,000 is scheduled to be fulfilled in the fourth quarter. "

Inventories have also moved up significantly from 1.4 to 1.8 million presumably to support those sales.

Next quarter should be quite good based on that. Revs probably in the 2 million ballpark with better margins. I think I am still going to get my 50% gain but I'll have to wait 3 months which was not what I wanted.

Off the top of my head assuming they don't have some excuse about orders being delayed due to meteor showers, or a stampede of unicorns I am figuring something like

Revs 2,000,000
Gross 790,000
SGA 400,000
R&D 100,000
Pre-tax 290,000
Net 180,000

EPS .15

That should be safe anyway. Might be worth remembering for 3 months hence.

Put an order in 2 days ago to buy this. Only got a small patial fill. Boy am I happy about that today. What happened?

I am figuring them for something in the ballpark of .20 this quarter. Its interesting to note that anytime they have had an R&D spike as they did last Q it has always been followed by a drop to more normal levels (at least over the last 20 quarters).

I think you may see and R&D expense drop of .03/share pre-tax and I think catalyst is likely to have a whopper of a Q with that surge in backlog this quarter. Not clear on where "training" expenses fit in this quarter but if that goes away or drops it could help as well. Margin pressure is a wildcard.

This is a small position given the liquidity but I give it a 50/50 of doubling on this upcoming report.

A decent amount of Form 4 activity has happened in the past few months. I don't think it means much, however. Some of it was incentive options. The quantity of options was relatively small. Also, there was one open market buy and one open market sell.

Mike

Scientific Industries Reports Increased Earnings
Friday February 15, 7:00 am ET


BOHEMIA, N.Y., Feb. 15, 2008 (PRIME NEWSWIRE) -- Scientific Industries Inc. (OTC BB:SCND.OB - News) reported yesterday net income of $242,900 ($.21 per basic share) and $96,200 ($.08 per basic share), respectively, for the six and three month periods ended December 31, 2007, representing, respectively, increases of $96,200 (66%) and $27,100 (39%) from the net income of $146,700 ($.14 per basic share) and $69,100 ($.07 per basic share) for the comparative six and three month periods ended December 31, 2006.

Net sales for the six and three months periods ended December 31, 2007 were $3,345,900 and $1,845,600, representing, respectively, increases of $1,279,700 (62%) and $582,300 (46%) from the net sales of $2,066,200 and $1,263,300, respectively for the six and three month periods ended December 31, 2006.

The increases in net income and net sales were primarily due to the contribution made by the Company's customized catalyst research instrument operations acquired on November 30, 2006, and to a lesser extent, higher revenues of the Company's benchtop laboratory equipment operations, which however experienced higher raw material costs for the periods.

Ms. Helena R. Santos, the Company's Chief Executive Officer, stated that the Company is pleased with the catalyst research instruments operation addition and is hopeful for its continued favorable contribution, noting that as of December 31, 2007, it had an order backlog of approximately $1,600,000.

About Scientific Industries

Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie(r) 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries' products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.

The Scientific Industries logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=715

``Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB.''



Contact:
Scientific Industries, Inc.
Helena Santos
888-850-6208
Fax: 631-567-5896
info@scientificindustries.com
www.scientificindustries.com


--------------------------------------------------------------------------------
Source: Scientific Industries

Yikes just got a forgotten 7 cents per sahe for the 2000 sold in Oct-Nov for $ 140!!!!!!!!!!!!!

Forgot I actually sold for less than current desperate grab:

10/11/2007 11:49:07 Bought 2000 SCND @ 3.38 -6,765.00 ---
10/29/2007 09:48:15 Sold 1000 SCND @ 3.51 3,504.94 ---
11/01/2007 14:44:02 Bought 1000 SCND @ 3.41 -3,415.00 ---
11/14/2007 11:38:50 Sold 1000 SCND @ 3.69 3,684.94 ---
11/14/2007 15:36:57 Sold 1000 SCND @ 3.66 3,654.94 ---
01/09/2008 14:25:09 Bought 800 SCND @ 3.67 -2,941.00 ---


Page:

My take on SCND is that it is a good defensive value "bunker" stock......However they have no catalyst to propel a dynamic forceful move above $5 unless they bunk into an unachiever who works in their lab and stumbles on an idea armed with hopeful notion that they if they use their knowledge of industry to rapidly custom design some unique products with legs , they can distant their two better capitalized larger rivals by eons,lol.

I am eligible to recieve shareholders information.

Brave.....BRIG

An assistant moderator, gilead23, has just been added. Thanks gilead23 for joining.

Mike

The iBox is now completed. Feel free to ask questions or add any DD!

Mike

Scientific Industries Reports Significant Increase of Quarterly Earnings

Scientific Industries Inc. (OTCBB-SCND), November 15, 2007 - Scientific Industries Inc., reported yesterday net income of $146,700 ($.13 per basic share) for the three months ended September 30, 2007, which was 89% ($69,100) greater than the net income of $77,600 ($.08 per basic share) for the comparable period of the prior year. Net sales for the Fiscal 2008 first quarter were $1,500,400, an increase of $697,500 (87%) from the net sales of $802,900 for the Fiscal 2007 first quarter.

Contributing to the increased net income and net sales were the sales and profit of the customized catalyst research instrument operations acquired on November 30, 2006, an increase in the sales of the Company’s benchtop laboratory equipment operations and a reduction in the operating expenses of that segment.

Ms. Helena R. Santos, President and Chief Executive Officer of the Company, stated that while management was pleased with the first quarter’s operating results, it remains dedicated to having the Company expand the efforts to maintain and possibly improve such favorable results, although no assurance can be given.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie 2 Mixer, and since November 2006 produces and sells customized catalyst research instruments. Scientific Industries’ products are generally used for research purposes in laboratories of universities, hospitals, pharmaceutical companies, chemical companies, and medical device manufacturers.
“Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company’s Securities and Exchange Commission reports, including our annual report on Form 10-KSB.”

Mike

Scientific Industries Reports Earnings for Fiscal 2007 and a Cash Dividend

Scientific Industries Inc. (OTCBB-SCND), October 1, 2007 - Scientific Industries Inc. reported on Friday, September 28, 2007 net income of $312,000 ($0.29 per basic share) on net sales of $4,880,000 for the year ended June 30, 2007. As previously reported, the Board of Directors of the Company declared a cash dividend of $.07 per share of Common Stock payable on January 14, 2008 to holders of record as of the close of business on October 18, 2007. For the year ended June 30, 2006, net income was $321,700 ($0.32 per basic share) on net sales of $3,465,200.

The Company’s net income for fiscal 2007 was negatively impacted by the results of its new catalyst research instruments operations acquired on November 30, 2006, which included acquisition-related adjustments. However, the Company’s earnings benefited from higher profits derived from its benchtop laboratory equipment operations.

The Company’s substantial increase in net sales (41%) was the result of (i) the addition of the new catalyst research instruments operations, and (ii) a 3% increase in net sales of its benchtop laboratory equipment, despite the loss at the end of fiscal 2006 of its then largest customer. The improvement related to benchtop laboratory equipment was mainly attributable to increased sales to other distributors and direct sales to end users of its products.

Ms. Helena R. Santos, President and Chief Executive Officer, stated that the Company and its management are dedicated to the successful integration of the newly acquired catalyst research instruments operation and the continuing expansion of its benchtop laboratory equipment marketing efforts.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie 2 Mixer. Scientific Industries’ products are generally used for research purposes in laboratories of universities, hospitals, clinics, pharmaceutical companies, and medical device manufacturers.

“Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company’s Securities and Exchange Commission reports, including our annual report on Form 10-KSB.”

Mike

Scientific Industries Reports Earnings For Third Quarter and Nine Months

Scientific Industries Inc. (OTCBB-SCND), May 16, 2007 - Scientific Industries Inc., reported yesterday net income of $188,500 ($0.18 per basic share) on net sales of $3,407,200 for the nine months ended March 31, 2007 and $41,800 ($0.04 per basic share) on net sales of $1,341,000 for the three months ended March 31, 2007. For the comparable periods ended March 31, 2006, net income was $288,800 ($0.29 per basic share) on net sales of $2,737,500 and $102,200 ($0.10 per basic share) on net sales of $919,400.

The substantial increase in net sales was derived from the Company’s new catalyst research instruments operations, the result of the acquisition of Altamira Instruments, Inc. on November 30, 2006. The Company was also successful in producing a small increase, for the quarter ended March 31, 2007, of laboratory equipment sales in face of the discontinuance, in May 2006, of purchases by its former major distributor and customer. The latter achievement resulted from increased sales to other distributors and directly to customers.

The net income for the 2007 periods was impacted by acquisition adjustments, which resulted in a portion of the gross profits ($171,000 for the nine months and $65,000 for the three months) of the catalyst research instruments operations derived from post-acquisition sales being allocated to the pre-acquisition period.

Ms. Helena R. Santos, President and Chief Executive Officer, stated that the new operation is a meaningful step in the Company’s efforts to diversify and that management is hopeful that the diversified operations will result in increased earnings and shareholder values.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie 2 Mixer. Scientific Industries’ products are generally used for research purposes in laboratories of universities, hospitals, clinics, pharmaceutical companies, and medical device manufacturers.

“Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company’s Securities and Exchange Commission reports, including our annual report on Form 10-KSB.”

Mike

Scientific Industries Reports Earnings For Second Quarter and Six Months

Scientific Industries Inc. (OTCBB-SCND), February 21, 2007 - Scientific Industries Inc., reported yesterday net income of $146,700 ($0.14 per basic share) on net sales of $2,066,200 and $69,100 ($0.7 per basic share) on net sales of $1,263,300 for the six months and three months ended December 31, 2006, respectively. For the six and three month periods ended December 31, 2005, net income was $186,600 ($0.19 per basic share) and $89,700 ($0.09 per basic share), respectively, on net sales of $1,818,100 and $928,100, respectively.

The results for the current year reflect the addition as of November 30, 2006 of the custom-made catalyst research instrument operations as a result of the Company’s acquisition on that date of the outstanding capital stock of Altamira Instruments Inc., and the loss of sales to the Company’s former major distributor for laboratory equipment products, partially offset by an increase of sales to other distributors and directly to end users.

The three and six month periods ended December 31, 2006 reflect a downward adjustment to gross profits because while revenues for the catalyst research instrument operations have been reported post acquisition, a significant portion of the gross profit has been attributed to the period prior to acquisition.
Ms. Helena R. Santos, President and Chief Executive Officer, expressed her confidence in the success of the newly acquired operations and the Company’s laboratory equipment marketing efforts, which to date have resulted in the recouping of a significant portion of the sales lost from its previous major customer.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie 2 Mixer. Scientific Industries’ products are generally used for research purposes in laboratories of universities, hospitals, clinics, pharmaceutical companies, and medical device manufacturers.

“Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company’s Securities and Exchange Commission reports, including our annual report on Form 10-KSB.”

Mike

Scientific Industries, Inc.
70 Orville Drive
Bohemia, New York 11716 USA

FOR IMMEDIATE RELEASE (Bohemia, NY, December 4, 2006)
Scientific Industries, Inc. Acquires Catalyst Research Instruments Producer

Bohemia, New York, December 4, 2006 – Scientific Industries Inc., (the “Company”) has acquired Altamira Instruments, Inc., a privately held global producer and distributor of custom quality catalyst research instruments.

The purchase price consisted of $400,000 in cash, 125,000 shares of the Company’s common stock and future contingent cash payments based on net sales of the acquiree. As part of the transaction, Altamira entered into a long-term employment agreement with its Director of Sales and Marketing.

Altamira’s net sales were $881,469 for the six months ended June 30, 2006 and $1,365,712 for its year ended December 31, 2005.

Helena R. Santos, President and Chief Executive Officer of Scientific Industries, noted: “Altamira’s quality research products represent an important product line diversification with substantial growth potential” which, she expects, will be accretive to the Company’s earnings.

About Scientific Industries
Scientific Industries designs, manufactures, and markets a variety of laboratory equipment, including the world-renowned Vortex-Genie 2 Mixer. Scientific Industries’ products are generally used for research purposes in laboratories of universities, hospitals, clinics, pharmaceutical companies, and medical device manufacturers.

“Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company’s Securities and Exchange Commission reports, including our annual report on Form 10-KSB.”

I purchased some shares of SCND today at $3.65. I'm working on the iBox now. I'll make a post when it is completed.

Mike