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Scientific Industries Inc. (SCND) Reports Results for Quarter


11/17/2008 11:03:52 AM

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.

Read at GlobeNewswire


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