Applied DNA Sciences (APDN) Misses Q3 EPS by 3c

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Applied DNA Sciences Reports Fiscal Third Quarter 2016 Results

August 11, 2016 4:06 PM EDT

STONY BROOK, NY -- (Marketwired) -- 08/11/16 -- Applied DNA Sciences, Inc. (NASDAQ: APDN) (Twitter: @APDN) (Applied DNA) (the Company), a provider of DNA-based supply chain, anti-counterfeiting and anti-theft technology, product genotyping and product authentication solutions, announced results for the fiscal 2016 third quarter ended June 30, 2016.

"As we become further entrenched in the cotton supply chain, and demand for our SigNature T solution aligns with the industry's seasonality that is centered on the ginning season running from September through January, the slope of demand has changed relative to last season. As a result, our third-quarter results reflect... More