Applied DNA Reports 2020 Fiscal First Quarter Financial Results

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Go back to Applied DNA Reports 2020 Fiscal First Quarter Financial Results

Applied DNA Sciences (APDN) Tops Q1 EPS by 12c

February 6, 2020 4:22 PM EST

Applied DNA Sciences (NASDAQ: APDN) reported Q1 EPS of ($1.12), $0.12 better than the analyst estimate of ($1.24). Revenue for the quarter came in at $634 thousand versus the consensus estimate of $750 thousand.

During our fiscal first quarter, we made meaningful progress on our strategic priorities for fiscal 2020 to position the company for long-term growth while raising capital to support our growth strategy. Our revenue performance reflects a difficult comparison to the year-ago period, which included revenue related to a Department of Defense contract since completed, as well as our historical revenue pattern that troughs in... More