Latest Scientific Inds Inc (SCND) Headlines Sci
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Posted On: 03/11/2014 7:09:03 AM
Latest Scientific Inds Inc (SCND) Headlines
Scientific Industries Announces Acquisition of Balance and Digital Scale Business
GlobeNewswire - Thu Feb 27, 8:53AM CST
Scientific Industries Inc. (OTCBB:SCND), (the "Company") announced that it has acquired from Fulcrum Inc., (the "Seller") its laboratory and pharmacy balance and digital scale business and related assets through an Asset Purchase Agreement with the seller and its principal stockholders, including its Chief Operating Officer. The acquisition consideration consists of 126,449 shares of the Company's Common Stock and cash of $430,000, plus additional amounts to be paid based on percentages ranging from 8% to 11% of the net sales by the Company of the products for the periods ending June 30, 2014, June 30, 2015, June 30, 2016 and June 30, 2017. The Company also paid $270,000 pursuant to long term non-competition agreements with the principal stockholders.
Scientific Industries Reports Results for December 31, 2013
GlobeNewswire - Fri Feb 14, 9:34AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $135,100 ($.10 per basic share) on net sales of $1,747,800, for the three months ended December 31, 2013, and net income of $137,200 ($.10 per basic share) on net sales of $3,183,900 for the six month period ended December 31, 2013.
Scientific Industries Announces Proposed Acquisition
GlobeNewswire - Mon Dec 02, 7:42AM CST
Scientific Industries Inc., (OTCBB:SCND) (the "Company") announced that an agreement in principle has been reached with Fulcrum Inc., a privately held company, to acquire its laboratory and pharmacy balance and digital scale business, including the Torbal DRX3 mechanical scale. The purchase is subject to the execution of a Purchase Agreement which is to provide for a consideration of cash, shares of Common Stock of the Company, and commissions on future sales of the products through the year ending June 30, 2017. Scientific estimates that the total purchase consideration value will be approximately $1,700,000.
Scientific Industries Reports Results for First Quarter of Fiscal 2014
GlobeNewswire - Fri Nov 15, 8:00AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $2,100 ($.00 per basic share) on revenues of $1,436,100, for the three months ended September 30, 2013, as compared with a net loss of $62,200 ($.05 loss per basic share) on revenues of $1,351,700 for the three months ended September 30, 2012.
Scientific Industries Reports Improved Results for March 31, 2013
GlobeNewswire - Wed May 15, 8:00AM CDT
Scientific Industries Inc. (OTCBB:SCND) reported increases in net income and net sales for the three and nine month periods ended March 31, 2013 as compared with those for the three and nine month periods ended March 31, 2012.
Scientific Industries Reports Improved Results for December 31, 2012
GlobeNewswire - Fri Feb 15, 8:00AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $138,400 ($.10 per basic share) on net sales of $1,876,900, for the three months ended December 31, 2012, and net income of $76,200 ($.06 per basic share) on net sales of $3,228,600 for the six month period ended December 31, 2012.
Scientific Industries Announces Acquisition of Balance and Digital Scale Business
GlobeNewswire - Thu Feb 27, 8:53AM CST
Scientific Industries Inc. (OTCBB:SCND), (the "Company") announced that it has acquired from Fulcrum Inc., (the "Seller") its laboratory and pharmacy balance and digital scale business and related assets through an Asset Purchase Agreement with the seller and its principal stockholders, including its Chief Operating Officer. The acquisition consideration consists of 126,449 shares of the Company's Common Stock and cash of $430,000, plus additional amounts to be paid based on percentages ranging from 8% to 11% of the net sales by the Company of the products for the periods ending June 30, 2014, June 30, 2015, June 30, 2016 and June 30, 2017. The Company also paid $270,000 pursuant to long term non-competition agreements with the principal stockholders.
Scientific Industries Reports Results for December 31, 2013
GlobeNewswire - Fri Feb 14, 9:34AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $135,100 ($.10 per basic share) on net sales of $1,747,800, for the three months ended December 31, 2013, and net income of $137,200 ($.10 per basic share) on net sales of $3,183,900 for the six month period ended December 31, 2013.
Scientific Industries Announces Proposed Acquisition
GlobeNewswire - Mon Dec 02, 7:42AM CST
Scientific Industries Inc., (OTCBB:SCND) (the "Company") announced that an agreement in principle has been reached with Fulcrum Inc., a privately held company, to acquire its laboratory and pharmacy balance and digital scale business, including the Torbal DRX3 mechanical scale. The purchase is subject to the execution of a Purchase Agreement which is to provide for a consideration of cash, shares of Common Stock of the Company, and commissions on future sales of the products through the year ending June 30, 2017. Scientific estimates that the total purchase consideration value will be approximately $1,700,000.
Scientific Industries Reports Results for First Quarter of Fiscal 2014
GlobeNewswire - Fri Nov 15, 8:00AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $2,100 ($.00 per basic share) on revenues of $1,436,100, for the three months ended September 30, 2013, as compared with a net loss of $62,200 ($.05 loss per basic share) on revenues of $1,351,700 for the three months ended September 30, 2012.
Scientific Industries Reports Improved Results for March 31, 2013
GlobeNewswire - Wed May 15, 8:00AM CDT
Scientific Industries Inc. (OTCBB:SCND) reported increases in net income and net sales for the three and nine month periods ended March 31, 2013 as compared with those for the three and nine month periods ended March 31, 2012.
Scientific Industries Reports Improved Results for December 31, 2012
GlobeNewswire - Fri Feb 15, 8:00AM CST
Scientific Industries Inc. (OTCBB:SCND), reported net income of $138,400 ($.10 per basic share) on net sales of $1,876,900, for the three months ended December 31, 2012, and net income of $76,200 ($.06 per basic share) on net sales of $3,228,600 for the six month period ended December 31, 2012.
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