Scientific Industries Q2 revenue rises 36% to $1.47 million; gross margin expands 7.5 percentage points to 42.3% - SCND News | RalliesScientific Industries Q2 revenue rises 36% to $1.47 million; gross margin expands 7.5 percentage points to 42.3%
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SCND• Q2 revenue and margins improve
- Scientific Industries posted Q2 revenue of $1,470,400, up 36% year over year.
- Gross margin widened 7.5 percentage points to 42.3% on higher-margin DOTS product line mix in Bioprocessing Systems.
- General and administrative expense fell 25.6% to $553,900 on lower employee-related costs tied to a Bioprocessing Systems reduction in force.
- Selling expense dropped 16.4% to $647,100 on cost-savings moves, including reduced salesforce and marketing activity in Bioprocessing Systems.
- R&D expense rose 2.6% to $694,500 on higher spending for new VIVID pill counter products; other income climbed to $39,000 on higher interest income.
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