ACCESS Newswire·Nov 13, 2026, 7:50 PM ET

Scientific Industries Reports Third Quarter Fiscal 2026 Results

Scientific Industries, Inc. (OTCQB:SCND) reported financial results for the three and nine months ended September 30, 2026.
Year-to-date net revenue increased 18.2% to $4,052,300, while third-quarter net revenue decreased 3.5% to $1,354,800.
Year-to-date operating expenses declined 11.9% to $5,987,900, reflecting cost-reduction initiatives.
Gross margins improved to 45.3% for the nine-month period from 39.8% in the prior year.
The second-generation VIVID ONE began shipping in September 2026.
Development of the VIVID WORKSTATION AI model was completed during the reporting period.
SBI advanced DOTS sensing capabilities \& is building a private bioprocess database containing over 500 experiments \& nearly one billion data points.
Total other income reflected final earn-out payments \& escrowed funds released from the Genie Division sale.
Third-quarter net income was $470,000 ($0.04 per share), compared to net income of $3,994,400 ($0.34 per share) in the prior-year quarter.
For the nine months, the Company reported a net loss of $2,353,100 ($0.20 loss per share) compared to net income of $692,200 in the prior-year period.
As of September 30, 2026, cash, cash equivalents, \& investments totaled $5,972,200, with working capital at $7,174,100.
Management highlighted a significant shift toward DOTS product lines, resulting in a 40% reduction in the segment's operating loss for the quarter.