QualityStocks would like to highlight Applied DNA Sciences (OTCBB: APDN). The company sells patent-protected DNA security solutions to protect products, brands, and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used to authenticate products in a unique manner that essentially cannot be copied, and provide a forensic chain of evidence that can be used to prosecute perpetrators.
In the company’s news yesterday, Applied DNA Sciences announced its financial results for the fiscal first quarter ended December 31, 2011.
The company reported revenues of $516,904 for the quarter ended December 31, 2011, compared to revenues of $317,817 reported for the comparable quarter ended December 31, 2010.
The company attributes the 63 percent increase in revenues to sales of its SigNature DNA and BioMaterial GenoTyping products. It also notes a 40 percent increase in its customer base for 2011.
First-quarter revenues for the fiscal year represent an 84 percent increase compared to revenues of $280, 678 reported for the fourth quarter ended September 30, 2011.
Applied DNA reported an increase in research and development expenses to $78,473 for the fiscal first quarter, compared to $20,706 for the comparable three months ended December 31, 2010.
Total operating expenses increased to $2.3 million for the three months ended December 31, 2011, compared to $1.4 million reported for the three months ended December 31, 2010.
Net loss for the three months ended December 31, 2011, increased to $2.4 million, compared to a net loss of $1.3 million comparable three months ended December 31, 2010.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.net
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
