QualityStocks would like to highlight Applied DNA Sciences (
OTCBB: APDN). Using DNA as a forensic foundation, the company assembles unique security solutions addressing the challenges of brand protection, supply chain security, item provenance, and theft. SigNature® DNA, the basis of all the company's products, is based on full, double-stranded plant DNA, with all of the stunning accuracy provided by nature.
In the company’s news,
Applied DNA Sciences, for the third quarter ended June 30, 2013, reported record quarterly revenues attributed to an increase in SigNature DNA-marking contracts.
Revenues of approximately $645,000 represent the highest quarterly revenues in the company’s history, primarily driven by eight new contracts in connection with military electronics effort. In the comparable quarter of the year prior, APDN reported revenue of $528,574.
APDN management noted that in nearing the milestone of a half-million SigNature DNA-marked electronic components in circulation, the company is in a position to capitalize on the offering of an expanded set of authentication programs in the supply chains impacted.
“This quarter, APDN signed eight contracts related to Federal Supply Class (FSC) 5962, doubling the cumulative contracts that had been signed by the previous quarter,” Dr. James A. Hayward, president and CEO of APDN, stated in the press release. “We anticipate that this trend will continue, judging from the increasing number of inquiries and companies in various stages of negotiation. Our other product markets continue to contribute to our revenues.”
Net loss for the quarter was $2.1 million as compared to a prior year third-quarter loss of $1.4 million, which the company attributes to an 84.9% increase in selling, general and administrative expenses due to higher professional fees and the relocation of the company’s corporate office. APDN’s research and development expenses also weighed earnings, up 85.1% to $184,981 as the company conducted additional research and development to expand its patent portfolio.
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.com
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.com
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.
