Applied DNA Sciences Reports 44% Increase in Therapeutic DNA Segment Revenues and $3.3 Million Net Loss for Q2 Fiscal 2025

Reuters
16 May
Applied DNA Sciences Reports 44% Increase in Therapeutic DNA Segment Revenues and $3.3 Million Net Loss for Q2 Fiscal 2025

Applied DNA Sciences Inc. reported its financial results for the second quarter of fiscal 2025, ending March 31, 2025. The company's total revenues amounted to $983 thousand, a slight increase from $930 thousand in the same period of fiscal 2024. The Therapeutic DNA Production Services segment, LineaRx, reported a 44% year-over-year increase in revenues, driven by significant shipments to large-scale DNA manufacturing customers. Conversely, the MDx Testing Services segment saw a 33% decline in revenues due to reduced COVID-19 surveillance testing. The company recorded an operating loss of $3.5 million, a marginal improvement from the $3.6 million loss in the second quarter of fiscal 2024. The net loss for the quarter was $3.3 million, showing improvement from a net loss of $4.5 million in the same period of the previous year, primarily due to the absence of a loss on the issuance of warrants that occurred previously. Applied DNA highlighted recent corporate and operational updates, including the validation of its GMP Site 1 manufacturing operations, which are expected to support near-term manufacturing needs with an annual revenue capacity between $10 million and $30 million, depending on the product mix and pricing. The company also added new customers and received follow-on orders from existing ones, particularly in the Research Use Only (RUO)-grade LineaDNA products. Looking forward, the company is nearing the completion of a proprietary enzyme and buffer system aimed at enhancing LinearDNA's performance. Large-scale manufacturing of this system is expected to begin in June 2025. Additionally, Applied DNA plans to launch LineaPCR™ in the fourth quarter of 2025, allowing customers to self-manufacture LineaDNA, and LineaDNA IVT Evaluation Kits to promote the LineaIVT platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied DNA Sciences Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1028290) on May 15, 2025, and is solely responsible for the information contained therein.

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