Mississauga, ON -- (SBWIRE) -- 12/09/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Applied DNA Sciences reports Weak Fourth Quarter & Full Year Results."
Companies mentioned in this article include Applied DNA Sciences Inc (NASDAQ:APDN).
Applied DNA Sciences Inc (NASDAQ:APDN) recently reported its fourth quarter and full year results. The company announced its fourth quarter revenue at $1.6 million, down 59% from $4 million which it had reported for the fourth quarter of the previous year. While fourth quarter showed 151% improvement over its third quarter revenue of $653 thousand, the steep increase was mainly due to shipments of DNA concentrates for marking cotton.
The company is likely to face challenging times ahead as the fourth quarter revenue suffered due to lower international demand. The company also saw the conclusion of two non-recurring government commercialization contracts in the fourth quarter. Applied DNA Sciences will be required to source for new business opportunities to generate steady revenue streams going forward.
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