Scientific Industries

SCND

Hardware, Equipment & Parts · Technology

Price

$0.80

+0.04 (+5.39%)

Market Cap

$9.6M

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Dividends

Exceptional

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Share count rising — dilution

+70.9% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 6.6M (2022) → 11.3M (2025)

Winston Score History

The full picture

Scientific Industries makes laboratory equipment used by scientists and researchers. Its most well-known product is the Vortex-Genie, a small machine that spins and mixes liquid samples in test tubes. The company sells to research labs, universities, hospitals, and pharmaceutical companies that need reliable, low-cost mixing tools.

The company earns money by selling its equipment directly and through distributors, primarily in the United States but also to international research markets. Scientific Industries is a very small company with a market cap under $10 million, and its long history with the Vortex-Genie brand gives it some name recognition in lab settings. However, its operating losses and narrow product line are significant risks — the company depends heavily on a single iconic product in a competitive market, and it would need to successfully expand its product offerings or grow international sales to meaningfully improve its financial performance.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-36.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+23.1% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$2M/ year

↓ Declining (-14% vs prior year)

49.2% of revenue

3.3x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

50.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~15 months

$5M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Revenue declining

Scientific Industries's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

42.3%

Healthy — 42.3% gross margin

Profit after running costs

Operating Margin

-86.6%

Losing money on operations — -86.6%

Return on the money invested

ROCE

-74.7%

Weak — -74.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-128.1%

Burning cash (-128.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.10

Conservative — low debt load (0.10)

Covers its interest

Interest Cover

N/A

—

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

9.99%

Healthy income — 9.99% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+64.3%

Dividend growing fast (64.3% YoY)

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