SCI Engineered Materials (OTCQB:SCIA) reported its Q1 2025 financial results, showing a significant revenue decline to $3.5 million from $8.4 million in Q1 2024. Net income decreased to $309,717 ($0.07 per share) compared to $545,324 ($0.12 per share) year-over-year. Despite lower revenues, the company maintained a strong financial position with $7.3 million in cash and no debt. The quarter saw the introduction of an innovative indium tin oxide product and increased interest in domestic manufacturing capabilities following global tariff announcements. Order backlog remained stable at $2.5 million. The company's gross profit declined 24% to $1.07 million, while operating expenses decreased 3% to $770,275.
SCI Engineered Materials (OTCQB:SCIA) ha comunicato i risultati finanziari del primo trimestre 2025, evidenziando un calo significativo dei ricavi a 3,5 milioni di dollari rispetto agli 8,4 milioni del primo trimestre 2024. L'utile netto 猫 sceso a 309.717 dollari (0,07 dollari per azione) rispetto a 545.324 dollari (0,12 dollari per azione) anno su anno. Nonostante i ricavi pi霉 bassi, l'azienda ha mantenuto una solida posizione finanziaria con 7,3 milioni di dollari in contanti e nessun debito. Nel trimestre 猫 stato lanciato un innovativo prodotto a ossido di indio e stagno e si 猫 registrato un aumento dell'interesse per le capacit脿 di produzione nazionale a seguito degli annunci sui dazi globali. Il portafoglio ordini 猫 rimasto stabile a 2,5 milioni di dollari. Il margine lordo dell'azienda 猫 diminuito del 24% a 1,07 milioni di dollari, mentre le spese operative sono calate del 3% a 770.275 dollari.
SCI Engineered Materials (OTCQB:SCIA) inform贸 sus resultados financieros del primer trimestre de 2025, mostrando una disminuci贸n significativa en los ingresos a 3,5 millones de d贸lares desde 8,4 millones en el primer trimestre de 2024. El ingreso neto disminuy贸 a 309.717 d贸lares (0,07 d贸lares por acci贸n) en comparaci贸n con 545.324 d贸lares (0,12 d贸lares por acci贸n) a帽o tras a帽o. A pesar de los ingresos m谩s bajos, la compa帽铆a mantuvo una posici贸n financiera s贸lida con 7,3 millones de d贸lares en efectivo y sin deuda. Durante el trimestre se present贸 un innovador producto de 贸xido de indio y esta帽o y se increment贸 el inter茅s en las capacidades de fabricaci贸n nacional tras los anuncios de aranceles globales. La cartera de pedidos se mantuvo estable en 2,5 millones de d贸lares. La ganancia bruta de la empresa disminuy贸 un 24% a 1,07 millones de d贸lares, mientras que los gastos operativos bajaron un 3% a 770.275 d贸lares.
SCI Engineered Materials (OTCQB:SCIA) a publi茅 ses r茅sultats financiers du premier trimestre 2025, r茅v茅lant une baisse significative du chiffre d'affaires 脿 3,5 millions de dollars contre 8,4 millions de dollars au premier trimestre 2024. Le b茅n茅fice net a diminu茅 脿 309 717 dollars (0,07 dollar par action) contre 545 324 dollars (0,12 dollar par action) d'une ann茅e sur l'autre. Malgr茅 des revenus en baisse, la soci茅t茅 a maintenu une solide position financi猫re avec 7,3 millions de dollars en liquidit茅s et aucune dette. Le trimestre a vu le lancement d'un produit innovant 脿 l'oxyde d'indium et d'茅tain, ainsi qu'un int茅r锚t accru pour les capacit茅s de fabrication nationales suite aux annonces tarifaires mondiales. Le carnet de commandes est rest茅 stable 脿 2,5 millions de dollars. La marge brute de l'entreprise a chut茅 de 24 % 脿 1,07 million de dollars, tandis que les frais d'exploitation ont diminu茅 de 3 % pour atteindre 770 275 dollars.
SCI Engineered Materials (OTCQB:SCIA) meldete seine Finanzergebnisse f眉r das erste Quartal 2025 und verzeichnete einen deutlichen Umsatzr眉ckgang auf 3,5 Millionen US-Dollar gegen眉ber 8,4 Millionen US-Dollar im ersten Quartal 2024. Der Nettogewinn sank auf 309.717 US-Dollar (0,07 US-Dollar pro Aktie) im Vergleich zu 545.324 US-Dollar (0,12 US-Dollar pro Aktie) im Vorjahreszeitraum. Trotz niedrigerer Ums盲tze hielt das Unternehmen eine starke Finanzlage mit 7,3 Millionen US-Dollar in bar und keiner Verschuldung aufrecht. Im Quartal wurde ein innovatives Produkt aus Indium-Zinn-Oxid eingef眉hrt, und das Interesse an inl盲ndischen Fertigungskapazit盲ten stieg nach weltweiten Zollank眉ndigungen. Der Auftragsbestand blieb stabil bei 2,5 Millionen US-Dollar. Der Bruttogewinn des Unternehmens sank um 24 % auf 1,07 Millionen US-Dollar, w盲hrend die Betriebskosten um 3 % auf 770.275 US-Dollar zur眉ckgingen.
Positive
Strong cash position with $7.3 million in cash and $3 million in marketable securities
Zero debt on balance sheet
Introduction of new indium tin oxide product
Increased interest in domestic manufacturing capabilities
9% increase in cash and marketable securities from December 2024
Reduced operating expenses by 3%
Negative
Revenue declined 58% year-over-year to $3.5 million
Net income decreased 43% to $309,717
Gross profit fell 24% to $1.07 million
EPS dropped from $0.12 to $0.07
Higher G&A expenses due to additional staff and increased costs
COLUMBUS, OH / / May 2, 2025 / SCI Engineered Materials, Inc. ("SCI" or "Company") (OTCQB:SCIA), today reported financial results for the three months ended March 31, 2025.
Jeremy Young, President and Chief Executive Officer, commented "We continued to adapt to fast-changing market conditions throughout the first three months of 2025. Our initiatives included actively managing costs and operating expenses, maintaining greater contact with client companies, adding new customers, and pursuing opportunities to increase the Company's revenue.
There were positive developments during the first quarter of 2025 that should benefit SCI's future performance. Our ongoing commitment to leveraging R&D activities led to the introduction of an indium tin oxide product, which is innovative and desired by current and potential customers seeking an alternative to current materials. Additionally, interest in the Company's capabilities to domestically manufacture products and/or provide specialized bonding services is growing and has accelerated following the announcement of global tariffs last month."
Revenue
Revenue for the three months ended March 31, 2025, was $3,500,232 compared to $8,403,095 last year. Product mix, lower raw material costs and lower volume contributed to the year-over-year decline. Order backlog was $2.5 million at March 31, 2025, and December 31, 2024, respectively.
Gross profit
Gross profit was $1,072,814 for the first quarter of 2025 versus $1,415,116 for the same period last year, a decrease of 24%. Lower raw material costs and lower volume were key factors in the year-over-year decrease.
Operating expenses
The Company's operating expenses decreased 3% to $770,275 for the first three months of 2025 from $796,848 for the same period a year ago. Lower research and development expense and a slight decrease in marketing and sales expense more than offset higher general and administrative (G&A) expense. Higher G&A expense for this year's first quarter was due to the recent addition of staff, higher professional fees, Information Technology consulting services and higher rent compared to the same period last year.
Net interest income
Net interest income increased 13% to $98,130 for the first quarter of 2025 from $87,056 for the same period a year ago due to higher cash and equivalents and investments in marketable securities compared to the first quarter of 2024.
Income taxes
Income tax expense decreased 43% to $90,952 for the three months ended March 31, 2025, from $160,000 a year ago. The Company's effective tax rate was 22.7% for the first quarter of 2025 and 2024, respectively.
Net income
Net income was $309,717 for the first three months of 2025 versus $545,324 for the same period last year. Slightly lower operating expenses for the three months ended March 31, 2025, partially offset the decrease in gross profit compared to the same period last year. Net income per diluted share was $0.07 for the first three months of 2025 compared to $0.12 last year.
Cash and cash equivalents
Cash and cash equivalents were $7,353,420 at March 31, 2025, compared to $6,753,403 at December 31, 2024, an increase of 9%. The Company's investments in marketable securities totaled $3,008,478 at the end of the first quarter of 2025 versus $2,758,478 at December 31, 2024, an increase of 9%.
Debt outstanding
Total debt outstanding was $0 at March 31, 2025, and December 31, 2024, respectively.
About SCI Engineered Materials, Inc.
SCI Engineered Materials is a global supplier and manufacturer of advanced materials for PVD thin film applications and works closely with end users and OEMs to develop innovative, customized solutions. Additional information is available at or follow SCI Engineered Materials, Inc. at:
This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Those statements include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, customer guidance, forecasts, plans of the Company and its management. These forward-looking statements involve numerous risks and uncertainties, including without limitation, other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024. One or more of these factors has affected and could affect the Company's projections in the future. Therefore, there can be no assurances that the forward-looking statements included in this press release will prove to be accurate. Due to the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other persons, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.
Contact: Robert Lentz 614-439-6006
SCI ENGINEERED MATERIALS, INC.
BALANCE SHEETS
ASSETS
MARCH 31,
DECEMBER 31,
2025
2024
(UNAUDITED)
Current Assets
Cash and cash equivalents
$
7,353,420
$
6,753,403
Investments - marketable securities, short term
509,478
509,478
Accounts receivable, less allowance for doubtful acccounts
698,668
775,288
Inventories
1,191,064
1,432,914
Prepaid purchase orders and expenses
143,022
238,834
Total current assets
9,895,652
9,709,917
Property and Equipment, at cost
9,974,822
9,904,028
Less accumulated depreciation
(7,723,048
)
(7,632,946
)
Property and equipment, net
2,251,774
2,271,082
Investments, net - marketable securities, long term
2,499,000
2,249,000
Right of use asset, net
1,195,470
1,236,572
Other assets
65,160
66,394
Total other assets
3,759,630
3,551,966
TOTAL ASSETS
$
15,907,056
$
15,532,965
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Operating lease, short term
$
184,183
$
174,863
Accounts payable
458,277
419,209
Customer deposits
538,035
337,873
Accrued expenses
314,366
532,260
Total current liabilities
1,494,861
1,464,205
Deferred tax liability
205,789
121,649
Operating lease, long term
1,011,287
1,061,709
Total liabilities
2,711,937
2,647,563
Total Shareholders' Equity
13,195,119
12,885,402
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
15,907,056
$
15,532,965
SCI ENGINEERED MATERIALS, INC.
STATEMENTS OF INCOME
(UNAUDITED)
THREE MONTHS ENDED MARCH 31,
2025
2024
Revenue
$
3,500,232
$
8,403,095
Cost of revenue
2,427,418
6,987,979
Gross profit
1,072,814
1,415,116
General and administrative expense
547,821
482,261
Research and development expense
102,267
185,235
Marketing and sales expense
120,187
129,352
Income from operations
302,539
618,268
Interest income, net
98,130
87,056
Income before provision for income taxes
400,669
705,324
Income tax expense
90,952
160,000
NET INCOME
$
309,717
$
545,324
Earnings per share - basic and diluted
Income per common share
Basic
$
0.07
$
0.12
Diluted
$
0.07
$
0.12
Weighted average shares outstanding
Basic
4,568,127
4,534,801
Diluted
4,572,491
4,567,707
SCI ENGINEERED MATERIALS, INC.
CONDENSED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024
(UNAUDITED)
2025
2024
CASH PROVIDED BY (USED IN):
Operating activities
$
933,353
$
(11,694
)
Investing activities
(333,336
)
(176,534
)
Financing activities
-
(20,439
)
NET INCREASE (DECREASE) IN CASH
600,017
(208,667
)
CASH - Beginning of period
6,753,403
5,673,994
CASH - End of period
$
7,353,420
$
5,465,327
SOURCE: SCI Engineered Materials, Inc.
View the original on ACCESS Newswire
FAQ
What was SCIA's revenue and earnings per share in Q1 2025?
SCIA reported revenue of $3.5 million and earnings per share of $0.07 in Q1 2025, compared to $8.4 million revenue and $0.12 EPS in Q1 2024.
How much cash and debt does SCI Engineered Materials (SCIA) have in Q1 2025?
As of March 31, 2025, SCIA had $7.35 million in cash and cash equivalents, plus $3 million in marketable securities, with zero debt outstanding.
What new product did SCIA introduce in Q1 2025?
SCIA introduced an innovative indium tin oxide product in Q1 2025, aimed at customers seeking alternatives to current materials.
What is SCIA's order backlog as of March 31, 2025?
SCIA's order backlog was $2.5 million as of March 31, 2025, unchanged from December 31, 2024.
How did SCIA's operating expenses change in Q1 2025?
Operating expenses decreased 3% to $770,275 in Q1 2025 from $796,848 in Q1 2024, with lower R&D and marketing expenses offset by higher G&A costs.
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