Applied DNA Announces Receipt Of Linea DNA Follow-On Order For Cancer Diagnostic Application Valued Above Mid-Six Figures; Deliveries Expected During Fiscal Quarter Ending March 31, 2024 Through Dec. 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences, Inc. has received a follow-on order for its Linea DNA product, intended for use in cancer diagnostics, valued above mid-six figures. The company expects to deliver the order during the fiscal quarter ending March 31, 2024, through December 31, 2024.
November 28, 2023 | 1:35 pm
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Applied DNA Sciences, Inc. has received a substantial follow-on order for its Linea DNA product, which is expected to generate significant revenue throughout the fiscal year 2024.
The announcement of a follow-on order for Applied DNA's Linea DNA product, especially one that is valued above mid-six figures, is a positive indicator of the company's revenue growth and market acceptance of its product. This is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price. The delivery timeline also provides a clear revenue outlook for the fiscal year 2024, which can be factored into financial forecasts and valuations.
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