Applied DNA Reports First Quarter Fiscal 2025 Financial Results and Highlights Operational Progress
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Applied DNA Sciences, Inc. (NASDAQ:APDN) reported its first quarter fiscal 2025 financial results, announcing its exit from the DNA Tagging and Security Products and Services business segment and a 20% workforce reduction. The company completed and certified its GMP Site 1 facility for commercial operation.
February 13, 2025 | 9:15 pm
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Applied DNA Sciences exits its DNA Tagging business and reduces workforce by 20%, while completing its GMP Site 1 facility for commercial operations.
The exit from the DNA Tagging business and a significant workforce reduction suggest a strategic shift and potential financial challenges, likely impacting short-term stock performance negatively. However, the completion of the GMP Site 1 facility could provide future growth opportunities.
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