APDN - gearing up for growth.

[AnnaDub]

Applied DNA Sciences is poised for immediate growth. Like the ugly ducking that becomes a beautiful swan... This issue is about to graduate from diluted penny stock to a major player. APDN is now trading in the .17/.18 range.

STONY BROOK, NY, July 11, 2013. Applied DNA Sciences, Inc. (OTC Bulletin Board: APDN), (Twitter:mad:APDN), a provider of DNA-based anti-counterfeiting technology, anti-theft and product authentication solutions, today announced that its ongoing staff expansion has so far resulted in a 72% increase in scientific, quality, operational and other employees since January of the current year. The company now counts forty-eight staff in Stony Brook, NY, United Kingdom, and elsewhere. The expansion accommodates the company's worldwide growth, including a broader product array, and a growing sales pipeline. A more robust and larger plant is in place to support the expansion.Company officials pointed to increasing number of contracts with suppliers of military electronics, a total of sixteen as of today, and calls for anti-theft assets, including those acquired from from United Kingdom-based RedWeb Technologies, as examples of the increased demand."The addition of top-notch people and an improved facility are two keys to handling growth," said Dr. James A. Hayward, CEO and President of Applied DNA Sciences. "Our grow-the-company initiative will keep us steadily on the edge of science and innovation, something our customers have come to expect from us. We are prepared to deliver."Dr. Hayward described the company's Technology Roadmap, which envisions a faster and higher-volume SigNature DNA marking platform, highly optimized rapid read, new breakthroughs in textile marking and authentication, and other forward steps in technology.The company is currently moving into a new, 30,000 square foot building, with significantly larger and differentiated laboratory space, improved security arrangements, new staging, shipping and fulfillment centers, and an expanded front office."We will remain light on our feet and able to serve customers quickly and with precision," Dr. Hayward commented. "Our new infrastructure is built to empower that philosophy."​

[amopabila]

News is news, financiers used it to sell into. Once a diluter, always a diluter....

I'd still be skeptical as an investment until they produce growth type numbers.

You and I can go rent out an office building and hire some people too; but it doesn't mean we will create an awesome company that will make consistent profits in the long-run, especially since we now have to pay for that office building and staff.....

As for trading purposes, .17 is current support and .20 is resistance. Thus if .17 cracks it'll drop back to .13/.14 range or if .20 is broken it'll pop back to mid .20's. Play accordingly in my opinion.

[apifxonm85]

Record earnings. New plant. Increased staff. New Govt. mandated contracts. Positive Conf Call scheduled for Thursday. This could get interesting.

Applied DNA Sciences Reports Fiscal Third Quarter 2013 Results Highest Quarterly Revenues
STONY BROOK, NY--(Marketwired - Aug 13, 2013) - Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced its financial results for the third fiscal quarter ending June 30, 2013.
Highlights
-- Today we report revenues of approximately $645,000, which represent the
highest quarterly revenues in our history.

-- Increase in sales primarily generated by increase in SigNature
DNA-marking contracts

-- Signed 8 contracts in connection with military electronics effort, more
in development

-- Strengthening of management team
Events Subsequent to the End of the Quarter:
-- Nearly 500,000 electronic components now marked in military electronics
supply chain

-- Further positive results in extensive trial of DNANet anti-theft product
in London

-- 72% growth in staff and threefold expansion of plant position company for
high-volume delivery

-- Progress in Small Business Innovation Research (SBIR) project with
Missile Defense Agency
Financial Results

[Anthonyfamy]

For the three months ended June 30, 2013, APDN generated $644,842 in revenues from operations, an increase of $116,268, or 22%, from revenue of $528,574 for the three months ended June 30, 2012. Revenues for the three months ended June 30, 2013 were principally from the sales of authentication services. The increase in sales for the three months ended June 30, 2013 compared to the three months ended June 30, 2012 was primarily caused by the increase in DNA-marking contracts with commercial electronics manufacturers and represents the company's highest quarterly revenues to date.
"This quarter, APDN signed eight contracts related to Federal Supply Class (FSC) 5962, doubling the cumulative contracts that had been signed by the previous quarter," stated Dr. James A. Hayward, President and CEO of Applied DNA Sciences. "We anticipate that this trend will continue, judging from the increasing number of inquiries and companies in various stages of negotiation. Our other product markets continue to contribute to our revenues."
Selling, general and administrative (SG&A) expenses increased from $1,752,501for the three months ended June 30, 2012 to $3,240,815 for the three months ended June 30, 2013. The increase of $1,488,314, or 84.9%, is primarily attributable to higher professional fees specifically for legal and consulting and increased salary due to the increased headcount. The increase is also due to expenses incurred for the relocation of our corporate office during the three months ended June 30, 2013. Included in SG&A for the three months ended June 30, 2013 is approximately $956,000 of non-cash charges, including $886,000 for stock based compensation expense primarily related to the vesting and modification of employee stock options and $70,000 of bad debt expense.
"SG&A expenses will stabilize going forward," Dr. Hayward continued. "We have completed the move into our new facility, our management team is strong and experienced and we are positioned to deliver against high demand while continuing necessary product development without additional major expenditures."
Research and development expenses increased from $99,958 for the three months ended June 30, 2012 to $184,981 for the three months ended June 30, 2013. The increase of $85,023 or 85.1% is attributable to additional research and development to extend our patent portfolio and to capitalize on emerging market requests.
Net loss for the three months ended June 30, 2013 increased to $2,135,612 from a net loss of $1,429,645 for the three months ended June 30, 2012 which is primarily attributable to factors described above.
Military Electronics
Dr. Hayward commenting further on the effort in military electronics, pointed out that "the companies signed or in stages of negotiation include manufacturers, authorized distributors, and prime contractors. We believe the company, along with the Defense Logistics Agency, is building a platform on which both private and public sectors can leverage and take immediate, practical steps against counterfeits. The electronics industry is vast and varied, but our product is simple, doable, and tested."
The company also reported favorably on its high profile in the area of new government regulations requiring defense suppliers to build anti-counterfeiting systems. APDN team members have presented at scores of conferences, led a major industry workshop this quarter, and delivered formal comments at hearings in Washington D.C. and in written form, all as thought leaders on anti-counterfeiting in electronics. Coverage of the company in trade and mass media has been extensive.
Company officials also pointed out that, nearing the milestone of a half-million SigNature DNA-marked electronic components in circulation, the company is in a position to capitalize by offering a broader set of authentication programs in the supply chains impacted. We expect that channel selling will bring new customers and increase sales.
Distribution Network
In the last quarter we have expanded our Distribution network to increase sales of our off-the-shelf products such as the Sentry DNA spray system. This action has shown additional sales revenue at minimal operational costs. We now have distributors in Sweden, Italy, Australia, New Zealand, North America, Greece and the Middle East, with plans for further expansion.
Missile Defense Agency SBIR Contract
Company officials judge our progress against the specific tasks of our contract with the Missile Defense Agency (MDA) to be ahead of schedule. For example, execution against the company's technology roadmap has led to increases in scale needed to penetrate industry sectors from independent distributors, to authorized distributors, to component manufacturers and prime contractors. The company expects corresponding increments in scale for printing and marking methodologies to be relevant to multiple industries and federal agencies.
London DNANet(R) deployment
APDN is engaged with the London Metropolitan Police Service (MPS), deploying its DNANet product against home burglaries in two of the city's high-crime areas, Southwark and Lambeth. Results have been very favorable, including in districts adjacent to the target neighborhoods, showing that crime has not been merely displaced, but deterred.
Patent portfolio
APDN continues to build its patent portfolio, an essential asset for our shareholders, critical in a biotech company, and the basis of competitive edge. APDN regards our patent strategy as a fundamental component of our value creation. Two patent applications were filed in the quarter and four granted.
Management team
APDN continued to expand and solidify its management team in the quarter, adding talent in information technology and human resources.
APDN currently has 44 full-time employees and 4 part-time employees, including 3 in management, 34 in operations, 9 in sales and marketing, 1 in human resources, and 1 in investor relations.
Dr. Hayward commented: "We have a diverse, well educated and experienced workforce. We are poised to take the company to the next level through expansion to new stakeholders in our core markets, as well as tailoring our proven solutions for emerging markets. We continue to grow our management team aiming for world-class expertise. The enhanced team will support a market launch in the Fall of 2013 of an Authentication Channel Program that will accelerate momentum in electronics marking with SigNature DNA. In parallel, new marking and reading technologies will broaden accessibility to product security information in emerging markets such as pharmaceutical track-and-trace, print media and textiles."
Form 10-Q Availability
The quarterly report on Form 10-Q, which includes Applied DNA Sciences consolidated financial statements, is available for viewing and downloading, free of charge, through the Investor Relations section of APDN's Web site at www.adnas.com, or through the SEC's electronic data system at www.sec.gov.
About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature(R) DNA and smartDNA, our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators.
The statements made by APDN may be forward-looking in nature. Forward-looking statements describe APDN's future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of APDN. Actual results could differ materially from those projected due to our short operating history, limited financial resources, limited market acceptance, market competition and various other factors detailed from time to time in APDN's SEC reports and filings, including our Annual Report on Form 10-K, filed on December 20, 2012 and our subsequent quarterly reports on Form 10-Q. APDN undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
MEDIA CONTACT:
Mitchell Miller
646-543-3373
fax: 631-240-8818
INVESTOR CONTACT:
Debbie Bailey
631-444-8090
fax: 631-240-8817
FCMN Contact:
Email Contact
Web site: http://www.adnas.com
Twitter: @APDN, @APDNInvestor.
(MORE TO FOLLOW) Dow Jones Newswires
August 13, 2013 08:05 ET (12:05 GMT)

[AntonioVem]

News breaking with APDN. Volume is spiking. Double Bottom. Keep this on your watch list for tomorrow. Could be a breakout. Agora and others are feeding their pump machines. Email alerts are starting to fly.

Applied DNA Sciences and Prime Contractor L-3 Power Paragon Sign Agreement for SigNature DNA Marking in Support of DLA Effort

STONY BROOK, NY, September 12, 2013 - Applied DNA Sciences, Inc.(OTC Bulletin Board: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today that it has signed an agreement with L-3 Power Paragon, a subsidiary of L-3 Communications, for the use of SigNature DNA marking technology to proactively protect against counterfeit electronic parts. L-3 Power Paragon supplies microcircuits in the category FSC 5962 to the U.S. Defense Logistics Agency (DLA), and so becomes "SigNature DNA Compliant," playing an important role in the DLA effort to prevent counterfeit electronics. Twenty-one electronics companies have now signed agreements, and most are actively SigNature DNA-marking their parts supplied to DLA. Thirty-four more are in serious negotiations, both categories together comprising a pipeline of 53 companies for the program. APDN has also revealed its Technology Roadmap, showing its support for delivery to electronics and aerospace businesses of any size, including those impacted by the anti-counterfeiting language in the National Defense Authorization Acts (NDAA) of Fiscal Years 2012 and 2013. The presence of prime contractors on this list, company officials said, is a special indicator of forward progress, since it is in the interest of primes to encourage their own suppliers to mark with SigNature DNA, a process known as flowing down requirements. L-3 Power Paragon supplies power systems for defense, governmental and advanced industrial applications. It is a prime contractor for the U.S. Department of Defense (DoD) and numerous other government and commercial end users. The company's technology is virtually the "service standard" for the U.S. Navy, while also delivering innovative airborne products. Many of its systems are intensively dependent on precision electronics. "We are proud to have this smart and effective company as a business partner," stated Dr. James A. Hayward, CEO and President of APDN. "APDN believes that its SigNature DNA customers, such as L-3 Power Paragon, will be greatly helped along the road to compliance with the NDAA anti-counterfeiting legislation. We are confident that this agreement marks the beginning of a long, productive partnership with L-3 Power Paragon in the efforts by DLA and our company against counterfeits." "We are delighted that L-3 Power Paragon, as an advanced technology prime contractor, has lent its support and prestige to the DLA effort to protect our warfighters from the plague of counterfeit electronic parts," said Janice Meraglia, Vice President of Government and Military Programs at APDN. "We are sure that its military, national security and other end users will benefit, and are confident that other primes will be encouraged to also join the effort." "L-3 Power Paragon is known for both the excellence and importance of its power products," said Bob MacDowell, Senior Account Manager for Government and Military Programs at APDN. "We look forward to working with L-3 Power Paragon and DLA to become even more proactive in our joint efforts." "L-3 Power Paragon is committed to going the extra mile to support our warfighters from any risk of counterfeit parts, and we look forward to working with DLA to become more proactive in this effort," said Scott Utka, Director of Materials at L-3 Power Paragon. About L-3 Power Paragon L-3 Power Paragon is a worldwide leader in the engineering, development, manufacture and integration of power conversion and distribution systems for defense, governmental and advanced industrial applications. The company's power conversion, power conditioning and power protection solutions can be found in a wide range of demanding military and commercial environments around the world. Power technology systems from Power Paragon are virtually the "service standard" for the United States Navy and many international navies. L-3 Power Paragon also provides innovative airborne products to solve difficult power problems. The company's power conversion equipment delivers reliable AC or DC power to a variety of output loads with power demands of up to 15 kVA. These devices can be found in many military and commercial fixed-wing aircraft and helicopters.