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SCI Engineered Materials reported a revenue decline to $17.8 million for the nine months ending September 30, 2024.
SCI Engineered Materials, Inc. reported a decline in revenue for the nine months ending September 30, 2024, totaling $17.8 million, down from $21 million in 2023.
Third-quarter revenue fell to $3.9 million, influenced by lower raw material costs.
Despite these challenges, the company maintained stable order volumes and a strong financial position, with $7.6 million in cash and no debt.
Net income for the period was $1.4 million, or $0.31 per diluted share.
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SCI Engineered Materials reportó una disminución de ingresos a 17,8 millones de dólares para los nueve meses que finalizaron el 30 de septiembre de 2024.