Applied DNA Sciences

Voxx hits the gas as 3Q income, earnings spike

  VOXX INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Consumer non-durables Nasdaq: VOXX Reporting Date: Jan. 9, 2018 Reporting Quarter: 3Q FY2018 Quarter Ended: Nov. 30, 2017 Numbers: Net third-quarter sales were reported as $156.6 million, down 0.5 percent from the $157.4 million reported for the third quarter of last fiscal year. But net income was reported as $8.6 million, a healthy 48.2 percent increase over the $5.8 million reported for 3Q FY2017. Diluted third-quarter earnings-per-share also…


No. 272: Stalin says hello, MSC Industrial rides the momentum and understanding why Central Islip needs two Marriotts

Well done: Congratulations, true believers – it’s Friday and you made it! For successfully completing 2018’s first five-day workweek, approximately 37 percent of you (according to a Bloomberg study) will now enjoy a three-day weekend. Seems U.S. businesses treat Martin Luther King Jr. Day, a federal holiday, about the same as President’s Day, insofar as paid vacations. (Schools, banks and stock markets get it right). All hail: However your weekend shapes up, today, Jan. 12,…


No. 271: New Discovery for New York, new co-working options for the Hamptons and cracking the Case of the Co-Opted Cashbox

Second wind: It’s Wednesday, Jan. 10, and over the hump we go. Welcome back, dear readers, to the five-day workweek. Gold standards: It was 50 years ago today that the U.S. Surveyor 7 landed near lunar crater Tycho and Matt Bodkin – cartoonist for Newsday, Long Island Business News and a zillion other regional publications – landed on Earth. This is also a fairly noteworthy date in the annals of innovation and business: London debuted…


Applied DNA catches Irish robber blue/green-handed

By GREGORY ZELLER // Already the bane of Swedish car thieves, Applied DNA Sciences has now notched its first armed-robbery criminal conviction in Ireland. The latest international adventure for the Stony Brook-based anti-theft and product-authentication specialist and its ever-evolving roster of vertical markets takes us to the Emerald Isle, where evidence gathered through the biotech’s SigNature DNA platform has helped convict a thug involved in a violent theft. According to Applied DNA, the case involves…


No. 267: On good fellows, spoon benders, Octomoms and trends to come

Welcome, dear readers: And over the year’s penultimate hump we go. Just five more days until Christmas and 11 until tumultuous 2017 runs its course. Boy, have you earned a holiday. The Innovate LI team will be catching up on baking, last-minute shopping and gift-wrapping, so watch for our next newsletter on Dec. 27. We hope you enjoy a peaceful, safe and joyous weekend! Before there was Octomom: When Nadya Suleman famously gave birth to…


Missiles, cars, leather … finally, biotech pushes pills

By GREGORY ZELLER // A biotech with a penchant for leather, foreign automobiles, high-tech weaponry and next-gen digital imaging is finally getting around to pharmaceuticals. Actually, that’s not true – Stony Brook-based Applied DNA Sciences has already this year announced multiple pharma-nutra-focused forays, including the production of DNA chains for in-vitro diagnostic and DNA-based therapeutic research purposes. But in announcing a technology license memorandum of understanding with Pennsylvania-based “hard dose” specialist Colorcon Inc., Applied DNA…


No. 264: Tribute to a friend

The outpouring of affection and well-wishes that followed the passing of Innovate LI founder and Publisher John Kominicki is deeply appreciated. We loved him, too. We’ll remember the humor, the wit, the generosity of spirit, the innovative vision. And we’ll especially remember the work ethic, which reminds us that time – and newsletters – stop for no man. So keep those story suggestions, calendar items and other new-economy tips coming at editor@innovateli.com. Anyone who knew…


Applied DNA is talking Turkey (and West Africa, too)

By GREGORY ZELLER // Applied DNA Sciences is in one of those modes again: another week, another big leap into a potentially lucrative geographic or vertical market. This week, it’s geographic, with a new federal mandate in the Republic of Turkey aiding the Stony Brook biotech’s efforts to develop new business there. Applied DNA on Tuesday announced plans to introduce DNA-tagged fertilizer to Turkey and countries in West Africa and Asia, amidst strong interest in…


No. 262: Mission is a go, Topspin buys some spin … and climate change in New Jersey?

TGI December: Let’s not mince words – this week was a slog, after the stuffed-belly, four-day respite of the Thanksgiving holiday. But Friday is upon us again, as is December, which in addition to the holidays you know boasts National Pie Day (today), World Human Rights Day (Dec. 10) and, believe it or not, Monkey Day (Dec. 14), which as of 2000 is actually a thing. Please use this information responsibly. And tell us about…


As biopharma blossoms, ace DNA producer locks in

By GREGORY ZELLER // Applied DNA Sciences has long proclaimed textiles – your cotton shirt, your leather shoes and the industries that produce them – as its primary vertical market, the ideal sector in which to apply its patented DNA-based security and authentication protocols. But a wholly different use for its coveted DNA supplies may soon eclipse textile-tracking as the Stony Brook biotech’s primary moneymaker. That’s the word from President and CEO James Hayward, who…


No. 260: Northwell’s innovation winners, SUNY medical schools feeling the pinch and SAFE RIDE LI thanks to MADD and Uber

Gobble gobble: And all that good stuff, dear readers. The Innovate LI team is looking forward to some quality family time over the holiday weekend, so no Black Friday newsletter. We’ll catch up with you Monday – but we’ll still be checking editor@innovateli.com for story tips, calendar items and leftover-stuffing recipes. Blackout warning: “Black Friday” you know, but “Blackout Wednesday?” That’s the term of choice in a joint statement from Mothers Against Drunk Driving and…


Defense Logistics Agency re-ups on DNA markers

A federal contract extension will keep Applied DNA Sciences knee-deep in microcircuits for another year at least. The Stony Brook biotech said Monday that the Defense Logistics Agency has awarded a one-year extension of a 2014 deal through which the supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist applies its SigNature DNA biomarkers to microcircuits at the DLA’s Ohio-based Land and Maritime facility. Financial terms of the contract extension were not disclosed. But continuing to mark and…


No. 256: Historic places, earning potential, winning students and will.i.am doing customer service

Good day, comrades: Take a bow this Nov. 8, dear readers, if you were around 100 years ago today, when Lenin, Trotsky and Stalin took over following Russia’s October Revolution of 1917. (Just, you know … bow carefully.) Welcome new readers Ted, Joseph, Diane and Daniel, and please share your thoughts at editor@innovateli.com. Story tips, corrections and back-pats gratefully accepted. Shed no tiers for them: Heartfelt congratulations to our friends at Uniondale law firm Farrell…


Applied DNA earns new SigNature patent, more T’d up

By GREGORY ZELLER // Applied DNA Sciences has added two new U.S. patents to its impressive collection – at least, a new patent-and-a-half. The Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist announced this week the arrival of U.S. Patent No. 9,790,538, covering “Alkaline Activation for Immobilization of DNA Taggants” – essentially, protecting the core technology powering Applied DNA’s SigNature T molecular tags. The biotech also announced a Notice of Allowance on U.S. Patent Application…


With license and library deals, biotech spreads its DNA

By GREGORY ZELLER // It’s been a banner month for Applied DNA Sciences, with two new deals both reaffirming the biotech’s scientific value and significantly extending its commercial reach. On Friday, the provider of DNA-focused supply chain, anti-counterfeiting and anti-theft technologies announced that its SigNature molecular tag technology had been added to global materials-innovator Material ConneXion’s prestigious library – exposing Applied DNA’s wares to scientists, manufacturers and makers around the world, a potentially enormous commercial…