SCI Engineered Materials, Inc.
4.2000-0.10 (-2.33%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · SCIA · USD
Key Stats
Market Cap
19.23MP/E (TTM)
13.13Basic EPS (TTM)
0.32Dividend Yield
0%Recent Filings
8-K
CFO Blaskie to retire April 2026
SCI Engineered Materials announced on September 29, 2025, that CFO Gerald S. Blaskie plans to retire on April 1, 2026, for personal reasons, with no disagreements noted. The 67-year-old executive, with 24 years at the firm, built a strong finance team and supported growth. A successor search is underway to ensure smooth transition. SCI remains positioned for its long-term strategy.
10-Q
Q2 FY2025 results
SCI Engineered Materials posted Q2 revenue of $3.6M, down 35% y/y from $5.5M amid lower volume and product mix shifts, yet gross margin climbed to 32.1% from 24.9% thanks to favorable raw material costs. For the half-year, revenue fell 49% y/y to $7.1M while operating income dropped 45% to $658K, with diluted EPS at $0.15 versus $0.23 last year—reconciled against 4.58M shares with minimal dilution from in-the-money options. Cash from operations surged to $1.9M, boosting cash to $8.0M and investments to $3.2M, all debt-free with a $1M undrawn line. New launches like conductive indium tin oxide and long rotatable targets signal innovation momentum. Supply chain disruptions pose ongoing risks.
8-K
Annual meeting elects board
SCI Engineered Materials held its annual shareholder meeting on June 17, 2025, electing Vince Crisler, John P. Gilliam, Emily Lu, Laura F. Shunk, Charles Wickersham, and Jeremiah R. Young to its board, each with strong majority support despite notable withheld votes. Shareholders approved executive compensation by non-binding vote and recommended triennial say-on-pay frequency. The board ratified GBQ Partners LLC as auditors for 2025. Continuity prevails.
10-Q
Q1 FY2025 results
SCI Engineered Materials posted Q1 FY2025 revenue of $3.5M, down 58% y/y from $8.4M, yet gross margin leaped to 30.6% from 16.8% on lower raw material costs despite reduced volume. Operating income fell to $302K from $618K as higher G&A offset cuts in R&D and sales expenses, while net income landed at $310K or $0.07 diluted EPS versus $545K or $0.12 last year—EPS reconciles cleanly to 4.57M shares with minor dilution from options. Cash swelled to $7.4M, bolstered by $933K operating cash flow, and free cash flow hit $850K after $83K capex, with no debt and $1M revolver available. Photonics drove over 99% of sales, led by two customers at 80%. Supply chain snags linger as a risk.
10-K
FY2024 results
SCI Engineered Materials posted FY2024 revenue of $22.9M, down 18.3% y/y from $28.0M, driven by lower costs of a key raw material—especially in Q3—plus shifts in product mix and slight volume dips, yet Q4 revenue held at $5.1M versus $7.0M last year while gross margins climbed to 22.2% annually from 18.8%, buoyed by those cheaper inputs. Operating income slipped to $2.0M from $2.5M amid 10% higher expenses for staff and R&D into niche powders and bonding tech, but net income landed at $1.9M or $0.41 diluted EPS on boosted interest from $6.8M cash and $2.8M marketable securities, with no debt. Q4 net income of $0.4M reflected leaner ops costs offsetting softer sales. Backlog shrank sequentially to $2.5M from $3.0M. Cash flow stayed robust at $2.4M from operations. Customer concentration risks loom large, with top two at 88% of sales.
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