Applied DNA Sciences Inc (APDN)

[hock1]

mcsharkey (and anyone interested) I've done some calculations, which I believe are conservative, of what we can expect for FY2016 revenues.

First, my estimate for 2015Q4 is $4.5M which comprises $2.8m for Pima and $1.7M for all other sources, I.e., Home Asset-Marking, 5 government agencies, labeling, etc. This will produce the Company's first profit, in the $.02-.03 p/s range. (Net of one-time expense for Vandalia).

Then, even though APDN's revenue has increased more than 50% per quarter for 3 quarters and apparently 100% for Q4, I have assumed a declining rate of quarterly increases. Say, 50% Q1, 40% Q2, 30%Q3, 20%Q4. This will produce 2016 revenues of about $44M! I strongly believe they will be much higher as recently announced deals ramp up and new deals are announced. Anyway, although quarterly expenses have been steady at around $4.0M, I have assumed $5.0M per quarter for 2016. This will net out at a net of $1.00 per share for 2016. (No taxes until the $220M NOL has been exhausted).

And, this is assuming no contribution from Pharma (our biggest opportunity!) Is my enthusiasm beginning to show??