Applied DNA Sciences Inc (APDN)

[Shail]

Somehow A4, while I would like to believe that all is well, the market response is not encouraging and all this seems like us trying to console ourselves.

While I agree with your interpretation of the deferred revenues, I would have preferred that revenues for the quarter accounted on the books, should have been more than a million.

The revenue ramp up is not as exciting. The comparison to the last year period looks good but if you look at the increase over the previous quarter, the increase is pathetic. How and when will we exceed expenses at this rate. Also if you notice, the revenue from the DLA for the 6 month period is just $390K. After all the hype over the DLA mandate and the recent PRs, does this not look a meager amount.

I was expecting the Supina and Brinks and Dawson deals to add a substantial amount but that does not seem to be the case. My concern is that our revenue generated per contract is not very high. If that is the case, we should be signing 100s of contracts to see a significant revenue increase.

I hope I am proved wrong but the results have disappointed me.