Applied DNA Sciences Inc (APDN)

[Parkmart]

Parker –

The bulk of cotton orders are recurring because Himatsingka’s contract with Bed, Bath and Beyond is recurring. That and the inherent seasonality to the cotton revenue stream are fundamental to understanding Applied DNA’s cotton story.

With regard to the timeline with Colorcon, it is considered an excipient, but the technology is not one Colorcon has utilized before, therefore it is being methodical in its approach. If this were are case of swapping out a time-release formula for another time-release formula, this would have been a much simpler process. Colorcon’s approach is novel in the industry and one that will be powered by Applied DNA until 2032.

Sanjay M. Hurry, Vice President
Investor Relations Counsel, Applied DNA Sciences