---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-059893"
form_type: "8-K"
ticker: "BNBX"
cik: "0000744452"
company_name: "BNB PLUS CORP."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:25:03.113998+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Applied DNA Q2 revenue down 79% to $930k; operating loss widens to $3.6M

## Summary
- Total revenue $930k vs $4.4M YoY; COVID testing contract with CUNY ended June 2023.
- Gross profit declined to $296k (32% margin) from $1.8M (41%) YoY.
- Operating loss $3.6M vs $2.7M YoY; adjusted EBITDA -$3.3M.
- Cash $3.1M as of March 31, 2024, down from $7.2M at Sept 30, 2023.
- Effected 1-for-20 reverse stock split on April 25, 2024; regained Nasdaq bid price compliance.

## SEC filing metadata
- accession: 0001104659-24-059893
- form_type: 8-K
- ticker: BNBX
- cik: 0000744452
- company_name: BNB PLUS CORP.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744452/000110465924059893/0001104659-24-059893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744452/000110465924059893/tm2414131d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059893
- JSON: https://secwatch.observer/filing/0001104659-24-059893.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059893.txt

## Key facts
- Earnings Releases
  BNB PLUS CORP. reported second fiscal quarter ended March 31, 2024 results: revenue approximately $930 thousand.
  - Period: second fiscal quarter ended March 31, 2024
  - Revenue: approximately $930 thousand
  - Result: reported results
  source text: reporting period. The Company will host an investor update call on June 12, 2024. Summary Second Quarter Fiscal 2024 Financial Results: ● Total revenues were approximately $930 thousand for the three-month period March 31, 2024, compared to $4.4 million for the second quarter of fiscal 2023. The decrease in revenue of approximately $3.5 million was due to an
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465924059893/0001104659-24-059893-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.