Scientific Industries sells Genie Division for $9.6M; pro forma shows net gain

SCIENTIFIC INDUSTRIES INC

Sold Genie Division to Troemner LLC for $9.6M base plus up to $1.5M earn-out; $7.6M cash received.
Pro forma H1 2025 net income of $1.44M vs historical loss of $3.3M, driven by $5.26M gain on sale.
Post-sale, company retains Torbal Division; Genie revenue of $2.7M eliminated from H1 2025.
Supply and transition services agreement for up to 12 months with $1.14M potential earn-out.
Pro forma FY 2024 net loss narrowed from $6.4M to $2.4M after adjustments.

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