SCI Engineered Materials, Inc. filed its Form 10-Q with the SEC on October 29, 2026, reporting unaudited financial results for the quarterly period ended September 30, 2026.

Key Highlights

  • Nine-month revenue: $25,701,895 for the nine months ended September 30, 2026, compared to $12,398,652 for the same period in 2025, according to the filing.
  • Nine-month net income: $2,494,850 for the first nine months of 2026, versus $1,184,455 in the prior-year period, as reported in the filing.
  • Third-quarter net income: $862,312 for the three months ended September 30, 2026, compared to $510,279 in the third quarter of 2025.
  • Total assets: $24,509,409 as of September 30, 2026, up from $17,272,358 as of December 31, 2025, per the condensed balance sheet.
  • Cash and cash equivalents: $11,041,812 at September 30, 2026, compared to $7,939,000 at December 31, 2025.
  • Fraud loss: The filing discloses a net fraud loss of $299,281 for the nine months ended September 30, 2026, partially offset by a recovery of $262,745 in the third quarter alone.
  • Shares outstanding: 4,450,003 shares of Common Stock were outstanding as of October 28, 2026, per the cover page.

SCI Engineered Materials: Nine-Month 2026 Financial Results and Balance Sheet Changes

According to the Form 10-Q filed on OTCQB under the ticker SCIA, SCI Engineered Materials, Inc. (OTCQB:SCIA) reported nine-month revenue of $25,701,895 for the period ended September 30, 2026, more than double the $12,398,652 reported for the comparable nine-month period of 2025. The company's cost of revenue for the nine months was $19,700,638, yielding a gross profit of $6,001,257, compared to a gross profit of $3,562,116 in the prior-year period. Income from operations for the nine months reached $2,889,233, versus $1,198,515 a year earlier.

For the three months ended September 30, 2026, the filing reported revenue of $8,056,414, up from $5,289,116 in the third quarter of 2025. Third-quarter income from operations was $1,000,843, compared to $540,169 in the prior-year quarter. The filing notes a fraud loss (recovery), net, of $(262,745) in the third quarter of 2026 and $299,281 for the nine-month period; no comparable item appeared in the 2025 periods. Basic and diluted earnings per share for the nine months ended September 30, 2026 were each $0.56, compared to $0.26 for the same period in 2025.

On the balance sheet, total shareholders' equity increased to $16,492,372 at September 30, 2026, from $14,177,893 at December 31, 2025. The company disclosed that it purchased treasury stock during the period at a cost of $267,500, bringing the treasury stock balance to $767,500 (150,000 common shares). Customer deposits rose significantly to $3,564,512 from $829,158, and inventories increased to $3,777,866 from $1,091,471 over the same span. The registrant identified itself as a smaller reporting company and non-accelerated filer, and indicated it is not a shell company.

What Was Disclosed

SCI Engineered Materials filed a quarterly report covering the period ended September 30, 2026, disclosing nine-month net income of $2,494,850, total assets of $24,509,409, a net fraud-related charge for the nine-month period, and a treasury stock repurchase of $267,500 during the period.