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Dyadic International Reports First Quarter 2013 Financial Results
Date:5/15/2013

reports for Dyadic on the OTC market website (www.otcmarkets.com/stock/DYAI/quote).

Cautionary Statement for Forward-Looking StatementsCertain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Dyadic's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Dyadic expressly disclaims any intent or obligation to update any forward-looking statements.

 DYADIC INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended March 31, 20132012Revenue: (Unaudited)  (Unaudited) Product Related Revenue, Net

$

2,095,072

$

1,739,381Research and Development Revenue386,736783,581Total Revenue2,481,8082,522,962Cost of Goods Sold:1,961,3921,766,125Gross Profit520,416756,837Expenses:General and Administrative1,258,366981,373Sales and Marketing 203,930229,137Research and Development 289,584196,310Foreign Currency Exchange Losses/(Gains), Net60,293(41,719)Total Expenses1,812,1731,365,101(Loss) from Operations(1,291,757)(608,264)Other Income (Expense) Interest Income1,2781,485Interest Expense(169,717)(174,156)Total Other Income (Expense)(168,439)(172,671)Net (Loss)

$

(1,460,196)

$

(780,935)Net (Loss) per Common ShareBasic

$

(0.05)

$

(0.02)Diluted

$

(0.05)

$

(0.02)Weighted Average Common Shares Used in Calculating Net (Loss) Per Share:Basic31,929,18531,515,400Diluted31,929,18531,515,400 DYADIC INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETSMarch 31,
2013December 31,
2012ASSETS(Unaudited)Curren
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SOURCE Dyadic International, Inc.
Copyright©2012 PR Newswire.
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