Dyadic reports on Q3 2013 and first nine months of 2013

In Florida, Dyadic International reports that during the third quarter of 2013, the Company recognized a loss of $313,000 on settlement of litigation, while net income for the nine months was $121,000, compared to a net income of $2.8 million for the same period a year ago. Dyadic reports that for the 2013 full-year outlook, due to the BASF license transaction, the expected continued growth in product related revenues and other strategic partnerships, Dyadic expects 2013 total revenues to increase versus 2012. Because of the increased non-recurring litigation costs, the Company may generate a small loss for the year or break even. Net of non-recurring litigation costs, the Company expects to be profitable for 2013.

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