Is it possible to get different outcomes from the same Experiment?

Yes, it’s possible! For example, you could buy two of the same Experiment and when they undergo their second morph (into their third state), one could change to one item state and the other to something completely different. Then at the next morph, they could both change to the same item state or they could continue going their separate ways. You might even get a special limited edition bonus item at the end, but only if you’re really, really lucky!