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Stock impact report

BioLife Solutions Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

BioLife Solutions, Inc. (BLFS) 
Last biolife solutions, inc. earnings: 3/11 04:29 pm Check Earnings Report
US:NASDAQ Investor Relations: biolifesolutions.com
Company Research Source: Yahoo! Finance
Expects 2024 revenue of $100.0 million excluding freezer business and positive adjusted EBITDA Conference call begins at 4:30 p.m. Eastern time today BOTHELL, Wash. Feb. 29, 2024 /PRNewswire/ -- BioLife Solutions, Inc. (Nasdaq: BLFS) ("BioLife" or the "Company"), a leading supplier of biopreservation media and other cell processing tools and biostorage services for the cell and gene therapy (CGT) and broader biopharma markets, today announced financial results for the fourth quarter and year ended December 31, 2023 , and introduces 2024 revenue guidance. "In 2023, as the pharmaceutical industry was rationalizing spend and capex, our low margin slow-growth freezer franchise was obfuscating the value of BioLife's high-margin, class-defining consumable bioproduction media, tools, and services. Recognizing this reality and committed to increasing shareholder value, the BioLife Team commenced a business reprioritization. The effort led to a hyper focus on the high margin consumable Show less Read more
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