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BioLife Solutions (BLFS)
NASDAQ:BLFS
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
-$0.3Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 3.36%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and margin expansion driven by the cell processing platform. The strategic divestiture of the SciSafe BioStorage business is expected to streamline operations and improve the company's financial position. However, the reduction in overall revenue guidance and the dependency on a small customer base are notable concerns.Company Guidance
During the BioLife Solutions Q3 2024 earnings call, the company provided updated financial guidance, showcasing a sequential revenue increase of 6% in the cell processing platform, totaling $19 million, which reflects a 43% year-over-year growth. The adjusted gross margin improved to 54%, up from 44% in the previous year, with an adjusted EBITDA margin reaching 20%, compared to 6% last year. BioLife also announced the strategic divestiture of its SciSafe BioStorage business, generating $73 million in cash, which will be used to enhance its core cell processing product portfolio. The company has raised its cell processing revenue guidance modestly, expecting total revenue between $98 million and $100 million for 2024, driven by a 9% to 11% growth in the cell processing segment, and plans to focus on expanding its high-margin recurring revenue streams, particularly its biopreservation media products.Sequential Revenue Growth
BioLife Solutions reported its fourth consecutive quarter of sequential revenue growth, with a 6% increase in cell processing platform revenue this quarter and a 43% increase compared to the third quarter of 2023.
Margin Expansion
Adjusted gross margin for Q3 2024 was 54%, up from 44% in the same period last year. Adjusted EBITDA margin increased to 20% from 6% last year.
Strategic Divestiture
The company announced the strategic divestiture of its SciSafe BioStorage business in a $73 million all-cash transaction, which will streamline operations and strengthen the balance sheet.
Financial Performance
GAAP operating loss for Q3 2024 was reduced to $1.6 million from $15.5 million in the prior year, and adjusted operating loss decreased to $600,000 from $8.3 million in Q3 2023.
Increased Revenue Guidance
The cell processing revenue guidance was modestly increased based on strong Q3 results and projected future performance.
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BLFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $26.50 | $24.11 | -9.02% |
| Aug 08, 2024 | $22.74 | $25.25 | +11.04% |
| May 09, 2024 | $18.01 | $19.54 | +8.50% |
| Feb 29, 2024 | $16.90 | $17.97 | +6.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BioLife Solutions (BLFS) report earnings?
BioLife Solutions (BLFS) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is BioLife Solutions (BLFS) earnings time?
BioLife Solutions (BLFS) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLFS EPS forecast?
BLFS EPS forecast for the fiscal quarter 2024 (Q4) is -$0.08.
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