Cryoport(CYRX)

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Cryoport(CYRX) - 2021 Q4 - Earnings Call Transcript
2022-02-25 00:06
Cryoport, Inc. (NASDAQ:CYRX) Q4 2021 Earnings Conference Call February 24, 2022 5:00 PM ET Company Participants Todd Fromer - President, KCSA Strategic Communications Jerrell Shelton - Chief Executive Officer Robert Stefanovich - Chief Financial Officer Dr. Mark Sawicki - Chief Scientific Officer Thomas Heinzen - Vice President, Corporate Development and IR Conference Call Participants Michael Jones - SVB John Sourbeer - UBS David Saxon - Needham & Co. Brandon Couillard - Jefferies David Larsen - BTIG Opera ...
Cryoport(CYRX) - 2021 Q3 - Earnings Call Transcript
2021-11-05 01:14
Cryoport, Inc. (NASDAQ:CYRX) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Todd Fromer – President, KCSA Strategic Communications Jerrell Shelton – Chief Executive Officer Mark Sawicki – Chief Scientific Officer Robert Stefanovich – Chief Financial Officer Thomas Heinzen – Vice President of Corporate Development and Investor Relations Conference Call Participants John Sourbeer – UBS Chad Wiatrowski – SVB Leerink Matt Andrews – Jefferies Paul Knight – KeyBanc David Larsen ...
Cryoport(CYRX) - 2021 Q3 - Quarterly Report
2021-11-04 21:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission File Number: 001-34632 CRYOPORT, INC. (Exact Name of Registrant as Specified in its Charter) Nevada 88-0313393 ...
Cryoport(CYRX) - 2021 Q2 - Earnings Call Transcript
2021-08-08 17:39
Cryoport, Inc. (NASDAQ:CYRX) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Executives Todd Fromer - Managing Partner-KCSA Jerrell Shelton - Chairman, President and Chief Executive Officer Robert Stefanovich - Chief Financial Officer, Treasurer and Corporate Secretary Mark Sawicki - Chief Scientific Officer Thomas Heinzen - Vice President-Corporate Development & Investor Relations Analysts Matt Andrews - Jefferies Andrew D'Silva - B. Riley Securities David Larsen - BTIG Jacob Johnson - Stephens ...
Cryoport(CYRX) - 2021 Q2 - Quarterly Report
2021-08-05 22:42
Table of Contents Title of each class: Trading Symbol(s) Name of each exchange on which registered: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. Commission File Number: 001-34632 CRYOPORT, ...
Cryoport(CYRX) - 2021 Q1 - Quarterly Report
2021-05-06 21:11
Market Growth and Trends - The global cell and gene therapy (C>) market was valued at approximately $4.2 billion in 2019 and is projected to grow to over $33.1 billion by 2024[210]. - The biopharma/pharma market has over 1,200 global clinical trials underway in 2021, highlighting the growing demand for temperature-controlled supply chain solutions[228]. Company Performance and Financials - Total revenues increased by $43.5 million, or 445.2%, from $9.8 million to $53.3 million for the three months ended March 31, 2021, compared to the same period in 2020[236]. - Service revenues rose by $17.0 million, or 173.8%, from $9.8 million to $26.8 million for the three months ended March 31, 2021, driven by the acquisition of CRYOPDP[237]. - Product revenues were $26.5 million for the three months ended March 31, 2021, primarily due to the acquisition of MVE Biological Solutions[238]. - Revenue from the biopharma/pharma market increased by $33.6 million, or 382.5%, from $8.8 million to $42.4 million for the three months ended March 31, 2021[240]. - Revenues in the reproductive medicine market increased by $1.1 million, or 148.4%, from $0.8 million to $1.9 million for the three months ended March 31, 2021[242]. - Gross margin for the three months ended March 31, 2021, was 46.1% of total revenues, compared to 53.8% for the same period in 2020[243]. - Organic revenue increased by $3.5 million, or 35.3%, to $13.2 million for the three months ended March 31, 2021[236]. - Adjusted EBITDA for the three months ended March 31, 2021, was $6.978 million, compared to a loss of $1.770 million in the same period in 2020[258]. Operational Developments - As of the end of Q1 2021, the company supported 543 clinical trials and seven commercial therapies, with expectations for up to 21 additional C>s to file for regulatory approval in 2021[211]. - The number of clinical trials supported increased to 543, with 69 Phase III trials as of March 31, 2021[240]. - The company expanded its global presence to a network of 27 supply chain centers in 13 countries following the acquisition of CRYOPDP in October 2020[224]. - The acquisition of MVE Biological Solutions enhances the company's capabilities in cryobiological storage and transportation, securing supply for the growing C> market[225]. - The company has established strategic alliances with major logistics providers, including FedEx, DHL, and UPS, to integrate advanced cryogenic logistics solutions[215]. - The Cryoportal Logistics Management Platform provides comprehensive shipment management, including near real-time tracking and regulatory compliance[220]. - The Chain of Compliance® solution introduced in 2018 sets a new industry standard for traceability in the C> market[221]. - The company is focused on continuous innovation to develop products that address unmet needs in the global supply chain of the C> market[213]. Expenses and Financial Management - Selling, general and administrative expenses increased by $14.3 million, or 200.7%, compared to the first quarter of 2020, primarily due to acquisitions[247]. - Engineering and development expenses increased by $2.6 million, or 148.4%, for the three months ended March 31, 2021, compared to the same period in 2020, primarily due to consulting and development costs[249]. - Interest expense rose by $1.2 million for the three months ended March 31, 2021, compared to the same period in 2020, attributed to interest on convertible senior notes[250]. - The provision for income taxes increased by $1.0 million for the three months ended March 31, 2021, with an effective tax rate of negative 41.7% for U.S. earnings[252]. Cash Flow and Capital Management - As of March 31, 2021, the company had cash and cash equivalents of $85.5 million and short-term investments of $267.7 million, with working capital of $381.9 million[259]. - Net cash used in investing activities was $215.4 million during the three months ended March 31, 2021, primarily due to the purchase of short-term investments[261]. - Net cash provided by financing activities totaled $271.4 million during the three months ended March 31, 2021, mainly from net proceeds of $269.8 million from a public offering[262]. - The company recognizes potential need for additional capital to fund operations and acquisitions until sustained profitable operations are achieved[263]. - Foreign exchange risk related to cash and cash equivalents as of March 31, 2021, indicates that a 5%, 10%, and 20% adverse change would result in declines of $0.8 million, $1.5 million, and $3.1 million, respectively[268]. Impact of COVID-19 - The company continues to monitor the evolving situation caused by the COVID-19 pandemic, which has temporarily impacted revenue growth[234].
Cryoport(CYRX) - 2021 Q1 - Earnings Call Transcript
2021-05-05 01:30
Cryoport, Inc. (NASDAQ:CYRX) Q1 2021 Results Conference Call May 4, 2021 5:00 PM ET Company Participants Todd Fromer - Managing Partner, KCSA Jerrell Shelton - CEO Robert Stefanovich - CFO Dr. Mark Sawicki - Chief Scientific Officer Thomas Heinzen - VP, Corporate Development and IR Conference Call Participants Matt Andrews - Jefferies Andrew D’Silva - B. Riley Paul Knight - KeyBanc David Saxon - Needham John Sourbeer - UBS Richard Baldry - ROTH Capital Partners Operator Thank you for standing by. This is th ...
Cryoport(CYRX) - 2020 Q4 - Earnings Call Transcript
2021-03-02 04:13
Cryoport, Inc. (NASDAQ:CYRX) Q4 2020 Earnings Conference Call March 1, 2021 5:00 PM ET Company Participants Todd Fromer - Managing Partner, KCSA Jerrell Shelton - Chief Executive Officer Robert Stefanovich - Chief Financial Officer Mark Sawicki - Chief Scientific Officer Thomas Heinzen - Vice President, Corporate Development & Investor Relations Conference Call Participants Puneet Souda - SVB Leerink Brandon Couillard - Jefferies Andrew D'Silva - B. Riley Securities Richard Baldry - ROTH Capital David Saxon ...
Cryoport(CYRX) - 2020 Q4 - Annual Report
2021-03-01 22:09
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-34632 CRYOPORT, INC. (Exact Name of Registrant as Specified in its Charter) Nevada 88-0313393 (State or other juris ...
Cryoport(CYRX) - 2020 Q3 - Earnings Call Transcript
2020-11-08 13:24
Cryoport, Inc. (NASDAQ:CYRX) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Todd Fromer - Managing Partner, KCSA Jerrell Shelton - Chief Executive Officer Robert Stefanovich - Chief Financial Officer Mark Sawicki - Chief Scientific Officer Thomas Heinzen - Vice President, Corporate Development & Investor Relations Conference Call Participants Andrew D'Silva - B. Riley Securities Joseph Conway - Needham & Company Operator Good day everyone, and welcome to the Cryoport Incor ...