Temperature - Controlled Supply Chain
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Cryoport to Report Second Quarter 2025 Financial Results on August 5, 2025
Prnewswire· 2025-07-22 12:00
Core Viewpoint - Cryoport, Inc. is set to report its financial results for the second quarter of 2025 on August 5, 2025, after U.S. markets close, highlighting its ongoing commitment to transparency and communication with investors [1][2]. Financial Reporting - The earnings release will be accompanied by a document titled "Cryoport Second Quarter 2025 in Review," which will provide insights into the company's financial and operational performance, as well as a general business update [2]. - A conference call will be held on the same day at 5:00 p.m. ET, allowing the investment community to ask questions regarding the reported results [3]. Conference Call Details - The conference call will be accessible via dial-in numbers for both U.S. and international participants, with a confirmation request for the "Cryoport Call" or Conference ID: 1197564 [4]. - A recording of the Q&A session will be available approximately three hours after the live event, with a dial-in replay option available until August 12, 2025 [5]. Company Overview - Cryoport, Inc. is recognized as a global leader in temperature-controlled supply chain solutions for the life sciences, focusing on regenerative medicine [6]. - The company offers a comprehensive suite of services and products designed to minimize risk and maximize reliability across the temperature-controlled supply chain, including advanced packaging, informatics, and biostorage solutions [6]. - Headquartered in Nashville, Tennessee, Cryoport maintains a strong global presence with operations across the Americas, EMEA, and APAC [6].
Cryoport Completes CRYOPDP Divestiture and Commences Strategic Partnership with DHL Group
Prnewswire· 2025-06-12 12:00
Core Insights - Cryoport, Inc. has completed the divestiture of its specialty courier business, CRYOPDP, to DHL Group for approximately $200 million in cash [1][4] - A strategic partnership has been established between Cryoport and DHL to enhance supply chain services in the global life sciences and healthcare sector [2][3] Financial Impact - The divestiture provides a significant capital infusion, improving Cryoport's growth trajectory and positioning the company for sustainable, long-term profitability [4] Strategic Focus - The partnership with DHL is expected to enhance Cryoport's capabilities in the Asia Pacific and EMEA regions, allowing for targeted services in response to market demand [3] - Cryoport aims to intensify its focus on advancing its Life Science Services platform, particularly in the regenerative medicine market [3] Company Overview - Cryoport is a leader in temperature-controlled supply chain solutions for the life sciences, emphasizing regenerative medicine [5] - The company offers a comprehensive suite of services designed to minimize risk and maximize reliability across the temperature-controlled supply chain [5]
Cryoport Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-07 20:05
Core Viewpoint - Cryoport, Inc. reported a strong start to 2025 with a revenue of $41.0 million for Q1, reflecting a 10% year-over-year growth, and expressed optimism for the full year due to stabilizing order patterns and increased engagement in its Life Sciences Services segment [2][6][19]. Financial Performance - Total revenue from continuing operations for Q1 2025 was $41.0 million, up from $37.3 million in Q1 2024, marking a 10.1% increase [14]. - Life Sciences Services revenue, which constituted 56% of total revenue, reached $22.9 million, a 17.3% increase year-over-year [14]. - Life Sciences Products revenue, representing 44% of total revenue, was $18.2 million, showing a 2.1% increase compared to the previous year [14]. - Adjusted EBITDA for Q1 2025 was a negative $2.8 million, an improvement from a negative $6.7 million in Q1 2024 [16][38]. - The net loss for Q1 2025 was $12.0 million, compared to a net loss of $18.9 million in Q1 2024 [24]. Business Segments - Revenue from commercial Cell & Gene therapies increased by 33% year-over-year, totaling $7.2 million [8][9]. - Life Sciences Services revenue increased by 17% year-over-year, driven by the development and commercialization of Cell & Gene-based therapies [3][9]. - BioStorage/BioServices revenue grew by 23% year-over-year, indicating strong demand for these services [7]. Strategic Developments - Cryoport announced a strategic partnership with DHL Group, which includes the anticipated acquisition of CRYOPDP, expected to close in Q2 or Q3 2025 [5][11]. - The partnership is expected to enhance operational reach in the APAC and EMEA regions and provide a strong infusion of capital [5][11]. Market Position and Outlook - The company supports 711 global clinical trials as of March 31, 2025, an increase of 36 trials from the previous year [9]. - The company anticipates continued growth in the regenerative medicine space and aims to return to positive adjusted EBITDA during 2025 [6][19].