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Mar 31, 2020
BioLife Q1 2020 Earnings Report
BioLife Solutions experienced substantial revenue growth, driven by increased demand for biopreservation media and strategic capital investment.
Key Takeaways
BioLife Solutions reported a strong first quarter with a 111% year-over-year increase in total revenue, reaching $12.2 million. The company also secured a $20 million investment from Casdin Capital to bolster its growth strategy.
Total revenue increased by 111% year-over-year, reaching $12.2 million.
Biopreservation media revenue increased by 50% year-over-year and accounted for 71% of total revenue.
The company gained 40 new customers, indicating strong market adoption of its products.
Casdin Capital invested $20 million to accelerate the company's consolidation strategy.
Revenue by Segment
Forward Guidance
Due to uncertainty regarding the impact of COVID-19, BioLife withdrew its financial guidance for 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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