other
confidence high
sentiment neutral
materiality 0.65
Cryoport expects MVE New Prague production resumption Feb 14; $4-5M Q1 revenue impact
Cryoport, Inc.
- Fire on Jan 25 at MVE Biological Solutions' New Prague facility halted production.
- Production expected to resume week of Feb 14, 2022; full production ramp during Q1.
- Revenue impact of $4-5 million limited to Q1 2022.
- Insurance expected to cover majority of restoration costs and business interruption.