earnings
confidence high
sentiment positive
materiality 0.60
Record Q1 revenue of $62.8M, up 20% YoY; net loss narrows to $0.16/share
Cryoport, Inc.
2023-Q1 EPS reported
-$0.16
revenue$62,817,000
- Revenue $62.8M, +20% YoY (+23% constant currency); Biopharma/Pharma +19%, Animal Health +30%, Reproductive Medicine +13%.
- Net loss attributable to common stockholders $7.6M ($0.16/share) vs $15.4M ($0.31) YoY; adjusted EBITDA $2.9M vs $2.0M.
- Commercial cell and gene therapy revenue +28% YoY; supports 652 clinical trials (82 Phase 3) and 10 commercial therapies.
- Cash and short-term investments $522.6M; FY 2023 revenue guidance reaffirmed at $270-290M.
- New partnerships with Syneos Health (jan 2023), Inception Fertility (Mar 2023), and Boston IVF (Apr 2023).