earnings
confidence high
sentiment neutral
materiality 0.55
Cryo-Cell Q3 2021 revenue down 8% to $7.5M; net income $857K
CRYO CELL INTERNATIONAL INC
2021-Q3 EPS reported
$0.33
revenue$21,569,464
- Revenue $7.5M vs $8.1M YoY; processing/storage fees $7.3M, public banking $159K.
- Net income $857K ($0.10 per share) vs $784K ($0.10) in Q3 2020.
- Cost of sales +4%, SG&A +3% due to $167K for Cellular Therapies Institute and $131K Duke patent license expenses.
- Recorded $325K decrease in fair value of contingent consideration liability for Cord:Use earn-out.
- No guidance provided; company highlights transformation into cellular therapy company.