Cryoport, Inc. (CYRX) Reports Q1 Loss of $1.31

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Cryoport Reports 53% Revenue Growth for the First Quarter of Fiscal Year 2016

August 6, 2015 8:01 AM EDT

LAKE FOREST, Calif., Aug. 6, 2015 /PRNewswire/ -- Cryoport, Inc. (NASDAQ: CYRX) today announced financial results for the three-month period ended June 30, 2015.

"We are pleased to announce a 53% increase in revenue for our fiscal first quarter compared to the same period last year, as well as a 19% increase in revenue sequentially. This growth is attributable to our ever-increasing roster of customers in the life sciences industry that are implementing or expanding use of our cryogenic logistics solutions. In addition, we believe there is... More