Cryoport Reports 2020 Second-Quarter Results

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Go back to Cryoport Reports 2020 Second-Quarter Results

Cryoport (CYRX) Misses Q2 EPS by 4c, Revenues Beat

August 6, 2020 5:30 PM EDT

Cryoport (NASDAQ: CYRX) reported Q2 EPS of ($0.15), $0.04 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $9.39 million versus the consensus estimate of $8.93 million.

"For the Second Quarter of 2020, we reported revenue of $9.4 million, an increase of 11% from the Second Quarter of 2019. This was largely driven by revenue from our biopharma segment. We are pleased to have achieved these solid results and to have provided advanced temperature-controlled supply chain services to deliver high-value therapies to eligible patients across our clinical and commercial portfolios globally and without disruption," said Jerrell Shelton,... More