BioLife Solutions (BLFS) Tops Q1 EPS by 8c

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Go back to BioLife Solutions (BLFS) Tops Q1 EPS by 8c

BioLife Solutions Reports First Quarter 2022 Financial Results

May 9, 2022 4:03 PM EDT

Revenue of $36.2 million increased 115% over Q1 2021, with organic revenue growth of 45% and biopreservation media revenue growth of 53%

Affirms 2022 revenue guidance of $159.5 million to $171.0 million, reflecting year-over-year growth of 34% to 44% and organic growth of 28% to 39%

Sequential Improvement in Gross Margin and Adjusted EBITDA; on track for Continued Improvement in 2022, including positive adjusted EBITDA for the full year

Senior Management and Board to accept shares in lieu of a portion of cash compensation to signal confidence in the business

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