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BioLife Solutions Announces 7th Consecutive Quarter of Record Revenue
Date:5/14/2012

BOTHELL, Wash., May 14, 2012 /PRNewswire/ -- BioLife Solutions, Inc. (OTCBB: BLFS), a leading developer, manufacturer and marketer of proprietary clinical grade hypothermic storage and cryopreservation freeze media for cells and tissues, and contract aseptic media manufacturer, today announced record revenue for the first quarter of 2012.

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Summary of Q1 2012 Achievements

  • Revenue and BioLife's customer base continued to grow with shipments of the core products, CryoStor®, HypoThermosol®, and BloodStor® to customers in the Company's key market segments of biobanking, drug discovery and regenerative medicine. Revenue to direct customers increased 84% compared to the first quarter of 2011 and 15% sequentially over the fourth quarter of 2011.
  • Gross margin increased to a record level of 59% of revenue in the first quarter, due to improved utilization of BioLife's manufacturing facility.
  • The Company executed an amendment to its curr
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  • SOURCE BioLife Solutions, Inc.
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