Navigation Links
BioLife Solutions Announces 2012 Third Quarter Results: Ninth Straight Quarter of Record Revenue
Date:11/13/2012

recent investments to expand our manufacturing capacity, we are well positioned to support the immense future growth of the tissue engineering and cellular therapy field while providing a best-in-class, trusted supply chain that is considered so critical to the clinical programs of our customers."

Third Quarter 2012 Financial ResultsTotal revenue for the third quarter of 2012 was $1.7 million, compared to $0.7 million in the same period of 2011. The increase of 135% from 2011 to 2012 was due primarily to contract manufacturing revenue and higher sales to customers in the cell and tissue banking and regenerative medicine market segments.

Gross margin in the quarter was 35.4% compared to 51.7% in the same quarter last year. The reduction in gross margin was attributable to higher cost of sales on contract manufacturing revenue and higher personnel and other costs included in cost of goods sold related to the expansion of the Company's facilities and production capacity.

Operating expenses in the third quarter were $744,000 compared with $655,000 in the third quarter of 2011 primarily attributable to increases related to strategic hires in all departments, partially offset by lower legal costs.

Other income/expense is primarily related to interest expense on the Company's notes payable.

For the third quarter, the Company reported a net loss of $352,000, or $(0.01) per share, a significant improvement over the third quarter of 2011 net loss of $479,000, or $(0.01) per share. Loss from operations in the quarter also improved to $149,000, compared to the $285,000 loss from operations in the third quarter of 2011.

Outlook for 2012Management is increasing its revenue guidance to $5.0 million for the full year 2012, based on the expectation of higher sales to its contract-manufacturing customers. The Company also expects steady increases in revenue from existing and new customers in the regenerative medicine market segment, as wel
'/>"/>

SOURCE BioLife Solutions, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. BioLife Solutions Launches Search Engine Optimized Website and 1,000 Free Samples Offer
2. BioLife Solutions 2011 Revenue Up 33%
3. BioLife Solutions Adds Clinical and Commercialization Experts to Scientific Advisory Board
4. Improved Cord Blood Processing Research on BioLife Solutions CryoStor® Published in TRANSFUSION
5. BioLife Solutions Completes Corporate Facilities Expansion, Build-Out of Additional cGMP Clean Room Manufacturing Suite
6. BioLife Solutions Announces 2012 Second Quarter Results: Eighth Straight Quarter of Record Revenue
7. BioLife Solutions Announces Presentation at IBC Inaugural Cell Therapy Clinical Development Conference
8. Chandler Chicco Companies Acquires Haas & Health Partner Public Relations and SanCom Creative Communication Solutions, Creating Unrivalled Healthcare Communication Capability in Germany
9. ZyGEM and USAMRIID Sign CRADA for Development of Simplified Sample Processing Solutions for Biothreat Agents
10. Elsevier Acquires QUOSA, Provider of Life Sciences Content Management and Workflow Productivity Solutions
11. Dyadic International Partners with Leading Provider of Nutritional Ingredient Solutions for Production of Food Enzymes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2014)... “This kit has an improved extraction efficiency ... to 150 ppb,” said Mark Tess, PhD, Mycotoxin Product Manager ... plant owners and USDA-GIPSA inspection agencies that have a need ... take place in a matter of minutes with nothing but ... the feed and grain before accepting it, but they no ...
(Date:8/28/2014)... August 28, 2014 The ability for ... culture that will allow individuals to perform at the ... important for employers looking to compete in this post–recession ... embracing this trend, as the sector increasingly focuses on ... company, which will have real results on the organization's ...
(Date:8/28/2014)... 2014  Armetheon, Inc. ( www.armetheon.com ), a ... late-stage cardiovascular drug candidates, today announced that it ... of financing. The Series A round was co-led ... participation from investors that included Atheneos Capital and ... Larry Hsu , the founder of Impax Laboratories. ...
(Date:8/28/2014)... Earlier this month, a report was ... the U.S. Air Force on the performance of vehicles ... this type of fuel made from mustard seeds, offered ... to America’s Eco friendly future. In fact, every branch ... become independent of foreign oil over the next few ...
Breaking Biology Technology:Klein Hersh International Leads Philadelphia Area Life Science Industry in Company Culture 2Klein Hersh International Leads Philadelphia Area Life Science Industry in Company Culture 3Armetheon Completes $7.0 Million Series A Financing 2Armetheon Completes $7.0 Million Series A Financing 3Can Small Farmers and a New Seed Based Biofuel “Green” the World? Major Universities and Even the U.S. Air Force Seem to Think So 2Can Small Farmers and a New Seed Based Biofuel “Green” the World? Major Universities and Even the U.S. Air Force Seem to Think So 3Can Small Farmers and a New Seed Based Biofuel “Green” the World? Major Universities and Even the U.S. Air Force Seem to Think So 4Can Small Farmers and a New Seed Based Biofuel “Green” the World? Major Universities and Even the U.S. Air Force Seem to Think So 5
... the majority of the genome sequence of the domesticated ... Tech faculty members. The research team will publish ... gallopavo ): Genome Assembly and Analysis" in the journal ... Sept. 7, 2010. "To date, more than 90 ...
... that a new market research report is available ... Market in US -2013 ... in US 2009-2013 report by Technavio Insights forecasts ... CAGR of 7.7 percent, with Blood Modifiers accounting ...
... YORK, Sept. 7 Reportlinker.com announces that a ... catalogue: Nanobiotechnologies- applications, markets and ... SummaryNanotechnology is the creation and utilization ... of matter on the nanometer-length scale (a nanometer ...
Cached Biology Technology:Virginia Tech researchers contribute to turkey genome sequencing 2Virginia Tech researchers contribute to turkey genome sequencing 3Reportlinker Adds Biotechnology Pharmaceutical Market in US -2013 2Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 2Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 3Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 4Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 5Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 6Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 7Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 8Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 9Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 10Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 11Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 12Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 13Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 14Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 15Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 16Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 17Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 18Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 19Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 20Reportlinker Adds Nanobiotechnologies- Applications, Markets and Companies 21
(Date:8/28/2014)... handful of bacterial culprits that may drive inflammatory bowel ... using patients, own intestinal immune responses as a guide. ... journal Cell . , Trillions of bacteria exist ... role in the development and progression of IBD. Yet ... species affect a person,s susceptibility to IBD and its ...
(Date:8/28/2014)... Research Careers) Program has announced the travel award recipients ... 18 22, 2014 in San Diego, California. ... students, post doctorates and scientists from underrepresented groups into ... encourage the participation of young scientists at the American ... 16 awards totaling $29,600., The FASEB MARC Program is ...
(Date:8/28/2014)... of peer groups and clinicians is critical to ... recent University of Georgia research. , A qualitative ... area determined that role models for successful breastfeeding ... infants. , "Mothers who received that support are ... study co-author Alex Anderson, an associate professor in ...
Breaking Biology News(10 mins):Yale study identifies possible bacterial drivers of IBD 2Breastfeeding study shows need for effective peer counseling programs 2
... humans more susceptible to the potentially fatal West Nile ... according to scientists at the University of Adelaide , ... has now been confirmed as increasing the vulnerability of horses ... by Professor David Adelson (University of Adelaide) and ...
... a warmer climate will increase river runoff to the Baltic ... new extensive study from the University of Gothenburg reveals that ... reduce river runoff and increase salinity in the Baltic Sea. ... ecosystem," says researcher Daniel Hansson. The Baltic is a ...
... Blue Warbler journey from tropical Caribbean or South American ... will they call home this year? And, how can ... studying biodiversity and conservationists preserving habitats have asked these ... and imprecise means to answer them. Now a team ...
Cached Biology News:Mutant gene link to West Nile virus in horses 2Warmer climate makes Baltic more salty 2Lasers help researchers predict birds' preferred habitat 2Lasers help researchers predict birds' preferred habitat 3
... VIP (6-28) (human, bovine, ... Intestinal Peptide (VIP) receptor antagonist. ... found to be twofold more ... VIP receptor antagonists. ...
Request Info...
... mini Tray (3 per pack), 1. ... and blot processing.Automated staining of Coomassie ... and nucleic acid analysis.Prepares blots for ... detection.Programmable control of protocol, solution, volume, ...
... High quality kits and reagents ... give consistent and reliable 2-D ... up samples from contaminants.Efficiently dialyze ... protein for first-dimension isoelectric focusing.Reagents ...
Biology Products: