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:9/4/2015)... ... September 04, 2015 , ... ... the BioBot 1, at the 2015 TERMIS World Congress in Boston. The launch ... biomedical engineering institutions around the world. The printer is revolutionary for its compact ...
(Date:9/4/2015)... San Francisco, CA (PRWEB) , ... September 04, ... ... in the delivery of product safety and pharmacovigilance services and software tools to ... software application, PRIMO Mobile by Allergan Japan. PRIMO Mobile is a mobile data ...
(Date:9/3/2015)... ... ... The latest addition to the Mettler-Toledo PCE portfolio is the newly developed ... and healthcare industry can use the LSS to print track-and-trace labels for their products ... be fully integrated into the production line and is also available as a compact ...
(Date:9/3/2015)... ... September 03, 2015 , ... ... 18 months ago. Conventional treatment and therapy were not working so Zach decided ... 2015. Dr. McKenna treated Zack with precisely guided injections of bone marrow aspirate ...
Breaking Biology Technology:BioBots to Debut Desktop 3D Bioprinter for Living Tissue at TERMIS Global Tissue Engineering Conference in Boston 2BioBots to Debut Desktop 3D Bioprinter for Living Tissue at TERMIS Global Tissue Engineering Conference in Boston 3BioBots to Debut Desktop 3D Bioprinter for Living Tissue at TERMIS Global Tissue Engineering Conference in Boston 4November Research Group’s PRIMO Mobile Goes Live at Allergan Japan 2Print and Verify Labels On The Production Line With New Label Serialization Stations 2Print and Verify Labels On The Production Line With New Label Serialization Stations 3UCLA Wide Receiver and Canadian Decathlon Standout Zack Bornstein Bounces Back After Stem Cell Therapy at Riordan-McKenna Institute 2UCLA Wide Receiver and Canadian Decathlon Standout Zack Bornstein Bounces Back After Stem Cell Therapy at Riordan-McKenna Institute 3
... FRANCISCO, Calif., May 8 Exelixis,Inc. (Nasdaq: EXEL ... chief executive officer of Exelixis, will present at the ... ET/8:40 a.m. PT on,Tuesday, May 13, 2008. Dr. Scangos ... strategy., The presentation will be webcast and may ...
... N.J., May 8 BioSpace, the world,s ... career fair company, unveiled,this morning the 2008 ... in North Carolina., (Photo: http://www.newscom.com/cgi-bin/prnh/20080508/CLTH087 ... ), This unique campaign highlights the ...
... Clinical Sciences (ICS) Advisory,Services Corporation announced today ... (IP) platform. This Platform suite offers content ... Alliance Business,Review, and a Health IT Review, ... and enabling technologies underlying the growth of ...
Cached Biology Technology:BioSpace Launches 6th Edition of Bio NC(TM) Hotbed Campaign 2IC Sciences Announces Launch of ICS Advisory Services Intellectual Property Platforms Available Through ICSciences Alliance 2IC Sciences Announces Launch of ICS Advisory Services Intellectual Property Platforms Available Through ICSciences Alliance 3
(Date:9/2/2015)... Sept. 2, 2015 About hand geometry biometrics ... banks, government organizations, telecommunication and hospitals as well as ... badges, and numeric keypads are used to prevent unauthorised ... palm and fingers of an individual, width of the ... with infrared light and reflectors can be used for ...
(Date:9/2/2015)... , Sept. 2, 2015 Security ... concern for enterprises, banks, government organizations, telecommunications, hospitals, ... numeric keypads were previously being used to prevent ... of two-factor authentication, wherein individuals could gain access ... different components, such as hardware devices and numeric ...
(Date:9/2/2015)... Biometric technology ... system which uses identical human characteristic such as ... and finger print. Increasing number of terror attacks ... which provides high level of security. Traditional security ... are vulnerable to attacks. Furthermore, Biometric technology uses ...
Breaking Biology News(10 mins):Global Hand Geometry Biometrics Market 2015-2019 2Global Hand Geometry Biometrics Market 2015-2019 3Global Biometrics Spending Market in the Government Sector 2015-2019 2Global Biometrics Spending Market in the Government Sector 2015-2019 3Biometrics Technology Market is Expected to Reach $13.8 Billion by 2015: Hexa Research Inc. 2Biometrics Technology Market is Expected to Reach $13.8 Billion by 2015: Hexa Research Inc. 3Biometrics Technology Market is Expected to Reach $13.8 Billion by 2015: Hexa Research Inc. 4
... persist by depositing their genetic information (DNA) in the ... This prevents antiviral drugs from eliminating these viruses. But ... damaging the infected cell in the liver. In the ... the scientists report that now new therapeutic possibilities are ...
... temperature of our planet increases. This is particularly important ... (ectothermic), including insects. Their body temperature is ultimately determined ... to the speed and efficiency of their vital biological ... or frequency of extreme temperature conditions that have the ...
... by a Wits University scientist has overturned a long-standing ... distinct species in the course of evolution), suggesting that ... than was previously thought. Unlike humans and most ... genes in fact some plants, called polyploids, can ...
Cached Biology News:Degradation of viral DNA in the cell nucleus is opening up new treatment 2Extreme weather decides distribution of insects 2Extreme weather decides distribution of insects 3
... Prelude Workstation fully automates pharmaceutical sample ... extraction, sample transfer, mixing and dilutions. ... UV detection. The Prelude performs these ... CFR Part 11. The Prelude ...
... Series Systems provide fast and reliable ... proteomics and drug development laboratories. Staccato ... customer specifications, providing solutions that are ... Staccato Custom Systems are controlled with ...
Comp Dim: chamber L W D 45 45 0.8 mm chamber maximum volume 1500 μL...
... medium binding) polystyrene surface is hydrophobic ... passive interactions,• Is suitable primarily for ... as antibodies, that have large hydrophobic ... surface,• Binding capacity of approximately 250 ...
Biology Products: