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BioLife Solutions Announces 2012 Full Year Results; 10th Consecutive Quarter of Record Revenue
Date:4/1/2013

or that are not a statement of historical fact.  Any forward-looking statements in this news release are based on current expectations and beliefs and are subject to numerous risks and uncertainties that could cause actual results to differ materially. Some of the specific factors that could cause BioLife Solutions' actual results to differ materially are discussed in the Company's recent filings with the Securities and Exchange Commission.  BioLife Solutions disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.  Media Relations:Investor Relations:Len Hall

Matt ClawsonAllen & Caron Inc

Allen & Caron Inc(949) 474-4300

(949) 474-4300len@allencaron.com

matt@allencaron.com BioLife Solutions, Inc.Statement of OperationsThree MonthsEnded December 31,YearEnded December 31,2012201120122011RevenueProduct sales

$

2,043,221$

804,564$

5,642,990$

2,738,729Licensing revenue5,0005,00020,00020,000Total revenue2,048,221809,5645,662,9902,758,729Cost of product sales1,296,663352,5003,370,5711,355,571Gross profit751,558457,0642,292,4191,403,158Operating expensesResearch and development109,801125,368463,638516,454Sales and marketing239,42869,197619,202267,080General and administrative709,965473,0852,151,8171,829,307Total operating expenses1,059,194667,6503,234,6572,612,841Operating loss(307,636)(210,586)(942,238)(1,209,683)Other income (expenses)Other income ––394,25346Interest expense(185,556)(173,528)(733,430)(670,986)Gain (loss) on disposal of equipment––283368(1,613)Amortization of deferred financing costs(18,396)(27,342)(78,539)(74,403)Total other income (expenses)(203,952)(200,584)(717,348)(746,956)Net Loss

$

(511,588)$

(411,170)$

(1,659,586)$


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SOURCE BioLife Solutions, Inc.
Copyright©2012 PR Newswire.
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