BioLife Solutions (NASDAQ:BLFS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$30.6m (down 8.3% from 3Q 2023).

• Net loss: US$1.70m (loss narrowed by 94% from 3Q 2023).

• US$0.037 loss per share (improved from US$0.67 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BioLife Solutions Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 9.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for BioLife Solutions that you should be aware of.

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