Cryoport (NASDAQ:CYRX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$56.7m (flat on 3Q 2023).
• Net income: US$2.81m (up from US$15.3m loss in 3Q 2023).
• Profit margin: 5.0% (up from net loss in 3Q 2023).
• EPS: US$0.057 (up from US$0.31 loss in 3Q 2023).

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

Cryoport EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 7.5% 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 up 8.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cryoport has 1 warning sign we think you should be aware of.

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