BioLife Solutions Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

BioLife Solutions (NASDAQ:BLFS) Full Year 2024 Results

Key Financial Results

• Revenue: US$82.3m (down 43% from FY 2023).
• Net loss: US$11.4m (loss narrowed by 83% from FY 2023).
• US$0.25 loss per share (improved from US$1.52 loss in FY 2023).

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

BioLife Solutions EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 4.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on BioLife Solutions' balance sheet.

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