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Cryoport, Inc. (CYRX) Q3 2024 Earnings Call Transcript Summary

Cryoport, Inc. (CYRX) Q3 2024 Earnings Call Transcript Summary

Cryoport公司(CYRX)2024年第三季度業績會成績單摘要
富途資訊 ·  11/09 18:04  · 電話會議

The following is a summary of the Cryoport, Inc. (CYRX) Q3 2024 Earnings Call Transcript:

以下是Cryoport公司(CYRX)2024年第三季度業績會交易摘要:

Financial Performance:

財務表現:

  • Cryoport reported revenue growth in their Life Sciences Services business by 9% in Q3, with BioStorage and BioServices revenue up by over 12% from the previous year.

  • The company maintained its full-year revenue guidance between $225 million and $235 million.

  • Gross margin for Life Sciences Services improved to 46%.

  • The company achieved positive cash flow and an improvement in adjusted EBITDA during the quarter.

  • Cryoport報告其生命科學服務業務在第三季度實現了9%的營業收入增長,其中BioStorage和BioServices的營業收入較去年同期增長超過12%。

  • 公司將全年營業收入指引維持在22500萬至23500萬之間。

  • 生命科學服務的毛利率提高到46%。

  • 公司在本季度實現了正現金流和調整後的EBITDA改善。

Business Progress:

業務進展:

  • Cryoport launched the IntegriCell cryopreservation solution, a part of its expanding cryopreservation services, alongside opening a new state-of-the-art facility in Houston.

  • The newly operational CRYOGENE biorepository in San Antonio commenced operation, serving its first major cord blood repository client.

  • The company continues to gain traction with nine high-value contracts awarded during Q3 worth over $6 million annually.

  • Cryoport推出了IntegriCell冷凍保存解決方案,作爲其不斷擴大的冷凍保存服務的一部分,同時在休斯頓開設了一家新的最先進設施。

  • 位於聖安東尼奧的新CRYOGENE生物庫已開始運營,爲其首個重要臍帶血庫客戶提供服務。

  • 公司在第三季度繼續獲得動力,已簽署了九份價值超過600萬美元的高價值合同。

Opportunities:

機會:

  • Cryoport's Life Sciences Services is expected to see ongoing growth, particularly driven by the expanding market for cell and gene therapies.

  • Cryoport is well-positioned to capitalize on growing demand for biopharma supply chain solutions, projecting further revenue increases from newly commercialized therapies.

  • cryoport的生命科學服務預計將持續增長,特別受到細胞和基因療法市場擴大的推動。

  • cryoport處於有利地位,能夠利用生物製藥供應鏈解決方案需求增長,預計能從新商業化療法中進一步增加收入。

Risks:

風險:

  • Continued market challenges in the Life Sciences Product business, with product demand remaining subdued.

  • The cryogenic systems market, particularly MVE Biological Solutions, faces a slow recovery and unpredictable demand patterns.

  • 生命科學產品業務仍面臨持續的市場挑戰,產品需求仍然低迷。

  • 低溫系統市場,特別是MVE生物解決方案,面臨緩慢復甦和需求模式不確定性。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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