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Stock impact report

CryoPort Inc (CYRX) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges [Yahoo! Finance]

CryoPort, Inc. (CYRX) 
NASDAQ:AMEX Investor Relations: ir.cryoport.com
Company Research Source: Yahoo! Finance
Positive Points CryoPort Inc ( NASDAQ:CYRX ) achieved total annual revenues of $228.4 million in 2024, aligning with expectations. The life sciences service business experienced double-digit year-over-year growth, with bio storage and bioservices showing significant expansion. Revenue from commercial cell and gene therapies increased by 37% in Q4 and 20% for the full year. CryoPort Inc ( NASDAQ:CYRX ) supported a record number of 701 clinical trials, indicating potential commercial revenue opportunities. The company improved its gross margin to 45.8% in Q4 2024, up from 40.6% in the same period last year. Negative Points 2024 was a challenging year for the life sciences sector due to macroeconomic conditions and market dynamics. The cryogenic systems market experienced a downturn, impacting the company's product segment. There is uncertainty regarding the impact of tariffs on aluminum and stainless steel, which could affect costs. The company has not provided spec Show less Read more
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