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Stock impact report

Cryoport Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

CryoPort, Inc. (CYRX) 
NASDAQ:AMEX Investor Relations: ir.cryoport.com
Company Research Source: Yahoo! Finance
Supported a record total of 691 global clinical trials as of September 30, 2024 Company reaffirmed full year 2024 revenue guidance of to $235 million NASHVILLE, Tenn. Nov. 7, 2024 /PRNewswire/ -- Cryoport, Inc. (NASDAQ: CYRX) (Cryoport), a global leader in supply chain solutions for the life sciences industry, today announced financial results for its third quarter (Q3) and first nine months ( 9M ) of 2024. Jerrell Shelton , CEO of Cryoport, remarked, "Our Life Sciences Services business showed 9% growth during the third quarter, with BioStorage/BioServices revenue increasing by 12% compared to the third quarter of last year. The increase in our services revenue was coupled with a substantial improvement in gross margin to 46% for our services business. "Reflecting on our performance through the third quarter, we are maintaining our full-year revenue forecast of $225 million to $235 million , anticipating continued growth in our services business while acknowledging the ongoi Show less Read more
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