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NASHVILLE, Tenn. - Cryoport, Inc. (NASDAQ: CYRX), a $332 million market cap provider of supply chain solutions in the life sciences sector, has introduced the MVE Biological Solutions’ High-Efficiency 800 C cryogenic freezer. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 5.29, despite challenging market conditions. This product, part of the High-Efficiency Series, is designed to enhance the storage capabilities of fertility clinics, biorepositories, and clinical laboratories.
The HE 800 C freezer is engineered to offer ultra-low temperature storage at -190°C, which is critical for maintaining the integrity of sensitive biological materials. The freezer can store over 22,000 ½cc straws and is designed with ergonomic features for practical and space-efficient use. Its compatibility with SUC-1 inventory management systems aims to simplify sample organization and retrieval, enhancing workflow and efficiency in labs.
Jerrell Shelton, CEO of Cryoport, emphasized the freezer’s balance between high-capacity preservation and a user-friendly design. Mike Duich, President and CEO of MVE Biological Solutions, also highlighted the freezer’s reliability and intuitive operation, which supports medical researchers and clinicians in their work.
Cryoport, headquartered in Nashville, Tennessee, operates globally with over 50 locations in 17 countries. The company focuses on supporting the life sciences industry, particularly in cell and gene therapies, by providing a range of supply chain solutions, including temperature-controlled packaging, bio-logistics services, bio-storage, and cryogenic systems. With annual revenue of $228 million and a gross margin of 43.6%, the company maintains a significant presence in the life sciences supply chain sector. For deeper insights into Cryoport’s financial health and growth potential, InvestingPro subscribers have access to over 30 additional key metrics and exclusive analysis.
The launch of the HE 800 C freezer is part of Cryoport’s ongoing efforts to address the evolving needs of the life sciences industry. While operating with moderate debt levels, the company currently appears undervalued according to InvestingPro Fair Value analysis. However, the company cautions that forward-looking statements in the press release are not guarantees of future performance and actual results could differ materially due to various risks and uncertainties.
This news is based on a press release statement from Cryoport, Inc.
In other recent news, Cryoport Inc. reported its financial results for the fourth quarter of 2024, revealing a larger-than-expected loss per share of -0.42, missing the forecast of -0.29. Despite the earnings per share miss, the company exceeded revenue expectations, achieving $59.53 million against the projected $58.64 million. The company has set a revenue guidance of $240-$250 million for 2025, with expectations of high growth in commercial cell and gene therapy revenue. Additionally, Cryoport is targeting a return to positive adjusted EBITDA in 2025, driven by growth in life sciences services and new product launches.
In other developments, Jefferies analyst Matthew Stanton adjusted the price target for Cryoport, reducing it to $6.50 from $8.00, while maintaining a Hold rating. Stanton highlighted that Cryoport’s fourth-quarter performance and 2025 revenue guidance are encouraging, though he emphasized the need for clarity on the company’s growth trajectory and margin improvement strategy. The company’s gross margin improved to 45.8% from 40.6% the previous year, and its Life Sciences Services segment grew to represent 67% of total revenue. These recent developments have sparked interest among investors as they assess Cryoport’s future prospects and stability in the market.
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