Strong Revenue Growth
Total revenue increased by 30% year-over-year, with cell processing revenue up 33%. This marks the sixth consecutive quarter of revenue growth.
Enhanced EBITDA Margin
Adjusted EBITDA margin expanded to 24%, up from 14% in the prior year, demonstrating strong operational efficiency.
Acquisition of PanTHERA CryoSolutions
The acquisition expands BioLife's biopreservation portfolio and enhances scientific capabilities, reinforcing its leadership in bioproduction consumables.
Strong Financial Position
BioLife ended the quarter with over $100 million in cash, providing a solid foundation for future growth.
Reaffirmed Financial Guidance
BioLife reaffirmed its full-year revenue guidance of $95.5 million to $99 million, with expected growth led by the cell processing platform.