NASDAQ$BLFS

BioLife Solutions Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported stellar operational and financial results, gaining over 200 new direct customers and driving adoption of portfolio offerings.

BioLife Solutions reported a 78% increase in Q4 total revenue, reaching $14.7 million. Despite the COVID-19 pandemic, the company gained over 200 new direct customers and drove further adoption of its portfolio offerings. The acquisition of SciSafe Holdings, Inc. was completed on October 1, 2020.

  • Q4 total revenue increased by 78% to $14.7 million.
  • Biopreservation media revenue increased by 58% to $8.2 million.
  • Acquired SciSafe Holdings, Inc. on October 1, 2020.
  • Gained 213 new direct customers across the bioproduction tools and services portfolio.

Headline financials

Total Revenue

$14.7M

Previous: $8.3M+77.5%
EPS (adj)

-$0.01

Previous: $0.00
GAAP gross margin

50.0%

Previous: 62.0%-19.4%
Non-GAAP adjusted gross margin

54.0%

Previous: 65.0%-16.9%
GAAP operating loss

-$4.7M

Previous: -$1.2M-291.7%
Capital Expenditures

$1.59M

Previous: $319K+398.7%
Free Cash Flow

$666K

Previous: -$1.32M+150.4%
Net Income

-$2.1M

Previous: $481K-536.6%
Operating Income

-$4.7M

Previous: -$1.2M-291.7%
Gross Profit

$7.35M

Previous: $5.15M+42.8%
Cash & Equivalents

$90.5M

Previous: $18.5M+390.4%
Total Assets

$0.00

Previous: $103M-100.0%
Stock-Based Comp

$2.16M

Previous: $1.14M+90.4%

Revenue & EPS history

BioLife · Revenue · Quarterly

$14.7M

Q4 2020+77.5%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

BioLife · $22.7M total across 2 segments · Q4 2024

  • Cell Processing platform
    $20.3M
  • evo and Thaw platform
    $2.4M

Forward guidance

Total revenue for 2021 is expected to be in the range of $101 million to $110 million, reflecting year-over-year revenue growth of 110% to 129%.

Tailwinds

  • Expected contribution of $35 million to $37 million from the Stirling Ultracold product line.
  • Media revenue is expected to be between $38 million and $40 million, reflecting growth of 23% to 29% over 2020 and accounting for approximately 37% of total revenue.
  • Freezer and thaw systems revenue is expected to be between $50 million and $54 million, accounting for approximately 50% of total revenue.
  • Services revenue is expected to be between $13 million and $16 million, accounting for approximately 13% of total revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+4.3%

Avg return

30 days after

44%

22 / 50 earnings

Positive

+21.4%

Q3 2022

Best reaction

-34.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.3%-2.4%+22.4%
Q4 2025+8.0%-8.1%-17.3%
Q3 2025-4.2%-4.1%-5.8%
Q2 2025+10.0%+24.4%+28.2%
Q1 2025+4.0%-1.4%+6.0%
Q4 2024+2.1%+7.6%-0.9%
Q3 2024-9.4%-21.0%+0.5%
Q2 2024+14.5%+20.3%+7.9%
Q1 2024+8.9%+25.0%+13.2%
Q4 2023+5.1%-0.5%+8.5%
Q3 2023-5.7%+3.1%+14.2%
Q2 2023-29.7%-34.9%-30.3%
Q1 2023-2.9%+3.5%+20.6%
Q4 2022+0.2%+2.7%-7.4%
Q3 2022+21.4%+14.1%-4.6%
Q2 2022+13.7%+15.7%+25.6%
Q1 2022-3.8%+1.6%+18.3%
Q4 2021-0.3%+0.9%-3.7%
Q3 2021-6.0%+5.2%-30.3%
Q2 2021-1.8%-3.9%+12.0%
Q1 2021-2.1%+4.8%+25.1%
Q4 2020+8.3%-7.8%-14.7%
Q3 2020+5.8%+0.8%+21.6%
Q2 2020+0.3%-5.4%+5.6%
Q1 2020+3.0%+10.5%+1.5%
Q4 2019-34.5%-36.7%-27.8%
Q3 2019-12.8%-8.8%-7.4%
Q2 2019-6.2%+1.1%+7.7%
Q1 2019-2.4%+4.5%+8.8%
Q4 2018+10.7%+19.4%+5.5%
Q3 2018+15.0%-8.0%-7.8%
Q2 2018-4.8%-1.0%+2.3%
Q1 2018-3.7%+7.6%+23.5%
Q4 2017-4.4%-10.2%+22.4%
Q3 2017+18.0%+21.6%+8.2%
Q2 2017+3.8%+8.2%+30.6%
Q1 2017+3.7%-1.4%+7.8%
Q4 2016-5.0%-9.5%-7.7%
Q3 2016+0.7%+2.7%+5.4%
Q2 2016-2.4%-7.7%-15.9%
Q3 2012+10.0%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2011+0.0%
Q2 2011-14.3%
Q1 2011+0.0%
Q4 2010-11.1%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%

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