NASDAQ$CYRX
CryoPort Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Cryoport experienced a difficult global environment in the first quarter, with disappointing results particularly for Life Sciences Products, but maintained full-year revenue guidance.
Cryoport reported disappointing Q1 2024 results, particularly in Life Sciences Products, due to a challenging global environment. However, the company maintains its full-year revenue guidance of $242 to $252 million, anticipating progressive improvement throughout the year. Despite softer than anticipated growth in Life Sciences Services revenue, the company sees positive indicators in the Cell & Gene Therapy market and is implementing initiatives to drive toward positive adjusted EBITDA and cash flow in the near term.
- Q1 revenue was impacted by a difficult global environment and decreased demand for Life Sciences Products.
- Life Sciences Services revenue growth was softer than anticipated, increasing 3% year-over-year.
- Cryoport is implementing initiatives to drive toward positive adjusted EBITDA and cash flow in the near term.
- Full-year revenue guidance is reiterated at $242 to $252 million, with expectations for progressive improvement throughout the year.
Headline financials
Revenue & EPS history
CryoPort · Revenue · Quarterly
$54.6M
Forward guidance
Cryoport is reiterating its full year 2024 revenue guidance of $242 - $252 million and continues to expect revenue to improve progressively throughout the year.
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 Q1 2024
+2.2%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+8.5%
Avg return
30 days after
49%
28 / 57 earnings
Positive
+31.6%
Q4 2013
Best reaction
-33.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +19.4% | +33.2% | +58.2% | |
| Q4 2025 | +2.9% | -4.7% | +3.3% | |
| Q3 2025 | -8.2% | -7.4% | +3.5% | |
| Q1 2025 | +23.4% | +23.3% | +23.7% | |
| Q4 2024 | +30.6% | -7.1% | +5.7% | |
| Q3 2024 | -3.6% | -0.9% | -8.6% | |
| Q2 2024 | +3.9% | +10.0% | +9.8% | |
| Q1 2024 | -17.5% | -16.7% | -30.6% | |
| Q4 2023 | -12.3% | -7.3% | +10.3% | |
| Q3 2023 | +8.9% | +8.4% | +46.7% | |
| Q2 2023 | -0.2% | +1.2% | -5.0% | |
| Q1 2023 | +13.9% | +4.5% | -6.3% | |
| Q4 2022 | +13.7% | +9.9% | +15.3% | |
| Q3 2022 | -33.8% | -35.7% | -26.5% | |
| Q2 2022 | +6.8% | +5.2% | -16.1% | |
| Q1 2022 | -8.5% | -14.6% | -2.8% | |
| Q4 2021 | +9.3% | +7.0% | +1.9% | |
| Q3 2021 | -1.0% | -1.2% | -22.8% | |
| Q2 2021 | -1.5% | -3.6% | +2.9% | |
| Q1 2021 | +9.0% | +11.6% | -2.4% | |
| Q4 2020 | -0.7% | -11.7% | -12.5% | |
| Q3 2020 | +5.0% | +24.2% | +12.8% | |
| Q2 2020 | -2.0% | -5.0% | +55.5% | |
| Q1 2020 | +2.0% | +17.0% | +22.6% | |
| Q4 2019 | +2.1% | +0.8% | -11.9% | |
| Q3 2019 | +1.4% | +3.9% | +5.6% | |
| Q2 2019 | +19.7% | +24.5% | +2.3% | |
| Q1 2019 | +12.5% | +12.5% | +17.7% | |
| Q4 2018 | -0.6% | +6.6% | +22.3% | |
| Q3 2018 | -1.0% | -9.4% | -2.0% | |
| Q2 2018 | -1.6% | -14.7% | -6.5% | |
| Q1 2018 | +11.8% | +23.0% | +67.4% | |
| Q4 2017 | +3.8% | +6.4% | -7.0% | |
| Q3 2017 | -15.1% | -22.9% | -10.5% | |
| Q2 2017 | -2.0% | +3.6% | +28.6% | |
| Q1 2017 | +8.2% | +9.0% | +46.9% | |
| Q4 2016 | +23.7% | +9.0% | +23.7% | |
| Q2 2016 | -7.5% | — | — | |
| Q1 2016 | +10.2% | — | — | |
| Q4 2015 | -3.0% | — | — | |
| Q3 2015 | +7.5% | — | — | |
| Q2 2015 | -14.4% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +6.4% | — | — | |
| Q3 2014 | -5.6% | — | — | |
| Q4 2013 | +31.6% | — | — | |
| Q3 2013 | -8.0% | — | — | |
| Q2 2013 | +5.3% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -3.1% | — | — | |
| Q3 2012 | -10.8% | — | — | |
| Q2 2012 | -8.0% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q1 2010 | +11.2% | — | — | |
| Q3 2009 | +1.4% | — | — | |
| Q2 2009 | -2.8% | — | — | |
| Q1 2009 | +0.0% | — | — |
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