BioLife Solutions Inc (BLFS)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	45,126	35,951	-28,326	62,545	23,366
Revenue	US$ in thousands	97,977	142,625	160,996	118,837	48,087
Gross profit margin		46.06%	25.21%	-17.59%	52.63%	48.59%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $45,126K ÷ $97,977K
= 46.06%

BioLife Solutions Inc's gross profit margin has displayed fluctuations over the years. In December 2020, the gross profit margin stood at 48.59%, showing a moderate level of profitability. This margin improved significantly by December 2021, reaching 52.63%, indicating enhanced efficiency in generating profit from sales.

However, in December 2022, the gross profit margin dropped to -17.59%, signaling a concerning situation where the cost of goods sold exceeded the revenue generated from sales. This negative margin suggests potential issues with cost management or pricing strategies during that period.

By December 2023, the gross profit margin recovered to 25.21%, showing a partial improvement compared to the previous year. This uptrend indicates efforts to streamline operations and enhance profitability.

In December 2024, the gross profit margin increased further to 46.06%, indicating a stronger performance in generating profit relative to the cost of goods sold. This improvement suggests potential enhancements in pricing strategies, cost controls, or operational efficiency, leading to better profitability for BioLife Solutions Inc.

Overall, the fluctuating trend in gross profit margins highlights the importance of closely monitoring cost structures, pricing strategies, and operational efficiencies to sustain and improve profitability over time.