BioLife Solutions Inc (BLFS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 36,073 | 9,913 | 34,583 | -30,706 | -28,315 | 8,564 | 3,960 | 71,723 | 62,547 | 64,476 | 48,166 | 29,462 | 23,366 | -7,891 | -3,845 | 840 | 2,994 | 17,132 | 16,299 | 15,197 |
| Revenue (ttm) | US$ in thousands | 142,796 | 154,008 | 161,427 | 162,452 | 161,032 | 154,468 | 147,521 | 138,192 | 118,837 | 96,581 | 74,057 | 52,773 | 48,087 | 41,249 | 36,673 | 33,590 | 27,367 | 25,090 | 23,762 | 22,134 |
| Gross profit margin | 25.26% | 6.44% | 21.42% | -18.90% | -17.58% | 5.54% | 2.68% | 51.90% | 52.63% | 66.76% | 65.04% | 55.83% | 48.59% | -19.13% | -10.48% | 2.50% | 10.94% | 68.28% | 68.59% | 68.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $36,073K ÷ $142,796K
= 25.26%
The gross profit margin of BioLife Solutions Inc has shown considerable variability over the past few quarters. It ranged from as low as -19.13% to as high as 68.66%.
In the most recent quarter, the gross profit margin stood at 25.26%, representing an improvement from the previous quarter. September 2023 saw a significantly lower margin of 6.44%, indicating potential challenges in generating profits from sales during that period.
The wide fluctuations in gross profit margin could be attributed to various factors such as changes in revenue, cost of goods sold, pricing strategies, and operational efficiency. It is important for the company to closely monitor and manage these components to ensure consistent and sustainable profitability in the long term. Further analysis into the underlying reasons for these fluctuations would be beneficial in understanding the company's financial performance and making informed decisions.
Peer comparison
Dec 31, 2023