BioLife Solutions Inc (BLFS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -66,427 | -139,805 | -8,908 | 1,983 | -1,657 |
| Revenue | US$ in thousands | 142,625 | 160,996 | 118,837 | 48,087 | 27,366 |
| Net profit margin | -46.57% | -86.84% | -7.50% | 4.12% | -6.05% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-66,427K ÷ $142,625K
= -46.57%
The net profit margin of BioLife Solutions Inc has fluctuated significantly over the past five years, ranging from negative 86.84% in 2022 to positive 4.12% in 2020. The company experienced a substantial improvement in profitability from 2022 to 2020, with a notable turnaround from a significant loss to a positive margin. However, in 2023, the net profit margin declined to negative 46.57%, indicating a decrease in profitability compared to the previous year.
The negative net profit margins in 2022 and 2023 suggest that the company's expenses exceeded its revenues during those years, resulting in losses. The positive margins in 2020 and 2019 indicate that the company was able to generate profits relative to its revenue during those periods.
Overall, BioLife Solutions Inc's net profit margin trend indicates inconsistency in profitability levels over the past five years, with the company facing challenges in maintaining stable and positive margins. Further analysis of the factors influencing the company's profitability performance would be necessary to understand the underlying drivers of these fluctuations.
Peer comparison
Dec 31, 2023