BioLife Solutions Inc (BLFS)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -20,184 | -68,002 | -139,805 | -8,908 | 1,983 |
| Revenue | US$ in thousands | 97,977 | 142,625 | 160,996 | 118,837 | 48,087 |
| Net profit margin | -20.60% | -47.68% | -86.84% | -7.50% | 4.12% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-20,184K ÷ $97,977K
= -20.60%
The net profit margin for BioLife Solutions Inc has fluctuated significantly over the years. In 2020, the net profit margin was 4.12%, indicating that the company was able to generate a profit of 4.12 cents for every dollar of revenue earned. However, in 2021, the net profit margin turned negative at -7.50%, suggesting that the company incurred a loss equivalent to 7.50 cents for every dollar of revenue.
The trend continued to worsen in the following years, with the net profit margin sinking to -86.84% in 2022, -47.68% in 2023, and -20.60% in 2024. These negative net profit margins indicate that the company's expenses and costs outweighed its revenue, leading to consecutive periods of losses.
This downward trajectory in net profit margin raises concerns about the company's profitability and efficiency in controlling its costs. It is crucial for BioLife Solutions Inc to address the underlying issues causing these losses and implement strategic measures to improve its financial performance and return to positive net profit margins.
Peer comparison
Dec 31, 2024