BioLife Solutions Inc (BLFS)

Net 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
Net income (ttm)	US$ in thousands	-66,427	-102,234	-83,419	-146,098	-139,805	-106,361	-95,965	-15,211	-8,908	4,025	2,813	-21,443	1,983	7,778	19,180	39,812	-1,657	16,293	-18,441	-49,039
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
Net profit margin		-46.52%	-66.38%	-51.68%	-89.93%	-86.82%	-68.86%	-65.05%	-11.01%	-7.50%	4.17%	3.80%	-40.63%	4.12%	18.86%	52.30%	118.52%	-6.05%	64.94%	-77.61%	-221.56%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-66,427K ÷ $142,796K
= -46.52%

The net profit margin of BioLife Solutions Inc has varied significantly over the past few quarters. It reached its lowest point of -89.93% in March 2023, indicating that for every dollar of revenue generated, the company incurred a net loss of approximately $0.90.

The margin improved slightly in the subsequent quarters but remained negative until June 2022. From March 2022 to December 2022, there was a notable improvement in profitability, with the net profit margin turning positive and reaching as high as 118.52% in March 2020. During this period, the company was able to generate substantial profits relative to its revenue.

However, the profitability declined sharply in the following quarters, with the net profit margin falling to -221.56% in March 2019. This indicates that the company was incurring losses greater than its revenue.

Overall, the fluctuating net profit margins reflect the company's inconsistent financial performance and highlight the challenges BioLife Solutions Inc has faced in maintaining profitability over the analyzed period.