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.
Peer comparison
Dec 31, 2023