BioLife Solutions Inc (BLFS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-70,825	-145,541	-35,160	-6,241	-220
Revenue	US$ in thousands	142,625	160,996	118,837	48,087	27,366
Operating profit margin		-49.66%	-90.40%	-29.59%	-12.98%	-0.80%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $-70,825K ÷ $142,625K
= -49.66%

BioLife Solutions Inc's operating profit margin has experienced fluctuations over the past five years. The company's operating profit margin was exceptionally low in 2022 and 2023, showing signs of significant losses relative to its revenue. However, there was a notable improvement in operating profit margin in 2021 compared to the previous years, though still in the negative territory. The company faced challenges in 2020 with a negative operating profit margin, but this margin was less impacted than in the following years. In 2019, BioLife Solutions Inc had a slightly negative operating profit margin, signaling some operational inefficiencies but to a much lesser extent compared to the more recent years. Overall, the consistent negative operating profit margins indicate that the company has struggled to generate profits from its core operations in recent years, highlighting potential inefficiencies or cost management issues that may need to be addressed.